EF2: The Economic Importance of Good Management

Show notes: http://ide.mit.edu/news-events-media/podcasts/ef2-economic-importance-good-management

John Van Reenen, Professor of Economics and Director of the Center for Economic Performance at the London School of Economics, joins us to discuss the economics of management, productivity, and information technology. Listen to this episode if you want to learn about how economists think about measuring management quality. We discuss the latest evidence the causal effects of "modern" management on productivity and worker satisfaction. We then move onto to the big picture questions regarding whether management explains cross-country differences in outcomes. Furthermore, we talk about interesting differences between how American and European firms have adopted to information technology and why this matters. We also touch upon how economics research has changed over time and whether the increasing access of managers to information will make the world a better place.