Faculty News

Prof. William Baumol is cited for his separate definitions of invention and innovation

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Excerpt from Forbes -- "We should divide 'technological advance' into two sections, as William Baumol (the goto economist on these matters) does. In his definitions, there is invention, which is the creation of spiffy new things. There is also innovation, which is using either these spiffy new things to do interesting things"
Faculty News

Prof. Nouriel Roubini on the ECB's policies

Excerpt from Bloombrg TV -- "Credibility means you decide, and then you speak. Today in the eurozone it's the opposite - everybody is talking, there's a cacophony of voices, and no decision is being taken."  Additional coverage appeared in The Washington Post, The Australian, Business Spectator, Dario Economico, five Bloomberg pieces, three Bloomberg Businessweek pieces, TIME, CNBC and The Wall Street Journal.
School News

Dean Henry will participate in an Q&A with Gordon Brown at a NYU Abu Dhabi Institute event

Excerpt from Middle East Events -- "Brown will answer questions from the Dean of the Stern School of Business at NYU, Peter Henry, a leading economist and financial observer, before taking questions from the audience."
School News

NYU Stern will host the Ultra Light Startups pitch event on October 13

Excerpt from NYConvergence -- "Ultra Light Startups is partnering with the New York Angels to give young entrepreneurs access to NYs angels."
School News

Vice Chair of NYU Trustees & Vice Chair of the Board of Overseers Kenneth Langone (MBA '60) is cited

Excerpt from Bloomberg -- "Unemployed job applicants would find it harder to get hired under an anti-discrimination provision in President Barack Obama’s jobs bill, according to Home Depot Inc. (HD) co-founder Kenneth Langone."  Additional coverage appeared in Bloomberg, Bloomberg Businessweek, iStockAnalyst, San Francisco Chronicle, BangorDailyNews.com, Cincinnati.com and Tampa Bay Online.
Faculty News

Prof. Ilan Lobel's research on learning in social networks is featured

Excerpt from Vimeo -- "We study what are the determinants of information aggregation in social networks, establishing what properties of the network topology, the agents’ information structure and the agents’ preferences drive (or preclude) learning in large networks."
Faculty News

Prof. Craig Stacey on the power of word-of-mouth communication

Excerpt from ContentLead -- “There has been evidence from survey and experimental research for more than 50 years to demonstrate the power of word-of-mouth communication."
Faculty News

An op-ed by Prof. Amity Shlaes on Barney Frank's policies

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Excerpt from Forbes -- "Frank has got it wrong. After a while dumping money into the economy doesn't bring recovery, it just widens the potential for inflation."
Faculty News

Prof. Eric Greenleaf on downtown Manhattan's overcrowded elementary schools

Excerpt from Downtown Express -- “At this rate, in a few years, every single Downtown school will have a waitlist — even the incubator Peck Slip school"  Additional coverage appeared in Our Town Downtown, Tribeca Trib and DNAinfo.
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.