Business & Entrepreneurship

“Give me a one-armed economist,” President Harry S. Truman once demanded as he vented his frustration over economic advisors who offer straightforward recommendations, then hedge their bets by tacking on a slew of caveats, often beginning with the phrase “but, on the other hand…” Now, Murray Weidenbaum, the chairman of President Ronald Reagan’s first Council of Economic Advisers, has published a compilation of essays that offers the clear, no-nonsense economic policy analysis that Truman craved. Titled One-Armed Economist: On the Intersection of Business and Government, the book provides a distillation of four decades of Weidenbaum’s writings on key public policy issues.

Washington University has a number of internationally recognized experts and researchers on terrorism and homeland security who can address issues including intelligence, critical infrastructure, cybersecurity, target identification, and many other areas of concern related to the latest news on threats to the U.S. Faculty associated with the University’s Center for Security Technologies may be of […]

OlsenToday, when you walk into a car dealer and order a new automobile, you pay the same price and get the same wait for delivery as every other customer. But in the future, as Tava Olsen sees it, instead you’ll select your price and delivery date from a dynamic menu of lead-times and prices, where you can pay more for quick delivery or get a better price for waiting. While such options benefit the customer, they also pay bottom-line benefits for the retailer and manufacturer, says Olsen, associate professor of operations and manufacturing at Washington University’s Olin School of Business. To help companies reap those benefits, she’s engaged in groundbreaking theoretical research funded by a National Science Foundation (NSF) grant to tell them just how to do it.

A new study shows spending on federal regulatory agencies exceeds the growth of the overall federal budget. Despite President Bush’s vow to limit discretionary spending to 3.9%, the 2005 Budget requests $39.1 billion in outlays for federal regulatory activities, a 4.2% real increase over the appropriated 2004 budget.

MacDonaldIt is no secret that advances in technology can greatly impact the value of workers’ skills. Older workers often find the updating of complex technology uneconomic, while younger workers acquire and readily employ skills tailored to the newest technology. The result: the latter group’s productivity rises, diminishing the value of output produced by their older counterparts. A recently published study by Glenn MacDonald, Washington University’s John M. Olin Distinguished Professor of Economics and Strategy, is the first to model and explain the nature and severity of this effect.

A conference for board directors of public and private companies will be held June 25-26 at Washington University’s John M. Olin School of Business in the school’s Charles F. Knight Executive Education Center. The board of directors’ conference, “Strategies and Techniques for Improving Board Performance,” will focus on corporate governance issues.

NorthDouglass C. North, Ph.D., the Spencer T. Olin Professor in Arts & Sciences and a co-recipient of the Nobel Memorial Prize in Economic Science, joined a panel of distinguished economists in Denmark May 24-28th for an intensive forum exploring the costs and benefits of ongoing efforts to address critical global challenges, such as war, famine and disease.

BardachKenneth C. Bardach has been named associate dean and director of ExecEdge Corporate Education at the John M. Olin School of Business at Washington University in St. Louis, announced Stuart I. Greenbaum, dean and Bank of America Professor at the Olin School. Bardach joins Olin from Case Western Reserve, where he served as associate dean of Executive Education Programs at the Weatherhead School of Management. Bardach brings more than 30 years of academic and corporate experience to his post, having twice served in executive education director positions at the Kellogg Graduate School of Management, Northwestern University, and having directed corporate management education and development programs for numerous organizations.

In honor of a very special couple, $1.5 million has been raised by friends and colleagues to establish the Geraldine J. and Robert L. Virgil Professorship in Accounting and Management in Washington University’s John M. Olin School of Business. Chancellor Mark S. Wrighton announced the gift, which includes $300,000 from the University’s Sesquicentennial Endowed Professorship Challenge. Mahendra Gupta, Ph.D., professor of accounting in the John M. Olin School of Business, will be appointed as the first holder in a ceremony planned for later this year.

HamiltonMajor gifts from The Bellwether Foundation and from Nancy Morrill Smith will create the Robert Brookings Smith Distinguished Professorship in Entrepreneurship for Washington University’s John M. Olin School of Business, it was announced by Chancellor Mark S. Wrighton. Barton H. Hamilton, Ph.D., professor of economics, management and entrepreneurship in the John M. Olin School of Business, will be appointed as the first holder in a ceremony planned for later this year.