Amar V Bhidé

Publications


Books

A Call for Judgment: Sensible Finance for a Dynamic Economy: Oxford University Press (2010)

The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World Princeton University Press (2008)

The Origin and Evolution of New Businesses.  Oxford University Press: January 2000. (Spanish translation2001, paperback 2003, Chinese translation 2005)

Of Politics and Economic Reality.  Basic Books, New York:  September 1984.

Stevenson, H.H., Grousbeck, H.I., Roberts, M.J., and Bhide, A.V., New Business Ventures and The Entrepreneur, 5th ed. Burr Ridge, IL: Irwin/McGraw-Hill, 1999.

Sahlman, W.A., Stevenson, H.H., Roberts, M. J., and Bhide, A.V., The Entrepreneurial Venture, Boston, MA: Harvard Business School Press, 1999.

Monograph

Entrepreneurship and Venture Capital: Topics in Corporate Finance. (9)  2004. Amsterdam, Netherlands: Amsterdam Center for Corporate Finance. 

Dissertation

"The Causes and Consequences of Hostile Takeovers."  Doctor of Business Administration.  Harvard University: 1988.

Articles, Working Papers and book chapters

“The Hidden Costs and Underpinnings of Debt Market Liquidity” January 25, 2013; rev. Nov 2013Available at SSRN: http://ssrn.com/abstract=2206996

 

“Re-Decentralizing the Fed”  Project Syndicate April 2012

 

“Wanted: A Boring Leader for the Fed” New York Times August 21 2013 p A23

 

With Edmund Phelps, “Central Banking Needs Rethinking” Wall Street Journal July 16, 2013, page A15

 

 

“Skinned in the Game” Barrons June 23 2012

 

With Christopher Papagianis,  “To Save Money-Market Mutual Funds, Scrap Them” Bloomberg.com June 13 2012

 

“In Praise of the Beleaguered Euro” (2012) Wall Street Journal May 8 2012 A13

 

“Debt Reckoning for Europe”  Project Syndicate April 2012

 

Bring Back Boring Banks” (2012) New York Times January 4, 2012 p. A23

 

Messy Government is a must for modern America” (2011) Financial Times October 6, 2011 p.9

The Indeterminate Goodness of the Economy (and Life)” Comments at The Center on Capitalism and Society’s 9th Annual Conference on: “Philosophical Foundations of Economics and the Good Economy: Individual Values, Human Pursuits, Self-Realization and Becoming”

With Edmund S. Phelps, “The Root of All Sovereign-Debt Crises” Project Syndicate August 2011

With Edmund S. Phelps, “More Harm Than Good  Newsweek July 11, 2011

“Bank Regulation’s Capital Mistake” Project Syndicate July 2011

“The Upside of Spending” New York Times Opinion February 8 2011

Ants and Astronauts” (forthcoming) in Foundations for a Macroeconomics of the Modern Economy, (eds) Frydman, Roman and Edmund S. Phelps (eds.), Princeton University Press.

 

“Venturesome Consumption, Innovation and Globalization” (2011) in Perspectives on the Performance of the Continent’s Economies, (eds.) Phelps, Edmund S. and Hans-Werner Sinn, Cambridge, MIT Press.

 

To fix our banks we must go back to the 70s” (2011) Financial Times January 10, 2011 p.9

 

Ants and Astronauts” (forthcoming) in Foundations for a Macroeconomics of the Modern Economy, (eds) Frydman, Roman and Edmund S. Phelps (eds.), Princeton University Press.

 

“Venturesome Consumption, Innovation and Globalization” (2011) in Perspectives on the Performance of the Continent’s Economies, (eds.) Phelps, Edmund S. and Hans-Werner Sinn, Cambridge, MIT Press.

