November 2012

Book Review: Behavioural Macroeconomics

Behavioural Macroeconomics

Ian McDonald of the University of Melbourne has assembled an enlightening and diverse collection of 24 articles — featuring surveys, theoretical modeling, and empirical testing — that explore psychology and behavioral economics in shedding light on intervention versus free-market solutions following the recent global financial crisis. Read more

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Soft Skills for Finance: The Power of Influence

Leadership, Management, and Communication Skills

What does the word “influence” mean to you? Businesses are increasingly moving towards flat and/or matrix organizational structures and valuing and encouraging collaboration and interdependencies across work groups. The ability to influence in all directions and across all types of relationships is also likewise becoming increasingly important. In this brave new world, influence doesn’t simply mean achieving a specific outcome you desire but rather collaborating effectively with and leading others collectively towards commitment, outcomes, and change. Read more

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Book Review: Broken Markets

Broken Markets: How High Frequency Trading and Predatory Practices on Wall Street Are Destroying Investor Confidence and Your Portfolio

The authors point out some troubling aspects of the US stock market resulting from its radical transformation over the past 15 years, culminating in the Flash Crash and the unintended consequences of reforms meant to increase market competition. They propose a few very specific rule changes as remedies. Read more

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