James Surowiecki
James Surowiecki
James Michael Surowieckiis an American journalist. He is a staff writer at The New Yorker, where he writes a regular column on business and finance called "The Financial Page"...
NationalityAmerican
ProfessionJournalist
CountryUnited States of America
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The ban on sports betting does exactly what Prohibition did. It makes criminals rich.
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There does seem to be some evidence that as people get older, they procrastinate less, perhaps because they feel the pressure of time more.
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The truth is that the United States doesn't need, and shouldn't have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one.
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What the investment community does like is short-term measures designed to boost share prices.
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The stock market has an insidious effect on C.E.O.s' moods, because of its impact not just on their companies but on their own bank accounts.
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Discussions of health care in the U.S. usually focus on insurance companies, but, whatever their problems, they're not the main driver of health-care inflation: providers are.
You can't be rich unless everyone else agrees that you're rich.
capital excellent human
The U.S. is excellent at importing cheap products from the rest of the world. Let's try importing some human capital instead.
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The problem with venality in business is that getting outraged about it makes it easy to miss the systemic problems that venality often disguises.
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Workers who come to the U.S. see their wages and their standard of living boosted sharply simply by crossing the border. That's a good thing, and one of the best arguments for immigration reform, even if you'll rarely hear a politician make it.
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You might say that economic history is the history of people learning to manage risk.
Republicans like to indict Democrats as anti-corporate zealots.
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For most Americans, work is central to their experience of the world, and the corporation is one of the fundamental institutions of American life, with an enormous impact, for good and ill, on how we live, think, and feel.
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Steve Jobs was rare: a C.E.O. who actually had a huge impact on his company's fortunes. Contrary to corporate mythology, most C.E.O.s could be easily replaced, if not by your average Joe, then by your average executive vice-president. But Jobs genuinely earned the label of superstar.