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Archive for May 2013
July 21, 2008
The expansion of the Fed’s lending has been extraordinary in scale and scope. But it is not the best response to the present credit crunch and may bring unwelcome side effects.
May 02, 2008
To many, entrepreneurship calls to mind the path-breaking motivation envisioned by Schumpeter’s “creative destruction.” But much of entrepreneurship — and much of what we can teach in business school — is more akin to “nondestructive creation.”