{"id":1636,"date":"2023-07-24T13:33:06","date_gmt":"2023-07-24T13:33:06","guid":{"rendered":"https:\/\/sites.tufts.edu\/amarbhide\/?page_id=1416"},"modified":"2025-12-31T10:57:24","modified_gmt":"2025-12-31T15:57:24","slug":"articles-working-papers-book-chapters","status":"publish","type":"page","link":"https:\/\/bhide.net\/wordpress_files\/index.php\/publications\/articles-working-papers-book-chapters\/","title":{"rendered":"Articles, Working Papers & Book Chapters"},"content":{"rendered":"\n

\u201cUncertainty and Enterprise: Synopsis and Further Thoughts,\u201d<\/a> Critical Review<\/em>, 37:1, 120-166, DOI: 10.1080\/08913811.2025.2520016<\/p>\n\n\n\n

\u201cTariffs Won\u2019t Break the Economy. Corporate Shakedowns Might.\u201d<\/a> Barron\u2019s <\/em>August 23, 2025<\/p>\n\n\n\n

\u201cUniversities Won\u2019t Like What It Would Take to Truly Say No to Trump\u201d<\/a> Barron\u2019s <\/em>April 15 2025<\/p>\n\n\n\n

\u201cIs DeepSeek Really A Threat\u201d Project Syndicate<\/em> Jan 30 2025 \u201cThe Boring Truth about AI<\/a>\u201d Project Syndicate<\/em> April 10, 2024<\/p>\n\n\n\n

\u201cEntrepreneurial Specialization: How Subjective (\u201cKnightian) Uncertainty Matters\u201d<\/a> Working paper, December 2021<\/p>\n\n\n\n

\u201cThe Selective Sovietization of American Capitalism<\/a>\u201d Project Syndicate<\/em> December 31, 2021<\/p>\n\n\n\n

\u201cRenewing Knightian Uncertainty: A Pragmatic Prospectus and Demonstration.\u201d <\/a>Harvard Business School Working Paper, No. 21-129, June 2021<\/p>\n\n\n\n

\u201cCapitalism Won\u2019t Thrive on Value Investing Alone.\u201d<\/a> Harvard Business Review Digital Articles<\/em> (June 1, 2021).<\/p>\n\n\n\n

\u201cMaking Economics More Useful: How Technological Eclecticism Could Help.\u201d <\/a> Journal of Applied Corporate Finance<\/em> 33, no. 1 (Winter 2021): 122\u2013133. (Adapted from Applied Economics<\/em> article below).<\/p>\n\n\n\n

Symmetric Ignorance: The Cost of Anonymous Lemons<\/a>\u201d European Financial Management<\/em>. 2021; vol 27. Iss. 3: 414\u2013 425. Also available at SSRN: https:\/\/ssrn.com\/abstract=3439105<\/a><\/p>\n\n\n\n

\u201cMaking Economics More Useful: How Technological Eclecticism Could Help.\u201d Applied Economics<\/em>, 52:26,2862-2881, DOI: 10.1080\/00036846.2019.1696939.  Available at SSRN: https:\/\/ssrn.com\/abstract=3031221<\/a><\/p>\n\n\n\n

\u201cNote on Productive Knowledge.\u201d\u00a0<\/a>\u00a0Harvard Business School Working Paper, No. 21-010, July 2020. (Revised Oct 2025.)\u00a0<\/p>\n\n\n\n

With Leif Pagrotsky, 2020, \u201cSeparated By A Common Infection<\/a>\u201d Think Global Health (<\/em>published by the Council on Foreign Relations) <\/em>May 6, 2020<\/p>\n\n\n\n

\u201cMurky Data Calls Into Question Quarantine Strategy<\/a>\u201d Financial Times <\/em>March 25, 2020<\/p>\n\n\n\n

\u201cTo Make Banks Stable, End, Don\u2019t Mend, the Repo Market<\/a>\u201d 2019. Wall Street Journal<\/em>. October 2, 2019<\/p>\n\n\n\n

\u201cCongress Should Set the Fed\u2019s Inflation Target\u2014Ideally at Zero.\u201d<\/a> 2018. Wall Street Journal<\/em>. November 7, 2018<\/p>\n\n\n\n

