This article considers a hypothetical corporate decision that will generate $5 million of profit today but result in the loss of one human life in ten years. This example is not abstract; corporations in a range of businesses engage in decisions and oversight that affect risk to human life:...

Finance is a key milestone for AI. Imagine coming back from vacation and talking to your virtual assistant about your investment portfolio and wondering how she does it, quarter after quarter, year after year. Managing money is the real test for human AI. It has to talk, it has to think, it has...

The structural transformation of the Indian economy from agriculture (primary sector) dominated to one led by the services sector (tertiary sector), bypassing the intermediate stage of manufacturing (secondary sector) led growth, offers an alternative to conventional theories of economic...

India’s series of economic reforms since 1991 have accelerated the growth but not the productivity. Productivity in the past many decades remained stagnant or not improved at pace to its peers. There are several ways and means to measure the productivity. Productivity is defined differently by...

We study the impact of risky human capital in life-cycle portfolio choice and survey the academic literature on the optimal asset allocation over the individual's life-cycle. A distinction is made between the riskless conception of human capital as having bond-like characteristics, and the risky...

In this paper we review the challenges to the current economic system, and proceed by presenting two competing paradigms- the economistic and the humanistic paradigm of business. We then develop the consequences of the humanistic view for the theory of the firm and the practice of the firm. We...