Word: economisters
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...Thomas C. Schelling, a 2005 Nobel-prize-winning economist and distinguished university professor emeritus at the University of Maryland, wrote “Micromotives” in the late seventies to explain collective human behavior. The book, comparable to Malcolm Gladwell’s recent work “The Tipping Point,” was revolutionary at the time and was praised accordingly...
...workers between 1994 and 2005, using retirement and voluntary redundancies to lower costs and boost productivity. "The Tata group's relationship with its employees changed from the patriarchal to the practical," reads the Tata code of honor, which sets group-wide standards of conduct. Subir Gokarn, chief economist at ratings agency Crisil, says Ratan Tata read the runes of change and largely avoided the rash of business failures in India that followed reform: "He survived the bloodbath. Those who made no changes became extinct...
...latest candidate? Television. Author Gregg Easterbrook stirred the blogosphere last week with an article on Slate provocatively titled "TV Really Might Cause Autism." The piece cited an as yet unpublished study from Cornell University, although not from its medical school. Economist Michael Waldman, of Cornell's Johnson Graduate School of Management, got to thinking that TV watching--already vaguely associated with ADHD--just might be the culprit that tips vulnerable toddlers into autism. That there was no medical research to support the idea didn't faze him. Nor was he deterred by the fact that there are no reliable large...
...Mohammed Yunus, a Bangladeshi economist, met a woman in Jobra, Bangladesh who was trying to earn a living by selling bamboo stools. She made only two pennies of profit a week, far from enough to sustain a family, as buying supplies required her to borrow from a local moneylender at extremely high interest rates. Yunus soon discovered that Jobra was filled with others just like her—women whose tiny ventures barely survived but had the potential to thrive if they could borrow money at reasonable rates...
...former secretary of the U.S. Treasury, said his new role will not change his status as a Harvard faculty member. “This is entirely within the context of the normal outside activities of a Harvard professor,” Summers said in a statement to The Crimson. Economist Gene B. Sperling, a friend of Summers and a former Clinton adviser, said Summers’ economic prowess and Washington experience are valuable commodities for financial firms. “He’s really almost one-of-a-kind in bringing that combination,” Sperling said...