Uncertainty and Enterprise: Venturing Beyond the Known<\/a>.<\/em> Oxford University Press (2025)<\/p>\r\n A Call for Judgment: Sensible Finance\u00a0for a Dynamic Economy<\/a>:<\/em> Oxford University Press (2010)<\/p>\r\n\r\n\r\n\r\n The Venturesome Economy: How\u00a0Innovation Sustains Prosperity in a More Connected World<\/em><\/a> Princeton\u00a0University Press (2008)<\/p>\r\n\r\n\r\n\r\n The Origin and Evolution of New Businesses. <\/em><\/a>Oxford University\u00a0Press: January 2000. (Spanish\u00a0translation<\/a> 2001, paperback<\/a>\u00a02003, Chinese translation 2005)<\/p>\r\n\r\n\r\n\r\n Of Politics and Economic Reality.<\/a>\u00a0<\/em>Basic Books, New York:\u00a0September 1984.<\/p>\r\n\r\n\r\n\r\n Stevenson, H.H., Grousbeck, H.I., Roberts, M.J.,\u00a0and Bhide, A.V.,\u00a0New\u00a0Business Ventures and The Entrepreneur<\/em>,<\/a>\u00a05th ed. Burr Ridge, IL: Irwin\/McGraw-Hill, 1999.<\/p>\r\n\r\n\r\n\r\n Sahlman, W.A., Stevenson, H.H., Roberts, M. J., and\u00a0Bhide, A.V., The Entrepreneurial Venture<\/em>,<\/a>\u00a0Boston, MA: Harvard Business School\u00a0Press, 1999.<\/p>\r\n\r\n\r\n\r\n \u201cIt’s Time to Unleash the Public Markets.\u201d<\/a> Barron\u2019s<\/em> January 2, 2026<\/p>\r\n \u201cUncertainty and Enterprise: Synopsis and Further Thoughts,\u201d<\/a> Critical Review<\/em>, 37:1, 120-166, DOI: 10.1080\/08913811.2025.2520016<\/p>\r\n \u201cTariffs Won\u2019t Break the Economy. Corporate Shakedowns Might.\u201d<\/a> Barron\u2019s<\/em> August 23, 2025<\/p>\r\n “Universities Won\u2019t Like What It Would Take to Truly Say No to Trump<\/a> ” Barron’s<\/em> April 15 2025<\/p>\r\n \u201cIs DeepSeek Really a Threat<\/a>\u201d Project Syndicate<\/em> April 10, 2024<\/p>\r\n “AI Can’t Live Up to the Market’s Expectations<\/a>” Barron’s<\/em> September 15 2024<\/p>\r\n \u201cThe Boring Truth About AI<\/a>\u201d Project Syndicate<\/em> January 30, 2025<\/p>\r\n \u201cEntrepreneurial Specialization: How Subjective (\u201cKnightian) Uncertainty Matters\u201d<\/a> Working paper, December 2021<\/p>\r\n\r\n\r\n\r\n \u201cThe Selective Sovietization of American Capitalism<\/a>\u201d Project Syndicate<\/em> December 31, 2021<\/p>\r\n\r\n\r\n\r\n \u201cRenewing Knightian Uncertainty: A Pragmatic Prospectus and Demonstration.\u201d <\/a>Harvard Business School Working Paper, No. 21-129, June 2021<\/p>\r\n\r\n\r\n\r\n \u201cCapitalism Won\u2019t Thrive on Value Investing Alone.\u201d<\/a> Harvard Business Review Digital Articles<\/em> (June 1, 2021).<\/p>\r\n\r\n\r\n\r\n \u201cMaking Economics More Useful: How Technological Eclecticism Could Help.\u201d\u00a0<\/a>\u00a0Journal of Applied Corporate Finance<\/em>\u00a033, no. 1 (Winter 2021): 122\u2013133. (Adapted from Applied Economics<\/em> article below).<\/p>\r\n\r\n\r\n\r\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>\r\n\r\n\r\n\r\n \u201cMaking Economics More Useful: How Technological Eclecticism Could Help.\u201d Applied Economics<\/em>, 52:26,2862-2881, DOI: 10.1080\/00036846.2019.1696939. \u00a0Available at SSRN: https:\/\/ssrn.com\/abstract=3031221<\/a><\/p>\r\n\r\n\r\n\r\n \u201cNote on Productive Knowledge.\u201d\u00a0<\/a>\u00a0Harvard Business School Working Paper, No. 21-010, July 2020. (Revised April 2021.)\u00a0<\/p>\r\n\r\n\r\n\r\n With Leif Pagrosky, 2020, \u201cSeparated By A Common Infection<\/a>\u201d Think Global Health (<\/em>published by the Council on Foreign Relations) <\/em>May 6, 2020<\/p>\r\n\r\n\r\n\r\n \u201cMurky Data Calls Into Question Quarantine Strategy<\/a>\u201d\u00a0Financial Times\u00a0<\/em>March 25, 2020<\/p>\r\n\r\n\r\n\r\n \u201cTo Make Banks Stable, End, Don\u2019t Mend, the Repo Market<\/a>\u201d 2019. Wall Street Journal<\/em>. October 2, 2019<\/p>\r\n\r\n\r\n With Srikant M. Datar.\u00a0\u201cFecal Microbiota Transplants (FMT)\u201d\u00a0<\/a> Harvard Business School Working Paper, No. 21-132, June 2021<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant M. Datar.