 

“The Trouble with Robo-Lending” (2010) Wall Street Journal November 13 2010 A11

 

“Don't Expect Much From the R&D Tax Credit” (2010) Wall Street Journal September 11 2010 A15

 

“The Judgment Deficit” (2010) Harvard Business Review Vol 88 No. 9 p.44-53

 

With Carl Schramm, “What’s Still Exceptional About America” The International Economy Fall 2009 p.44-45

 

“Let Bankers Be Bankers” Forbes.com September 25, 2009

 

Let’s Break up the Fed” (2009) Wall Street Journal  July 29, 2009 p. A15

 

An Accident Waiting to Happen” (2009) Critical Review 21(:2-3) 211-247

 

“The Elusive Underpinnings of U.S. Venturesomeness (if Not Prosperity)” (2009) Journal of Applied Corporate Finance Vol 21. No2  pp. 8-23

In Praise of More Primitive Finance  (2009)  The Economists' Voice: Vol. 6 : Iss. 3, Article 8.

The Venturesome Economy” (2009) Journal of Applied Corporate Finance Vol 21. No1 pp. 8-23

“You Can’t Rush a Recovery” (2009) Wall Street Journal, April 9, 2009 p. A15

“The Upside of the Worst of Times” New York Times Opinion March 18 2009

Consumers Can Still Spot Value in a Crisis” (2009) Wall Street Journal  March 12, 2009 p. A15

Don't Believe the Stimulus Scaremongers” (2009) Wall Street Journal February 17, 2009 p. A15

How Banking Diversification Steered us Wrong, BusinessWeek February 9 2009, p. 30-31

“Insiders and Outsiders” Forbes.com September 25, 2008

With Edmund S. Phelps, “A Dynamic Theory of China-U.S. Trade: Making Sense of the Imbalances” World Economics Vol. 8 No. 3 July-September 2007. (based on July 2005 Center for Capitalism and Society Working Paper No. 4)

“What holds back Bangalore Businesses?” (2008) Asian Economic Papers, Vol 7, No. 1, pp. 10-153 “Based on December 2004 working paper

"Offshoring: Why Venture Capital-Backed Businesses Stay at Home" (2009) in Audretsch, D. B., R. Litan and R. Strom, Entrepreneurship and Openness, Cheltenham, UK and Northampton, MA, USA: Edward Elgar..  (Based on July 20, 2007 working paper Available at SSRN: http://ssrn.com/abstract=1001104)

With Carl Schramm, , “Phelps’s Prize” Jan 29 2007. The Wall Street Journal  p. A16

With Edmund S. Phelps, “Merkantilismus im Reich der MitteFrankfurter Allgemeine Zeitung 22 July 2006, Nr. 168 p. 13

“How Novelty Aversion Affects Financing Options” (2006). Capitalism and Society :Vol. 1 No. 1, Article 1. (Accompanying discussion by Robert Solow.)

With Edmund S. Phelps, “Classical Theory versus the Real World” July 25 2005. The Wall Street Journal  p. A14

 “Non-destructive creation: How entrepreneurship sustains development” in The Emergence of Entrepreneurial Economics, G.T. Vinig,  R. van der Voort eds., Elsevier Science: Amsterdam (based on a lecture given at the Royal Society of Arts, London on the 17th of November 2004)

“What Rôle for Entrepreneurship in India?” November 2004. mimeo

“Tax and Spend, Please” Project Syndicate  November 2004 (Unabridged version)

"More, bigger faster”  Across the Board, September-October 2004 (based on Oct 2003 Working Paper, “Hard-headed optimism about globalization”)

“Missing the true significance of outsourcing” Asian Wall Street Journal, June 23, 2004.

“The global economics of desire” Project Syndicate February 2004

“Taking Care: How Concerns about Prior Knowledge Affect the Financing of Novel Projects” Working paper, November 2000 (rev. Oct. 2003) http://ssrn.com/abstract=281687

"Building the Professional Firm: McKinsey & Co.: 1939-1968." (2002) International Journal of Entrepreneurship Education (prev. Working Paper 95-010 Harvard Business School: 1996.)

