MichaelVitali.net

Category: Economics

  • Fault Lines : Raghuram G. Rajan

    Another take on the economic crisis: somewhat dry and academic but quite thorough. The most illuminating idea was a refinement of the distorted compensation incentives that poison Wall Street. Rajan’s idea is an employee’s performance bonus held in long-term escrow to ensure it does not blow up a too-big-to-fail bank employer within a year or…

  • Three ways to address innovation in business

    Innovation is the big imperative of the next economy, many say. But so many things currently endemic to the American way of business impede the American way of innovation: Me-tooism. Every smartphone is playing catchup to the iPhone, which was innovative and creative. Any touch-based smartphone that follows, no matter how cool and incrementally beneficial,…

  • Crisis Economics : Nouriel Roubini and Stephen Mihm

    I am not an economist but part of my job is to explain to everyday investors how it all works — that is, when it does. Of late I have been reading a lot about the economic crisis because I am not convinced that the systemic weaknesses and abuses that led to it have been adequately…