\u201cSkepticism Beats Snopes as an Antidote to Fake News.\u201d<\/a> 2018. Wall Street Journal<\/em>. June 8, 2018<\/p>\n\n\n\n

\u201cCorralling the Info-Monopolists<\/a>\u201d Project Syndicate<\/em> May 14, 2018<\/p>\n\n\n\n

\u201cWhy We Need Traditional Banking<\/a>\u201d National Affairs<\/em> Winter 2018 pp. 78-92<\/p>\n\n\n\n

\u201cFormulaic Transparency: The Hidden Enabler of Exceptional U.S. Securitization\u201d<\/a>(2017) Journal of Applied Corporate Finance<\/em> Vol 29. No. 4 pp.96-111<\/p>\n\n\n\n

\u201cConstraining Knowledge: Traditions and Rules that Limit Medical Innovation<\/a>,\u201d 2017. Critical Review<\/em> Vol. 29 Iss. 1 no.1 pp 1-33 edited from (How) Can We Do Better? Lessons from HIV-AIDS<\/a><\/p>\n\n\n\n

\u201cOn the futility and hazards of monetary heroics.\u201d Published (after translation) in Ekonomisk Debatt<\/em> Issue 4\/2017 by the Swedish Economic Association<\/p>\n\n\n\n

Equifax Critics Are Missing the Bigger Point<\/a>. 2017. Wall Street Journal<\/em>. September 13, 2017<\/p>\n\n\n\n

\u201cEasy money is a dangerous cure for a debt hangover<\/a>.\u201d 2016. Financial Times<\/em> August 17, 2016<\/p>\n\n\n\n

\u201cWhen it comes to ISIL Europe is repeating the sins of its fathers\u201d<\/a>  Quartz<\/em> January 7, 2016<\/p>\n\n\n\n

With Anders Barsk \u201cBrexiters are making a dangerous mistake in their argument for leaving the EU<\/a>\u201d Quartz<\/em> June 21 2016<\/p>\n\n\n\n

Third World in the First World<\/a> Politico \u2013 Europe<\/em> online July 3, 2015<\/p>\n\n\n\n

On the Increasing Centralization of US Money and Credit<\/a>. June 2015. Center on Capitalism and Society Working Paper No. 86.<\/p>\n\n\n\n

\u201cThe Demise of US Dynamism is Vastly Exaggerated \u2013 But Not All is Well<\/a>\u201d 2015 in Understanding the Growth Slowdown, <\/em>ed. Brink Lindsey Washington D.C.: Cato<\/p>\n\n\n\n

Support for Free Speech Is Not Support for More Surveillance<\/a>, 2015. January 22, 2015, Washington Monthly <\/em>on-line<\/p>\n\n\n\n

\u201cProfits Don\u2019t Create Inequality\u201d<\/a> 2014 Barron\u2019s <\/em>November 22, 2014<\/p>\n\n\n\n

With Pankaj Ghemawat, \u201cClay Christensen\u2019s theories are great for entrepreneurs, but not executives\u201d<\/a> Quartz  <\/em>October 9, 2014<\/p>\n\n\n\n

\u201cDon\u2019t believe brokers, the government, or Piketty\u201d<\/a> Quartz<\/em> May 31, 2014<\/p>\n\n\n\n

\u201cA Law Unto Themselves\u201d<\/a> City Journal<\/em> January 30, 2014<\/p>\n\n\n\n

\u201cRe-Decentralizing the Fed\u201d <\/a>Project Syndicate<\/em> October 9, 2013<\/p>\n\n\n\n

\u201cWanted: A Boring Leader for the Fed\u201d<\/a> New York Times <\/em>August 21, 2013 p A23<\/p>\n\n\n\n

With Edmund Phelps, \u201cCentral Banking Needs Rethinking\u201d<\/a> Wall Street Journal <\/em>July 16, 2013, page A15<\/p>\n\n\n\n

