Nobel-Prize-winning economist Paul Krugman argues that business leaders need to understand the differences between economic policy on the national and international scale and business strategy on the organizational scale. Economists deal with the closed system of a national economy, whereas executives live in the open-system world of business. Moreover, economists know that an economy must be run on the basis of general principles, but businesspeople are forever in search of the particular brilliant strategy. Krugman's article serves to elucidate the world of economics for businesspeople who are so close to it and yet are continually frustrated by what they see. Since 1922, Harvard Business Review has been a leading source of breakthrough management ideas-many of which still speak to and influence us today. The Harvard Business Review Classics series now offers readers the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world-and will have a direct impact on you today and for years to come.
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Argues that business leaders need to understand the differences between economic policy on the national and international scale and business strategy on the organizational scale. This title explains the world of economics for businesspeople who are so close to it and yet are continually frustrated by what they see.
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Produktdetaljer

ISBN
9781422133408
Publisert
2009-12-01
Utgiver
Vendor
Harvard Business Review Press
Vekt
56 gr
Høyde
165 mm
Bredde
107 mm
Aldersnivå
G, 01
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
64

Forfatter

Biographical note

Paul Krugman is a op-ed columnist for the The New York Times a professor of Economics and International Affairs at Princeton University. He was awarded the Nobel Prize for Economics in 2008.