“Business as usual after boom and bust.” Financial Times July 9 2001, Mastering Investment series

"David and Goliath, Reconsidered", Harvard Business Review, V 78, N 5, pp. 26-27, September-October 2000

“Will the real entrepreneur please stand up?” Wall Street Journal Europe August 7, 2000

“The art of overcoming those first-contract nerves”, Financial Times, April 25, 2000

The Questions Every Entrepreneur Must Answer,” Harvard Business Review, V 73, N 6, pp. 120-130, November-December 1996.

“Fair Stock Markets:  The Hidden Cost,” The New York Times, January 22, 1995.

“High cost of liquidity,” Financial Times, December 13, 1994.

"Efficient Markets, Deficient Governance," Harvard Business Review, V 72, N 6:  pp. 129-139, November-December 1994.

“The hidden costs of investor protection: lessons from the US,” Royal Society of Arts Journal, V CXLII, N 5452, July 1994: pp. 27-34. (from lecture delivered to the Royal Society of Arts, London April 13, 1994)

"How Entrepreneurs Craft Strategies That Work," Harvard Business Review, V 72, N 2:  pp. 150-161, March-April 1994.

"Return to Judgment," Journal of Portfolio Management, V 20, N 2:  pp. 19-25, Winter 1994.

"Clinton Business Plan:  Help Unwanted."  The New York Times, May 9, 1993, p F11.

"The Hidden Costs of Stock Market Liquidity," Journal of Financial Economics, V 34, 1993: pp. 31-51.

"Bootstrap Finance: The Art of Start-ups," Harvard Business Review, V 70, N 66, November-December 1992: pp. 109-117.

With Howard Stevenson, "Trust, Uncertainty, and Profit," Journal of Socio-Economics, V 21, N 3: pp. 191-208, Fall 1992.  Won award at the IAREP/SASE (International Association for Research in Economic Psychology/Society for the Advancement of Socio-Economics) Conference, Stockholm, June 1991.

"Reversing Corporate Diversification," Journal of Applied Corporate Finance, V 3, N 2: pp. 70-81, September 1990.

With Howard Stevenson, "Why Be Honest if Honesty Doesn't Pay," Harvard Business Review, V 68, N 5: pp. 121-129, September-October 1990.

"In Praise of Corporate Raiders," Policy Review, The Heritage Foundation, N 47: pp. 21-23, Winter 1989.

"The Causes and Consequences of Hostile Takeovers," Journal of Applied Corporate Finance, V 2, N 2: pp. 36-59, Summer 1989.

"Why Not Leverage Your Company to the Hilt?," Harvard Business Review, V 66, N 3:  pp. 92-98, May-June 1988.

With Howard Stevenson, "Employment versus Sub-Contracting:  The Real Trade-Offs," Harvard Business School Working Paper 88-046, l988.

"Hustle as Strategy," Harvard Business Review, V 64, N 5: pp. 59-65, September-October 1986.

“Not Just a Fast-Buck Craving; What’s Driving MBA’s to Wall Street,” New York Times, July 27, 1986.

"Beyond Keynes:  Demand Side Economics," Harvard Business Review, V 6, N 4 :  pp. 100-110, July-August 1983.

"Japan's 'Liberalized' Capital Market Is No Boon to Foreign Competitors," The Los Angeles Times, July 15, 1984.

"Finding Economic Formulas for the Third World," (book review) The Wall Street Journal, March 22, 1983.

"India's Conflict Between Dirigisme and Democracy," The Wall Street Journal, May 17, 1982.

"Looking at how managers work with workers," (book review) The Wall Street Journal, October 20, 1981.

"Exchange Rates:  Floating Does It Better," The Wall Street Journal, September 22, 1981.

"The Crucial Weaknesses of Japan Inc.," The Wall Street Journal, June 8, 1981.