\u201cSkinned in the Game\u201d<\/a> Barrons <\/em>June 23, 2012<\/p>\n\n\n\n

With Christopher Papagianis \u201cTo Save Money-Market Mutual Funds, Scrap Them\u201d<\/a> Bloomberg.com June 13, 2012<\/p>\n\n\n\n

\u201cIn Praise of the Beleaguered Euro\u201d<\/a> (2012) Wall Street Journal<\/em> May 8, 2012 A13<\/p>\n\n\n\n

\u201cDebt Reckoning for Europe\u201d <\/a>Project Syndicate<\/em> April 2012<\/p>\n\n\n\n

\u201cBring Back Boring Banks\u201d<\/a> (2012) New York Times<\/em> January 4, 2012 p. A23<\/p>\n\n\n\n

\u201cMessy Government is a must for modern America\u201d<\/a> (2011) Financial Times<\/em> October 6, 2011 p.9<\/p>\n\n\n\n

\u201cThe Indeterminate Goodness of the Economy (and Life)<\/a>\u201d Comments at The Center on Capitalism and Society\u2019s 9th Annual Conference on: \u201cPhilosophical Foundations of Economics and the Good Economy: Individual Values, Human Pursuits, Self-Realization and Becoming.\u201d<\/p>\n\n\n\n

With Edmund S. Phelps, \u201cThe Root of All Sovereign-Debt Crises\u201d <\/a>Project Syndicate<\/em> August 2011<\/p>\n\n\n\n

With Edmund S. Phelps, \u201cMore Harm Than Good\u201d<\/a> Newsweek <\/em>July 11, 2011<\/p>\n\n\n\n

\u201cBank Regulation\u2019s Capital Mistake\u201d<\/a> Project Syndicate<\/em> July 2011<\/p>\n\n\n\n

\u201cThe Upside of Spending\u201d<\/a> New York Times <\/em>Opinion February 8, 2011<\/p>\n\n\n\n

\u201cVenturesome Consumption, Innovation and Globalization\u201d (2011) in Perspectives on the Performance of the Continent\u2019s Economies<\/em>,
(eds.) Phelps, Edmund S. and Hans-Werner Sinn, Cambridge, MIT Press.<\/p>\n\n\n\n

\u201cTo fix our banks we must go back to the 70s<\/a>\u201d (2011) Financial Times<\/em> January 10, 2011 p.9<\/p>\n\n\n\n

\u201cVenturesome Consumption, Innovation and Globalization<\/a>\u201d (2011) in Perspectives on the Performance of the Continent\u2019s Economies<\/em>, (eds.) Phelps, Edmund S. and Hans-Werner Sinn, Cambridge, MIT Press.<\/p>\n\n\n\n

\u201cFinancing the venturesome economy\u201d 2011. in Innovation: How Europe Can Take Off <\/a><\/em> (eds.) Philip Whyte and Simon Tilford, London: Center for European Reform<\/p>\n\n\n\n

\u201cThe Trouble with Robo-Lending\u201d<\/a> (2010) Wall Street Journal<\/em> November 13, 2010 A11<\/p>\n\n\n\n

\u201cDon\u2019t Expect Much From the R&D Tax Credit\u201d<\/a> (2010) Wall Street Journal<\/em> September 11, 2010, A15<\/p>\n\n\n\n

\u201cThe Judgment Deficit\u201d<\/a> (2010) Harvard Business Review<\/em> Vol. 88 No. 9 p.44-53<\/p>\n\n\n\n

With Carl Schramm, \u201cWhat\u2019s Still Exceptional About America\u201d The International Economy<\/em> Fall 2009 p.44-45<\/p>\n\n\n\n

\u201cLet Bankers Be Bankers<\/a>\u201d Forbes.com<\/em> September 25, 2009<\/p>\n\n\n\n

\u201cLet\u2019s Break up the Fed<\/a>\u201d (2009)Wall Street Journal<\/em> July 29, 2009 p. A15<\/p>\n\n\n\n

\u201cAn Accident Waiting to Happen<\/a>\u201d (2009) Critical Review<\/em> 21(:2-3) 211-247<\/p>\n\n\n\n