\u00a0\u201cChimeric Antigen Receptor (CAR) T-Cell Therapy.\u201d\u00a0<\/a>\u00a0Harvard Business School Working Paper, No. 21-034, August 2020.<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant Datar, and Katherine Stebbins.\u00a0\u201cCephalosporins.\u201d<\/a>\u00a0Harvard Business School Working Paper, No. 20-133, July 2020. (Revised June 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant Datar, and Katherine Stebbins.\u00a0\u201cTamoxifen.\u201d\u00a0<\/a> \u00a0Harvard Business School Working Paper, No. 20-134, July 2020. (Revised June 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant M. Datar, and Katherine Stebbins. \u201cSSRIs and Non-SSRIs: (Prozac<\/a>).\u201d Harvard Business School Working Paper, No. 20-135, July 2020. (Revised June 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant Datar and Fabio Villa \u201cCoronary Artery Bypass Grafting<\/a>.\u201d Harvard Business School Working Paper, No. 20-010, July 2019. (Revised June 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant Datar and Katherine Stebbins \u201cUltrasound.\u201d<\/a> Harvard Business School Working Paper, No. 20-003, July 2019. (Revised June 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant Datar and Katherine Stebbins. \u201cMagnetic Resonance Imaging.\u201d<\/a> Harvard Business School Working Paper, No. 20-001, July 2019. (Revised July 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant M. Datar and Katherine Stebbins. \u201cMammography.\u201d<\/a> Harvard Business School Working Paper, No. 20-002, July 2019. (Revised June 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Caitlin N. Bowler, and Srikant M. Datar. \u201cLaparoscopy<\/a>.\u201d Harvard Business School Working Paper, No. 20-008, July 2019. (Revised June 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant M. Datar, and Katherine Stebbins. \u201cHIV Tests and AIDS Treatments<\/a>\u201d Harvard Business School Working Paper, No. 20-007, July 2019. (Revised June 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant M. Datar, and Katherine Stebbins. \u201cEradicating Helicobacter Pylori Infections to Treat Ulcers<\/a>.\u201d Harvard Business School Working Paper, No. 20-006, July 2019. (Revised June 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant M. Datar and Katherine Stebbins. \u201cGastrointestinal Endoscopy<\/a>.\u201d Harvard Business School Working Paper, No. 20-005, July 2019. (Revised June 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n With Srikant M. Datar and Katherine Stebbins. \u201cComputed Tomography<\/a>.\u201d Harvard Business School Working Paper, No. 20-004, July 2019. (Revised June 2021.)<\/span><\/p>\r\n \r\n\r\n<\/span><\/p>\r\n \u201cCongress Should Set the Fed\u2019s Inflation Target\u2014Ideally at Zero.\u201d<\/a> 2018. Wall Street Journal<\/em>. November 7, 2018<\/p>\r\n\r\n\r\n\r\n \u201cSkepticism Beats Snopes as an Antidote to Fake News.\u201d<\/a> 2018. Wall Street Journal<\/em>. June 8, 2018<\/p>\r\n\r\n\r\n\r\n \u201cCorralling the Info-Monopolists<\/a>\u201d Project Syndicate<\/em> May 14, 2018<\/p>\r\n\r\n\r\n\r\n \u201cWhy We Need Traditional Banking<\/a>\u201d National Affairs<\/em> Winter 2018 pp. 78-92<\/p>\r\n\r\n\r\n\r\n \u201cFormulaic Transparency: The Hidden Enabler of Exceptional U.S. Securitization\u201d<\/a>(2017) Journal\u00a0of Applied Corporate Finance<\/em> Vol 29. No. 4 pp.96-111<\/p>\r\n\r\n\r\n\r\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>\r\n\r\n\r\n\r\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>\r\n\r\n\r\n\r\n Equifax Critics Are Missing the Bigger Point<\/a>. 2017. Wall Street Journal<\/em>. September 13, 2017<\/p>\r\n\r\n\r\n\r\n \u201cEasy money is a dangerous cure for a debt hangover<\/a>.