Archive for December 9th, 2011

Are Creative People More Dishonest?

December 9, 2011

Yes says Francesca Gino of  HBS and  Dan Ariely of Duke University in this paper. Here is a review in HBS newsletter.

In his 1641 treatise, Meditations on First Philosophy, philosopher René Descartes introduced the concept of an “evil genius,” a powerful force of nature who is equally clever and deceitful. Since then, the world has given us plenty of examples—Hannibal Lecter in The Silence of the Lambs, fictional Wall Street villain Gordon Gekko, and real-life Wall Street villain Bernie Madoff, to name a few. Not only were these classic bad guys unquestionably unethical, but all were inarguably creative in carrying out their bad behavior as well. Indeed, it’s rare to hear anyone described as both evil and unoriginal. 

This raises a question: Is there a link between creativity and unethical behavior?

There certainly is, according to an article in a forthcoming issue of the Journal of Personality and Social Psychology. In “The Dark Side of Creativity: Original Thinkers Can Be More Dishonest,” the authors report that inherently creative people tend to cheat more than noncreative types. Furthermore, they show that inducing creative behavior tends to induce unethical behavior.

What are the implications? Well creativity is not a necesssary good. Companies need to be careful while encouraging it..Finance industry knows all this too well..

 

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Hoe Keynes persuaded others using radio broadcasts on BBC

December 9, 2011

There is a new book by Donald Moggridge of Univ of Toronto, a noted Keynes historian called – Keynes on the Wireless. The book summarises all the 21 radio broadcasts made by the econ giant in his time.

Here is a review of the book by Wade E. Shilts of  Luther College. (This needs to be mentioned – His research focuses upon the economics of listening.  His current work-in-progress, Barriers of Faith: Scalability, Listening and the Real Challenges Facing Higher Education in an Anarchic World, focuses on the challenges of teaching “economics for citizenship” to undergraduates.)

Now the book review:

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Ten Years of Fragile States: What Have We Learned?

December 9, 2011

Laurence Chandy of Brookings reflects on this issue here.

Well it has been 10 years since World Bank established a taskforce to examine how  we should approach fragile states. The project became special post 11th Sep 2001 terrorist attacks, as Western governments awoke to the threats posed by weak and unstable countries, and expressed a new willingness to engage with them.

The taskforce was led by Paul Collier and Ngozi Okonjo-Iweala, then two of the World Bank’s leading lights and today considered among the world’s foremost development experts. Their report had a profound influence both in shaping how fragility is perceived through a development lens and in defining the emerging fragile states paradigm.

So what are the changes since then? Chandy points to three areas:

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Guest Post- an economist reviewing a Bollywood (Hindi) movie

December 9, 2011

Aurodeep Nandi, a friend who is an economist with AV Birla group saw this Hindi movie called Desi Boys.

He sent me his review which was so funny that I requested him to put this on my blog as a guest post .As the movie has the leading actress as an economics professor at Trinity College, UK it has a strong economics connection as well.

So here  goes THE DESI BOYZ ECONOMICS TUTORIAL By Aurodeep Nandi:

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