\u201cThe Elusive Underpinnings of U.S. Venturesomeness (if Not Prosperity)\u201d (2009) Journal of Applied Corporate Finance<\/em> Vol 21. No2 pp. 8-23<\/p>\n\n\n\n

\u201cIn Praise of More Primitive Finance<\/a>\u201d (2009)The Economists\u2019 Voice<\/em>: Vol. 6: Iss. 3, Article 8.<\/p>\n\n\n\n

\u201cThe Venturesome Economy<\/a>\u201d (2009) Journal of Applied Corporate Finance<\/em> Vol 21. No1 pp. 8-23<\/p>\n\n\n\n

\u201cYou Can\u2019t Rush a Recovery<\/a>\u201d (2009) Wall Street Journal<\/em>, April 9, 2009 p. A15<\/p>\n\n\n\n

\u201cThe Upside of the Worst of Times\u201d New York Times<\/em> Opinion March 18, 2009<\/p>\n\n\n\n

\u201cConsumers Can Still Spot Value in a Crisis<\/a>\u201d (2009) Wall Street Journal <\/em>March 12, 2009 p. A15<\/p>\n\n\n\n

\u201cDon\u2019t Believe the Stimulus Scaremongers<\/a>\u201d (2009) Wall Street Journal<\/em> February 17, 2009 p. A15<\/p>\n\n\n\n

\u201cHow Banking Diversification Steered us Wrong<\/a>\u201d BusinessWeek<\/em> February 9, 2009, p. 30-31<\/p>\n\n\n\n

\u201cInsiders and Outsiders<\/a>\u201d Forbes.com <\/em>September 25, 2008<\/p>\n\n\n\n

With Edmund S. Phelps, \u201cA Dynamic Theory of China-US Trade: Making Sense of the Imbalances<\/a>\u201d World Economics <\/em>Vol. 8 No. 3 July-September 2007.<\/p>\n\n\n\n

\u201cWhat holds back Bangalore Businesses<\/a>?\u201d (2008) Asian Economic Papers<\/em>, Vol 7, No. 1, pp. 10-153 Based on December 2004 working paper<\/a><\/p>\n\n\n\n

\u201cOffshoring: Why Venture Capital-Backed Businesses Stay at Home\u201d(2009) in Audretsch, D. B., R. Litan and R. Strom, Entrepreneurship and Openness<\/em>, Cheltenham, UK and Northampton, MA, USA: Edward Elgar. (Based on July 20, 2007 working paper<\/a>.)<\/p>\n\n\n\n

With Carl Schramm, \u201cPhelps\u2019s Prize\u201d<\/a> Jan 29, 2007. The Wall Street Journal <\/em>p. A16<\/p>\n\n\n\n

With Edmund S. Phelps, \u201cMerkantilismus im Reich der Mitte<\/a>\u201d Frankfurter Allgemeine Zeitung <\/em>22 July 2006, Nr. 168 p. 13<\/p>\n\n\n\n

\u201cHow Novelty Aversion Affects Financing Options\u201d<\/a>(2006). Capitalism and Society: Vol<\/em>. 1 No. 1, Article 1. (Accompanying discussion by Robert Solow<\/a>.)<\/p>\n\n\n\n

With Edmund S. Phelps, \u201cClassical Theory versus the Real World\u201d<\/a> July 25, 2005. The Wall Street Journal <\/em>p. A14<\/p>\n\n\n\n

\u201cNon-destructive creation: How entrepreneurship sustains development\u201d in The Emergence of Entrepreneurial Economics, G.T. Vinig, R. van der Voort eds., Elsevier Science: Amsterdam (based on a lecture given at the Royal Society of Arts, London on the 17th<\/sup> of November 2004)<\/a><\/p>\n\n\n\n

\u201cWhat Role for Entrepreneurship in India?\u201d<\/a> November 2004. mimeo<\/p>\n\n\n\n

\u201cTax and Spend, Please\u201d <\/a>Project Syndicate<\/em>, November 2004 (Unabridged version)<\/a><\/p>\n\n\n\n

Entrepreneurship and Venture Capital: Topics in Corporate Finance.<\/em><\/a> (9) 2004. Amsterdam, Netherlands: Amsterdam Center
for Corporate Finance.<\/p>\n\n\n\n

