Word: aghion
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...what goes on within large organizations, and what goes on within organizations is not entirely governed by market forces. This is precisely what the Nobel Prize winners and my colleague Oliver Hart have been researching on over the past three decades,” said Harvard Economics Professor Philippe Aghion yesterday...
...Aghion said that Harvard’s Oliver S. Hart “went much further than Williamson by constructing a rigorous framework that made the theory of the firm become truly operational and testable...
...somewhat surprising that Hart was not among the winners,” Aghion said...
...Aghion also said that tax cuts may ameliorate the financial situation of those hit by the recession...
...Aghion said that unemployment may be helped through spending on improving infrastructure...