Another Fine Mess

Too much unproven theory, too little common sense. That, as Amar Bhidé argues in articles, books and Wall Street Journal opinion pieces, is the scourge of modern economies. Bhidé, who recently came to the Fletcher School from Columbia to become the Thomas Schmidheiny Professor of International Business, warns that a reliance on abstract theories and mathematical models worldwide is undermining the ability of capitalism to generate jobs, new businesses and economic stability.