\u201cMore, bigger faster\u201d<\/a> Across the Board<\/em>, September-October 2004 (based on Oct 2003 Working Paper, \u201cHard-headed optimism about globalization\u201d<\/a>)<\/p>\n\n\n\n

\u201cMissing the true significance of outsourcing\u201d<\/a> Asian Wall Street Journal<\/em>, June 23, 2004.<\/p>\n\n\n\n

\u201cThe global economics of desire\u201d <\/a>Project Syndicate<\/em> February 2004<\/p>\n\n\n\n

\u201cTaking Care: How Concerns about Prior Knowledge Affect the Financing of Novel Projects\u201d Working paper, November 2000 (rev. Oct. 2003) http:\/\/ssrn.com\/abstract=281687<\/a><\/p>\n\n\n\n

\u201cBuilding the Professional Firm: McKinsey & Co.: 1939-1968.\u201d (2002) International Journal of Entrepreneurship Education<\/em> (prev. Working
Paper 95-010 Harvard Business School: 1996<\/a>.)<\/p>\n\n\n\n

\u201cBusiness as usual after boom and bust.\u201d Financial Times<\/em> July 9, 2001, Mastering Investment series<\/p>\n\n\n\n

\u201cDavid and Goliath, Reconsidered,\u201d Harvard Business Review<\/em>, V 78, N 5, pp. 26-27, September-October 2000<\/p>\n\n\n\n

\u201cWill the real entrepreneur please stand up?\u201d Wall Street Journal Europe<\/em> August 7, 2000<\/p>\n\n\n\n

\u201cThe art of overcoming those first-contract nerves,\u201d Financial Times<\/em>, April 25, 2000<\/p>\n\n\n\n

\u201cThe Questions Every Entrepreneur Must Answer<\/a>,\u201d Harvard Business Review<\/em>, V 73, N 6, pp. 120-130, November-December 1996.<\/p>\n\n\n\n

\u201cFair Stock Markets:  The Hidden Cost,\u201d The New York Times<\/em>, January 22, 1995.<\/p>\n\n\n\n

\u201cHigh cost of liquidity,\u201d Financial Times<\/em>, December 13, 1994.<\/p>\n\n\n\n

\u201cEfficient Markets, Deficient Governance,\u201d Harvard Business Review<\/em>, V 72, N 6:  pp. 129-139, November-December 1994.<\/p>\n\n\n\n

\u201cThe hidden costs of investor protection: lessons from the US,\u201d Royal Society of Arts Journal<\/em>, V CXLII, N 5452, July 1994: pp. 27-34. (from a lecture delivered to the Royal Society of Arts, London, April 13, 1994)<\/p>\n\n\n\n

\u201cHow Entrepreneurs Craft Strategies That Work<\/a>,\u201d Harvard Business Review<\/em>, V 72, N 2:  pp. 150-161, March-April 1994.<\/p>\n\n\n\n

\u201cReturn to Judgment,\u201d Journal of Portfolio Management<\/em>, V 20, N 2:  pp. 19-25, Winter 1994.<\/p>\n\n\n\n

\u201cClinton Business Plan:  Help Unwanted.\u201d  The New York Times<\/em>, May 9, 1993, p F11.<\/p>\n\n\n\n

\u201cThe Hidden Costs of Stock Market Liquidity,\u201d Journal of Financial Economics<\/em>, V 34, 1993: pp. 31-51.<\/p>\n\n\n\n

\u201cBootstrap Finance: The Art of Start-ups<\/a>,\u201d Harvard Business Review<\/em>, V 70, N 66, November-December 1992: pp. 109-117.<\/p>\n\n\n\n

With Howard Stevenson, \u201cTrust, Uncertainty, and Profit,\u201d Journal of Socio-Economics<\/em>, V 21, N 3: pp. 191-208, Fall 1992.  Won award at the IAREP\/SASE (International Association for Research in Economic Psychology\/Society for the Advancement of Socio-Economics) Conference, Stockholm, June 1991.<\/p>\n\n\n\n

