I was recently asked what books I thought any MBA must read. I figured I would share my list 5 books with everyone. OK 12 books. It's hard to pair it down. From Ray Fisman and Tim Sullivan, The Org: The Underlying Logic of the Office is a great exposition of how organisations really operate. …
How content is trapped
[A later, edited version of this appeared in the Wall Street Journal, 26 October 2016 under the title "Newspapers are social media"] Digitization exposes weak links. Then it breaks them. So much so that it makes you wonder what people were thinking in the first place. And, according to Harvard Business School professor, Bharat Anand in …
Messiness and automation
Tim Harford is the finest expositor of economic ideas today. That is a view I have held for a long time. While his first few books stayed within the economic view of puzzles his last two have moved beyond that tradition. Adapt looked at how failure breeds innovation. And now he has produced Messy a …
Economic Growth from Technical Advance
Human existence changed irreversibly after the invention of indoor plumbing and the municipal supply of water and sewage. The advent of electricity also changed life as we know it, and so did automobiles, the telephone, penicillin, pasteurization, the polio vaccine, and much more. In his book, The Rise and Fall of American Growth; The US …
Twenty Years of the Commercial Internet (Part 2)
How did the deployment and uptake of the Internet bring about growth in the US economy? That is a fundamental economic question that still resonates today, because many of these events yielded lessons that we can take to the present. The topic is hard to address because many participants experienced these events in different ways. …
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Who is Gordon Moore, and Why is There a law Named for him?
Gordon Moore never intended to state a law. He merely observed the deep scientific roots behind the accumulation of exponential improvements in silicon-based transistors. Asked to forecast the next decade, he ventured that the progress would continue at the same rate. This was the unlikely origin of Moore’s law. This is among the many engaging …
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Twenty years of the Commercial Internet
In August 1995, Netscape held its initial public offering and caught the attention of every participant in computing and communications. It was a catalytic event for the commercial Internet, and it started the beginning of a long boom in investment by private firms, households, entrepreneurs, and venture capitalists. With the 20th anniversary approaching, it’s time …
Economic Analysis of the Digital Economy
Is digitization destroying the music industry? A recent study shows that it may improve it by enabling new acts to enter at low cost. (Ch. 14, "Digitization and the Quality of New Media Products") What aren’t you doing while you are spiraling down an Internet black hole? Mostly watching TV and offline socializing, according to …
Entrepreneurial advice from the horse's mouth
A few books have been released recently where entrepreneurs impart their managerial and strategic advice on the world. Of course, they are all successful which means that ultimately they are explaining what they did that made them successful. We should be sceptical. I remember an old Dilbert cartoon with the boss saying something “I’m reading …
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The Triumph of The Org
It is no understatement to say that the business book market is saturated. Most of it is not nearly of the quality that I would comfortably hand or recommend those books to MBA students; which is incredible since MBA students and alumni are invariably the target market for such books. Most of those books steer …
Digitopoly 