Ab-Norm-al Econ

A number of articles have been written about the failure of macroeconomic models to predict the Great Recession.  Nobody is more familiar wi...

The Harvard Business Review published this study on how corporations make investment decisions.  It shows that corporate investments are pr...

Economists often get involved in politics because many of the decisions that need to be made are about the economy.  They realize that our p...

Predators usually focus their attention on the most vulnerable prey to which they have access.  Predatory capitalism is the name given to bu...

This article provides an answer to the question raised in the title of this post.  It argues that the major purpose of the publicly held cor...

Wall Street banks and top consulting firms restrict their recruiting efforts to America's elite colleges.  There are many bright and com...

The annual Federal Reserve meeting at Jackson Hole included central bankers from the UK, Japan and the EU.  They all agreed that weak labor ...