MIT

Podcast

Daron Acemoglu: Why Nations Fail

It's what you do with what you've got
Sunday, August 7, 2016, 12:17 PM

Why do some nations rise while others wither? Why have some of the world's largest empires eventually crumbled? What are the 'best practices' that a modern nation should follow if it desires sustainable prosperity for its citizenry?

To answer these questions, we welcome MIT professor Doran Acemoglu and co-author of the book Why Nations Fail. His observations? Yes, national prosperity has some correlation to the resources available to the State, but importantly, it's determined by how those resources are put to productive -- and fair -- use. » Read more

Blog

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Why the Bullwhip Effect All But Guarantees Another Poorly-Handled Liquidity Crisis

Complex systems break under stress
Monday, July 1, 2013, 11:54 AM

One of my more memorable moments in business school came during an Operations class. The topic for the day was the Bullwhip Effect, a very real and vexing phenomenon that occurs in forecast-driven distribution systems.

Essentially, when there are multiple parties in a distribution system, the imperfections in each player's forecasts (no forecast is consistently perfect) compound to wreak increasing havoc over time, even if demand stays relatively stable.

Grasping how this works is somewhat non-intuitive... » Read more

Daily Digest

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Daily Digest 3/18 - 'No Cause For Panic' In Cyprus, Disease Threatens Aquaculture

Monday, March 18, 2013, 10:03 AM
  • Wakeup Call From Cyprus To The Rest Of The World
  • With Regard to the Cyprus Bank Deposit Confiscations: Is Nothing Sacred?
  • No Cause For Panic
  • Wall Street: $474 Million, Detroit: $0
  • Tax Credits or Spending? Labels, but in Congress, Fighting Words
  • Federal government to announce plan to increase tanker safety
  • MIT Develops Meltdown-Proof, Nuclear Waste-Eating Reactor
  • Disease threatens aquaculture in developing world