By Anatole Kaletsky – Can economists contribute anything useful to our understanding of politics, business and finance in the real world?
The “old ideas that have been proved wrong,” including inflation targets, self-stabilizing markets, and rigid separation of monetary and fiscal policy, remain dominant where they are most dangerous — in the macroeconomic analysis of finance ministries and central banks.
Overcoming these old ideas will require new thinking about politics and not just economics. more> http://tinyurl.com/llysp3v
Posted in Economic development, Banking, Economy, Leadership, Business, Education, History, Regulations
Tagged Banking reform, Regulations, Financial crisis, Monetary policy, Government, Capital, Leadership, Economics
By Matt Phillips – If you were a betting person placing a wager on a political outcome, you’d pretty much always want to bet on the outcome that the affluent are in favor of.
The opinions of the affluent and business groups were a far better predictor of actual policy outcomes than the opinions of Americans with median incomes. more> http://goo.gl/Z4ZoBG
Posted in Business, CONGRESS WATCH, Economic development, Economy, Education, Leadership, Media, Regulations
Tagged Business, Congress Watch, Government, Leadership, Organization, Regulations, United States
By Jackson Nickerson – Taking a best practice capability from one highly interconnected system and inserting it into another undoubtedly will lower performance, if the combined system works at all. Like Mary Shelly’s famous 1818 novel Frankenstein, combining modules from different systems can lead to a wretched capability.
When, then, does seeking out and copying a best practice capability make sense? more> http://tinyurl.com/n9n7m95