CSB Faculty
Is the Stock Market a Casino?
Detractors of the stock market often liken it to a casino. There are certainly some similarities. Many stock traders, not unlike gamblers, develop addictive personalities, are filled with greed for easy and quick riches, and often overestimate their chances of success. In addition, just like casinos, most stock markets seem to be skewed in favor…
Read MoreWhere is the Inflation Monster Hiding?
For the past several years, there has been concern that higher inflation is just around the corner. It is a valid concern, given the damage that high inflation can wreak on an economy and the Fed’s expansion of the money supply. But caution should be exercised in attempting to preempt rising inflation since the facts…
Read MoreNo More Black Box Approach to Teams: Blending Team Diversity and Task Structure to Increase the Efficacy of Teamwork
There are various ways to classify and examine diverse attributes in teams as such diversity (team diversity) reflects a variety of demographic, cultural, experiential, and personal differences that individual members possess which in turn influences team processes and outcomes. For example, observable individual differences and underlying personal attributes are often used to examine various outcomes…
Read MoreEmerging Business Models: Conscious Capitalism and Peace through Commerce
If globalization is considered the most challenging development of modern times then bioterrorism may be its most pressing concern. Increasingly, the connections between health, development and security are becoming clear. The advances in biotechnology, directed toward improving health status, facilitate the reality of bioterrorism, directed toward destroying quality of life and security. Bioterrorism, which involves…
Read MoreEmpiricism and Rationalism in Economics
Empiricism and Rationalism are two schools of philosophy, dating back to the ancient Greeks, dealing with how we obtain our knowledge of the external world. For Empiricists, such as Aristotle, this is best done through the evidence of our senses, that is, through empirical observations and experiments. For Rationalists, such as Plato, however, our senses…
Read MoreEconomic Outlook: Cyclical Recovery, Structural Challenges
The following are my reflections on the economy after attending the Cameron School of Business Advisory Board Lecture Series featuring John Silvia, Chief Economist, Wells Fargo: Recently, there has been talk about the recent recovery of the economy. Everyone is guessing: are we really out of the trough? Is it a steady growth? How does…
Read MoreWords of Wisdom: Steve Jobs’ Commencement Address
Steven Paul Jobs was born in 1955, co-founded Apple Computers in 1976, and died in 2011 at the age of 56, following a long battle with pancreatic cancer. As CEO of Apple, he was one of the greatest visionaries in the history of American business. Under his leadership, Apple developed a culture of innovation that…
Read MoreIs the U.S. National Debt Excessive?
As the recent tapering of the Fed purchases of government and mortgage-backed securities indicates, the efficacy of monetary policy in stimulating the US economy has started to face diminishing returns. Indeed, much of the 3.4 trillion dollars of new money pumped into the economy by the Fed over the past six years in response to…
Read MoreA Meeting of the Minds: Alexis de Tocqueville and Thomas Piketty
Alexis de Tocqueville (1805-1859) is a French historian and political thinker who is best known in the United States for his book Democracy in America, which was published in 1835 following a trip to study the U.S prison system. Coming from Old Europe where wealth inequality was extremely large, he was impressed by the more…
Read MoreA European Perspective on the Future of the Euro Area
A few weeks ago I wrote on this same blog that the main economic problem facing Europe was Immigration. However, I do not want to leave the readers with the impression that the current financial crisis is any less important and critical. Thus, I will now focus on that other problem, as if the first…
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