Business & Entrepreneurship

Creativity at the World Economic Forum? That may seem like a bit of stretch. But according to Keith Sawyer, PhD, associate professor of education and of psychology in Arts & Sciences at Washington University in St. Louis, the two go hand-in-hand. Sawyer moderated two sessions at last month’s forum in Davos, Switzerland.

Experts from the St. Louis Federal Reserve and around the country will be on the Washington University campus Friday, Feb. 5, to discuss the Federal Reserve’s role during the recent recession and future directions for policy. The free public conference, “Monetary Policy Amid Economic Turbulence,” begins at 2:30 p.m. in the Bryan Cave Moot Court Room, Anheuser-Busch Hall.

“High-quality research is the lifeblood of a great research university,” says Olin Business School Dean Mahendra Gupta.  It’s also how faculty create knowledge, inspire their students and transform business.  Abstracts and links to the lastest research from Olin’s faculty have just been published.

Dancing classrooms, online philanthropy, a resale shop, produce market and programs to empower youth are among the projects in the final round of this year’s social entrepreneurship competition.  The YouthBridge SEIC competition will award $155,000 in April to the business plans with the most promise and solutions to help resolve social issues. 

Entrepreneurs with business plans to make the world a better place will have 90 seconds to pitch their ideas to a panel of judges at 6 p.m. tonight in the next-to-final round of the annual YouthBridge SEIC (Social Entrepreneurship & Innovation Competition) in May Auditorium, Simon Hall, on the Danforth Campus.

C.J. Larkin, J.D., senior lecturer and administrative director of the School of Law’s Dispute Resolution Program, and several law students were instrumental in helping a team-oriented mediation address issues of perceived citizen disenfranchisement in Kirkwood, Mo.

WUSTL faculty from law and political science were quick to offer opinions to the news media about implications of a controversial Jan. 21 ruling by the The U.S. Supreme Court that will allow corporations and unions to spend freely in elections, a decision many expect to shift the balance of political power.

The Supreme Court’s decision to overturn campaign spending limits for corporations “strikes a serious blow against efforts to stem the dominance of corporations in our political process,” says Gregory  P. Magarian, J.D., constitutional and election law expert at Washington University in St. Louis.  “The Court overruled a longstanding decision that had struck a sensible, carefully drawn balance between the self-interest of corporations and interests of integrity and fairness in the political process.“

Steve Fazzari What will generate the growth necessary to put many of the unemployed back to work again?  That’s the question economist Steve Fazzari is asking as we move past the first recession of the 21st century.  “In the deep downturns of the 1970’s and early ’80’s, strong consumer spending growth led to strong recoveries. Unfortunately, I just don’t see that happening this time”  says Fazzari.  Includes video interview.

Banks and borrowers went on a leveraged consumption binge that led to the financial crisis in 2008 according to Anjan Thakor. And the entire economy is still feeling the hangover pain from the credit-fueled party that caused bank failures and forced foreclosures across the country. Thakor’s new research examines the cycles of leveraged borrowing by banks and consumers as a possible cause of the crisis. His new theory of ‘infectious leverage’ could help prevent future financial meltdowns.