\u201d 2016. Financial Times<\/em> August 17, 2016<\/p>\r\n\r\n\r\n\r\n \u201cWhen it comes to ISIL Europe is repeating the sins of its fathers\u201d<\/a>\u00a0 Quartz<\/em> January 7, 2016<\/p>\r\n\r\n\r\n\r\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>\r\n\r\n\r\n\r\n Third World in the First World<\/a> Politico \u2013 Europe<\/em> online July 3, 2015<\/p>\r\n\r\n\r\n\r\n On the Increasing Centralization of US Money and Credit<\/a>. June 2015. Center on Capitalism and Society Working Paper No. 86.<\/p>\r\n\r\n\r\n\r\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>\r\n\r\n\r\n\r\n Support for Free Speech Is Not Support for More Surveillance<\/a>, 2015. January 22, 2015, Washington Monthly <\/em>on-line<\/p>\r\n\r\n\r\n\r\n \u201cProfits Don\u2019t Create Inequality\u201d<\/a> 2014 Barron\u2019s <\/em>November 22, 2014<\/p>\r\n\r\n\r\n\r\n With Pankaj Ghemawat, \u201cClay Christensen\u2019s theories are great for entrepreneurs, but not executives\u201d<\/a> Quartz\u00a0 <\/em>October 9, 2014<\/p>\r\n\r\n\r\n\r\n \u201cDon\u2019t believe brokers, the government, or Piketty\u201d<\/a> Quartz<\/em> May 31, 2014<\/p>\r\n\r\n\r\n\r\n \u201cA Law Unto Themselves\u201d<\/a> City Journal<\/em> January 30, 2014<\/p>\r\n\r\n\r\n\r\n \u201cRe-Decentralizing\u00a0the Fed\u201d <\/a>Project Syndicate<\/em> October 9, 2013<\/p>\r\n\r\n\r\n\r\n \u201cWanted:\u00a0A Boring Leader for the Fed\u201d<\/a> New York\u00a0Times <\/em>August 21, 2013 p A23<\/p>\r\n\r\n\r\n\r\n With Edmund Phelps, \u201cCentral\u00a0Banking Needs Rethinking\u201d<\/a> Wall Street\u00a0Journal <\/em>July 16, 2013, page A15<\/p>\r\n\r\n\r\n\r\n \u201cSkinned\u00a0in the Game\u201d<\/a> Barrons\u00a0<\/em>June 23, 2012<\/p>\r\n\r\n\r\n\r\n With Christopher Papagianis \u201cTo\u00a0Save Money-Market Mutual Funds, Scrap Them\u201d<\/a> Bloomberg.com June 13, 2012<\/p>\r\n\r\n\r\n\r\n \u201cIn\u00a0Praise of the Beleaguered Euro\u201d<\/a> (2012) Wall\u00a0Street Journal<\/em> May 8, 2012 A13<\/p>\r\n\r\n\r\n\r\n \u201cDebt\u00a0Reckoning for Europe\u201d <\/a>Project Syndicate<\/em> April 2012<\/p>\r\n\r\n\r\n\r\n \u201cBring\u00a0Back Boring Banks\u201d<\/a> (2012) New York\u00a0Times<\/em> January 4, 2012 p. A23<\/p>\r\n\r\n\r\n\r\n \u201cMessy\u00a0Government is a must for modern America\u201d<\/a> (2011) Financial Times<\/em> October 6, 2011 p.9<\/p>\r\n\r\n\r\n\r\n \u201cThe\u00a0Indeterminate 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>\r\n\r\n\r\n\r\n With Edmund S. Phelps, \u201cThe Root of\u00a0All Sovereign-Debt Crises\u201d <\/a>Project\u00a0Syndicate<\/em> August 2011<\/p>\r\n\r\n\r\n\r\n With Edmund S. Phelps, \u201cMore\u00a0Harm Than Good\u201d<\/a> Newsweek <\/em>July 11, 2011<\/p>\r\n\r\n\r\n\r\n \u201cBank\u00a0Regulation\u2019s Capital Mistake\u201d<\/a> Project\u00a0Syndicate<\/em> July 2011<\/p>\r\n\r\n\r\n\r\n \u201cThe\u00a0Upside of Spending\u201d<\/a> New York Times\u00a0<\/em>Opinion February 8, 2011<\/p>\r\n\r\n\r\n\r\n \u201cVenturesome\u00a0Consumption, Innovation and Globalization\u201d (2011) in Perspectives on the Performance of the Continent\u2019s Economies<\/em>, \u201cTo\u00a0fix our banks we must go back to the 70s<\/a>\u201d (2011) Financial Times<\/em> January 10, 2011 p.9<\/p>\r\n\r\n\r\n\r\n \u201cVenturesome Consumption, Innovation and Globalization<\/a>\u201d\u00a0(2011) in Perspectives on the Performance\u00a0of the Continent\u2019s Economies<\/em>, (eds.) Phelps, Edmund S. and Hans-Werner\u00a0Sinn, Cambridge, MIT Press.<\/p>\r\n\r\n\r\n\r\n \u201cFinancing the venturesome economy\u201d 2011. in Innovation: How Europe Can Take Off <\/a><\/em>\u00a0(eds.) Philip Whyte and Simon Tilford, London: Center for European Reform<\/p>\r\n\r\n\r\n\r\nArticles, Working Papers & Book Chapters<\/h4>\r\n\r\n\r\n\r\n
\r\n\r\n\r\nWorking papers on Medical Advances<\/h4>\r\n\r\n\r\n\r\n
\r\n
(eds.) Phelps, Edmund S. and Hans-Werner Sinn, Cambridge, MIT Press.<\/p>\r\n\r\n\r\n\r\n