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
years facts financial
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.
art rewards financial
Art collecting has traditionally been the domain of wealthy individuals in search of rewards beyond the purely financial.
greed financial moments
It's a familiar truism that at any one moment, financial markets are dominated by either fear or greed. But the healthiest markets are those that are animated by both fear and greed at the same time.
companies effect insidious stock
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.
care driver health insurance main providers whatever
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.
business miss outraged
The problem with venality in business is that getting outraged about it makes it easy to miss the systemic problems that venality often disguises.
best crossing good hear politician rarely simply standard wages workers
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.
economic history learning manage might people
You might say that economic history is the history of people learning to manage risk.
Republicans like to indict Democrats as anti-corporate zealots.
central enormous experience good life work
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.
average contrary corporate earned easily executive genuinely huge jobs label steve
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.
business follows
In some respects, the video-game business is a lot like the razor business, which follows a simple model: Give away the razor, gouge 'em on the price of the blades.