Background
Maital, Shlomo was born on November 10, 1942 in Regina, Saskatchewan, Canada. Arrived in Israel, 1967. Son of Morris and Sally (Fages) Malt.
(This book provides business leaders, managers, and consul...)
This book provides business leaders, managers, and consultants with tools that help strategize the future along with illuminating the past. It is an attempt to show how independent-thinking managers, using basic economic tools, can track the three elements that together drive the world's complex and somewhat unstable economic system―minds, markets, and money. Once they understand these three elements, they can transform global risk into business opportunities. Taking the global economic crisis as the background, the book illustrates how managers can identify the early signs of future crises. Written in an anecdotal style, the book is packed with case studies covering major episodes of risk and crisis.
http://www.amazon.com/gp/product/8132104439/?tag=2022091-20
(What do economists know that business executives find use...)
What do economists know that business executives find useful? Economics ought to be indispensable for business decision-makers because it deals with the issues executives face daily: what to pro duce, how and how much, at what price, how best to use resources (time, labor, capital), how to understand markets. Why, then, do managers often think that economists' theories are ivory-tower and impractical? Perhaps because most economics texts are mystifying, jargon-rid den, and written from every perspective except that of the line manager. In Executive Economics: Ten Essential Tools for Managers, Shlomo Maital brings economics down to earth, back to the hard day-to-day decisions that executives have to make. He shows how all decisions can be organized around two key questions: What is it worth? What must I give up to get it? Answering these questions depends upon finding and maintaining the right relation in the "triangle of profit" -- cost, price, and value. Each of Executive Economics ten chapters focuses on one or more legs of the triangle of profit, defines a decision tool, and illustrates how it can be used to improve the quality of executive decisions. Drawing on recent examples from both Fortune 500 firms and smaller companies, Maital shows why economics main contribution is to deepen executives' understanding of the structure of their costs, and to explain why some of a business's highest expenses are those that never appear on a check stub or in a profit-and-loss statement. Executive Economics is written for executives, about executives, and by an author who has both taught executives at MIT's Sloan School of Management for over a decade and served as a consultant to small and large businesses. It is must reading for executives who need simple, effective decision-making tools to give them an edge in today's competitive global economy.
http://www.amazon.com/gp/product/1451631596/?tag=2022091-20
Maital, Shlomo was born on November 10, 1942 in Regina, Saskatchewan, Canada. Arrived in Israel, 1967. Son of Morris and Sally (Fages) Malt.
Bachelor with honors, Queen's University, Kingston, Canada, 1963. Master of Arts, Queen's University, Kingston, Canada, 1964. Master of Arts in Economics, University Manchester, United Kingdom, 1965.
Doctor of Philosophy, Princeton University, 1967.
Lector Economics, Tel Aviv University, 1967-1979. Visiting Lector, Woodrow Wilson School of Public & Intematational Affairs, Princeton University, 1977-1980. Visiting Professor, Applied Economics, Sloan School Management, Massachusetts Institute of Technology, Cambridge, Mass., USA, 1984.
Association Professor of Economics, Technion-Israel Institute, Institution Technology, Haifa, Israel, since 1979. Editorial Board, Public Fin Quarterly.
(What do economists know that business executives find use...)
(This book provides business leaders, managers, and consul...)
As a young lecturer, I became dissatisfied with the dry, technical material that I both wrote and taught. I felt that human behaviour was largely absent. My wife, a school psychologist, helped me figure out how people could be reintroduced into economic theory.
We began by writing an article on what psychologists call ‘ability to defer gratification’ (in economic jargon, time preference), in
This article led to a decision to write a book on the psychological foundations of economic behaviour, which would analyse each aspect of economic decision-making (consumption, saving, investing, risk-taking, labour supply, productivity, tax evasion, etc.) from the vantage point of social psychology. This ultimately became Minds, Markets & Money. This book tried to show how both the models and methods of psychology could be extremely useful in understanding both microeconomics — individual behaviour — and macroeconomics — the national economy — and in particular, could help us link micro and macro in an integrated manner.
Recently I have been trying to reverse
my original causal arrow, asking not what psychology can contribute to economics, but what economics might contribute to a synthesis of all the social sciences, including psychology and sociology.
The vehicle I chose for this was game theory. Economic Games People Play (written with my wife, Sharone, as co-author), analyses economic games played by individuals, families, small and large groups, and entire nations, and uses psychology to understand how people behave in game situations (as opposed to how mathematicians think they ought to behave). Our study led us to the claim that a new social contract must be constructed.
We contend that much mischief is wrought by the social norm of competitive behaviour. When society plays non-zerosum games, in which large positive increments accrue to co-operative behaviour, competitive behaviour causes waste and harm. Such behaviour is unlikely to change unless a wide consensus to alter it can be built by means of a social contract.
Our current research involves canvassing business and labour leaders to determine how such a consensus can best be constructed in both the United States and Canada, as well as in our home country, Israel.
Director National Planning Authority, Ministry of Jerusalem Economics, 1987-1988. Academy officer Israel Navy Reserve, 1980-1994.
Married Sharone Levow, June 25, 1967. Children: Temira, Ronen, Yochai, Noam.