\u201cReversing Corporate Diversification,\u201d Journal of Applied Corporate Finance<\/em>, V 3, N 2: pp. 70-81, September 1990.<\/p>\n\n\n\n

With Howard Stevenson, \u201cWhy Be Honest if Honesty Doesn\u2019t Pay,\u201d Harvard Business Review, V 68, N<\/em> 5: pp. 121-129, September-October 1990.<\/p>\n\n\n\n

\u201cIn Praise of Corporate Raiders,\u201d Policy Review<\/em>, The Heritage Foundation, N 47: pp. 21-23, Winter 1989.<\/p>\n\n\n\n

\u201cThe Causes and Consequences of Hostile Takeovers,\u201d Journal of Applied Corporate Finance<\/em>, V 2, N 2: pp. 36-59, Summer 1989.<\/p>\n\n\n\n

\u201cWhy Not Leverage Your Company to the Hilt?,\u201d Harvard Business Review<\/em>, V 66, N 3:  pp. 92-98, May-June 1988.<\/p>\n\n\n\n

With Howard Stevenson, \u201cEmployment versus Sub-Contracting:  The Real Trade-Offs,\u201d Harvard Business School Working Paper 88-046, l988.<\/p>\n\n\n\n

\u201cHustle as Strategy,\u201d Harvard Business Review<\/em>, V 64, N 5: pp. 59-65, September-October 1986.<\/p>\n\n\n\n

\u201cNot Just a Fast-Buck Craving; What\u2019s Driving MBA\u2019s to Wall Street,\u201d New York Times<\/em>, July 27, 1986.<\/p>\n\n\n\n

\u201cBeyond Keynes: Demand Side Economics,\u201d Harvard Business Review<\/em>, V 6, N 4:  pp. 100-110, July-August 1983.<\/p>\n\n\n\n

\u201cJapan\u2019s \u2018Liberalized\u2019 Capital Market Is No Boon to Foreign Competitors,\u201d The Los Angeles Times<\/em>, July 15, 1984.<\/p>\n\n\n\n

\u201cFinding Economic Formulas for the Third World,\u201d (book review) The Wall Street Journal<\/em>, March 22, 1983.<\/p>\n\n\n\n

\u201cIndia\u2019s Conflict Between Dirigisme and Democracy,\u201d The Wall Street Journal<\/em>, May 17, 1982.<\/p>\n\n\n\n

\u201cLooking at how managers work with workers,\u201d (book review) The Wall Street Journal<\/em>, October 20, 1981.<\/p>\n\n\n\n

With Tino Puri \u201cExchange Rates:  Floating Does It Better,\u201d The Wall Street Journal<\/em>, September 22, 1981.<\/p>\n\n\n\n

With Tino Puri \u201cThe Crucial Weaknesses of Japan Inc.,\u201d The Wall Street Journal<\/em>, June 8, 1981.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cUncertainty and Enterprise: Synopsis and Further Thoughts,\u201d Critical Review, 37:1, 120-166, DOI: 10.1080\/08913811.2025.2520016 \u201cTariffs Won\u2019t Break the Economy. Corporate Shakedowns<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":1407,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/page-builder.php","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-1636","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/bhide.net\/wordpress_files\/index.php\/wp-json\/wp\/v2\/pages\/1636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bhide.net\/wordpress_files\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/bhide.net\/wordpress_files\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/bhide.net\/wordpress_files\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bhide.net\/wordpress_files\/index.php\/wp-json\/wp\/v2\/comments?post=1636"}],"version-history":[{"count":3,"href":"https:\/\/bhide.net\/wordpress_files\/index.php\/wp-json\/wp\/v2\/pages\/1636\/revisions"}],"predecessor-version":[{"id":3442,"href":"https:\/\/bhide.net\/wordpress_files\/index.php\/wp-json\/wp\/v2\/pages\/1636\/revisions\/3442"}],"up":[{"embeddable":true,"href":"https:\/\/bhide.net\/wordpress_files\/index.php\/wp-json\/wp\/v2\/pages\/1407"}],"wp:attachment":[{"href":"https:\/\/bhide.net\/wordpress_files\/index.php\/wp-json\/wp\/v2\/media?parent=1636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}