Faculty News

Prof. William Baumol's Cost Disease is applied to software application development

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Excerpt from a CIO blog -- "It's called Baumol's Cost Disease because Baumol realized something more -- that competition in the labor marketplace isn't limited to neatly confined distinct positions within which individual candidates compete for work. It's broader than that."
Faculty News

Prof. Scott Galloway on the likability of small-business entrepreneurs

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Excerpt from Reuters -- "Small businesses, entrepreneurs are the corporate equivalent of dolphins. Everybody likes dolphins ... It's a good group to associate with." Additional coverage appeared on Canada.com.
Faculty News

Prof. Scott Galloway says magazine brands must embrace social media

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Excerpt from AdAge.com -- "Social media is the corporate equivalent of skinny jeans, making you look hip, Mr. Galloway added."  Additional coverage appeared in Folio Magazine and AdAge.
Faculty News

Prof. Scott Galloway on the long-term value of Facebook

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Excerpt from New York Post -- "[I]n the next 10 to 20 years, I don’t think [Facebook] will be in the top 100' most valuable companies." Additional coverage appeared on Forbes.com and Innovation Excellence.
School News

Vice Chair of NYU Trustees and Vice Chair of the Board of Overseers Kenneth Langone (MBA '60)

Excerpt from Bloomberg -- "'I love learning, but I’m biased,' said Kenneth Langone. 'I’m chairman of the NYU Langone Medical Center,' of which the [NYU Cancer] institute is a part within the larger domain of New York University."
School News

NYU Stern is highlighted for its affiliation with the nonprofit Global Goods Partners

Excerpt from MBA Social -- "Global Goods Partners is a non-profit, social venture that creates economic opportunity for women artisans in some of the world’s poorest communities by providing access to the US market for their fair trade, handmade products."
School News

Reserve Bank of India Governor Duvvuri Subbarao's talk at NYU Stern is highlighted

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Excerpt from Livemint -- "Will the September PMI result in RBI pausing? The central bank’s stance was most recently spelt out by governor D. Subbarao in a speech at the Stern School of Business at New York on 26 September." Additional coverage appeared in The Hindu Business Line.
Faculty News

Prof. Paul Romer's "good bank" proposal is highlighted

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Excerpt from The Telegraph -- "The thought at that time was that, if governments felt they had public money to use in supporting the banking sector, it would be far better to use that money to establish a new 'good' bank than waste it keeping alive 'bad' broke banks."
Faculty News

Profs Alexander Tuzhilin and Anindya Ghose on the growth of high-tech firms in NYC

Excerpt from Washington Square News -- "'New York City has two first-rate schools directly in the city and Yale and Princeton nearby,' Tuzhilin said. ... Anindya Ghose ... said firms like Twitter, Meetup, Foursquare and Tumblr have set up offices in the city to tap into the abundance of resources that are readily available."
Faculty News

Prof. Scott Galloway will present his L2 Digital IQ rankings of magazine brands at AMC 2011

Excerpt from States News Service -- "More than 450 top-level magazine executives, editors and other notable media heavyweights have gathered at the Grand Hyatt New York to attend the 2011 AMC - The Magazine Media Conference, which runs October 4 through 5."
Faculty News

In an interview, Prof. Amity Shlaes discusses criticism of the Fed

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Excerpt from Marketplace -- "The solution is a new Fed law that narrows the Fed's mandate to keeping money stable. Then the critics won't need to vilify the Fed head, whether it's Ben Bernanke, or someone else."
Faculty News

Prof. Nouriel Roubini says the US and euro region have already reached recession

Excerpt from Bloomberg -- "The U.S. and most of the euro region are already in recession, Nouriel Roubini, the economist who predicted the U.S. housing bubble that started the last slump, told the Bloomberg Dealmakers Summit in New York on Sept. 27."  Additional coverage appeared in Forbes, Reuters, The Huffington Post, CNBC, Bloomberg and Bloomberg Businessweek.
Faculty News

Nobel Laureate Prof. Michael Spence recommends Greece exit the euro zone

Excerpt from Bloomberg -- "The only solution is an orderly exit from the euro that allows Greece to lower costs and regain competitiveness, Spence was quoted as saying."
Faculty News

Prof. Richard Sylla on the history of US interest rates

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Excerpt from The Wall Street Journal -- "Average long-term government interest rates hit a monthly low of 1.85% in 1941, according to an interest-rate history co-written by Mr. Sylla."  Additional coverage appeared in Dunwoody Crier.
Faculty News

Prof. Scott Galloway on the relationship between digital IQ and shareholder value

Excerpt from Adweek -- "There’s a stronger correlation than we anticipated between digital IQ and revenue growth and, ultimately, shareholder value.”
Faculty News

Prof. Scott Galloway on the advertising strategies of popular social media platforms

Excerpt from Bloomberg TV -- "At the end of the day, these platforms offer brands the opportunity to establish direct relationships and the existing ad model is more around renting consumers from a media property..."
Faculty News

An interview with Prof. Nouriel Roubini on the European debt crisis

Excerpt from Bloomberg TV -- “You need a huge bazooka of at least 2 trillion euros, but you can’t wait three months. You have to do it in the next few weeks.”
Faculty News

Prof. Eli Bartov on the tax write-offs received for donations to the Kashmiri American Council

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Excerpt from The Atlantic -- "At minimum, the write-offs violated U.S. tax laws, experts said. 'That's not allowed,' said Eli Bartov ... 'You can only get the deduction if you make the contribution.'"  Additional coverage appeared in ProPublica.
Faculty News

Prof. Gavin Kilduff's research on rivalry and competition is featured

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Excerpt from Financial Times -- "Co-author Gavin Kilduff of New York University’s Stern School of Business told me that publicity for the game could further stoke up the antagonism. But the study also warns that intense corporate rivalry, as distinct from mere competition, 'opens up the possibility of economically irrational behaviour' including 'an unwillingness to co-operate with rivals even when it is instrumentally beneficial.'"
School News

NYU Stern's Launch 2011, Themed "An Education in Possible," is featured

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Excerpt from Forbes.com--NYU Stern continued the theme of long-term, socially responsible thinking with their new integration initiative, Launch 2011. Themed “An Education in Possible,” they began with a three-day intellectual “summit” divided into daily themes of World, Business and City. The intention was to inspire their students to think seriously about the major challenges facing the world (e.g., climate change, fiscal crises, energy, urbanization) and to expand their view of possibilities–what business can do, and what they can achieve, to create value.
School News

Prof. Lawrence Lenihan's Tech@NYU Startup Week workshop is highlighted

Excerpt from NYU Local -- "Thursday 10/6: Choose one of three concurrent workshops: (1) a compressed lesson from Lawrence Lenihan‘s “Ready, Fire! Aim” course on business development ..."
School News

eToro investment network's presentation at the NYU Stern WIN Conference is featured

Excerpt from PR Newswire -- "Dr. Yaniv Altshuler presented eToro sponsored research on social trading at WIN (Workshop on Information in Networks) at NYU Stern School of Business September 30 - October 1."  Additional coverage appeared in The Sacramento Bee.
Faculty News

Prof. Stijn Van Nieuwerburgh on how give US households debt relief

Excerpt from iStockAnalyst.com -- "Banks need to be induced to write down the principals on mortgages and give households debt relief so they can resume spending." Additional coverage appeared on ABC News.