Cases

With Michael Roberts and Jeronimo Silva, Smartbites,  HBS case 813-074 (2012)

 

With Robert Lightfoot, Research Associate, Jim Bender and Alert, Inc. (A), HBS case 897-009 (1996)

Entrepreneurial Management Course Overview Note, HBS note 396-345 (1996) .

The Road Well-Traveled, HBS note 396-277 (1996) .

Tales from Successful Entrepreneurs, HBS case 396-050 (1995).

Johnson-Grace: March 1994, HBS case 396-096 (1995).

Bob Reiss and Valdawn (A), HBS case 396-063 (1995).

Bob Reiss and Valdawn (B), HBS case 396-064 (1995).

Bob Reiss and Valdawn (C), HBS case 396-065 (1995).

Metropolis Software:  May 1995, HBS case 396-005 (1995).

Note on Building the Self-Sustaining Firm, HBS note 395-200 (1995).

With Mark Thurber, Stonyfield Farm:  September 1994, HBS case 395-157 (1995).

With Jay Dial, Physician Sales & Service, Inc.:  June 1992 (A), HBS case 395-066 (l994).

Physician Sales & Service, Inc.:  March 1993 (B), HBS case 395-157 (1994).

Physician Sales & Service, Inc.:  March 1993 (C), HBS case 395-078 (1994) .

Physician Sales & Service, Inc.:  July 1993 (D), HBS case 395-079 (1994) .

Physician Sales & Service, Inc.:  August 1993 (E), HBS case 395-080 (1994).

Physician Sales & Service, Inc.:  November 1993 (F), HBS case 395-119 (1994).

With Michael Alter, Selling As A Systematic Process, HBS case 395-091 (1994) .

Marcia Radosevich and Health Payment Review:  1989 (A), HBS case 394-204 (1994).

Marcia Radosevich and Health Payment Review:  1989 (B), HBS case 394-205 (1994).

Marcia Radosevich and Health Payment Review:  1989 (C), HBS case 394-206 (1994).

Marcia Radosevich and Health Payment Review:  1989 (D), HBS case 394-207 (1994).

Marcia Radosevich and Health Payment Review:  1989 (E), HBS case 394-208 (1994) .

Marcia Radosevich and Health Payment Review:  1989 (F), HBS case 394-209 (1994).

Marcia Radosevich and Health Payment Review:  1989 (G), HBS case 394-210 (1994).

Note on Developing Start-up Strategies, HBS note 394-067 (1993).

Deaver Brown and Cross River, Inc., HBS case 394-042 (1993).

Cherrill Farnsworth and TME, Inc.: 1990 (A), HBS case 394-021 (1993).

Cherrill Farnsworth and TME, Inc.: 1990 (B), HBS case 394-022 (1993).

With Laura Pochup, National Communications Inc. (A): 1988, HBS case 393-103 (1993).

With Laura Pochup, National Communications Inc. (B): 1988, HBS case 393-104 (1993).

McKinsey & Co. (A): 1956, HBS case 393-066 (1992).

McKinsey & Co. (B): 1966, HBS case 393-067 (1993).

With Valery Rayzman, and Christopher J. Hackett, The DAG Group, HBS case 392-077 (1990).

Momenta Corporation (A), HBS case 392-013 (1991).

Momenta Corporation (B), HBS case 392-014 (1991).

Momenta Corporation (C), HBS case 392-048 (1991).

With Shawn J. Bryant, Yolanda R. Daniels, Nina T. Henderson, and M. Bruce Robinson, Granite Broadcasting Corporation (A), HBS case 392-008 (1991).

With Shawn J. Bryant, Yolanda R. Daniels, Nina T. Henderson, and M. Bruce Robinson, Granite Broadcasting Corporation (B), , HBS case 392-009 (1991).

With Laura Pochop, Paul Olsen (A), HBS case 392-011 (1991).

With Laura Pochop, Research Associate, Paul Olsen (B), HBS case 392-015 (1991).

With Myra Hart, Peanut Butter Fantasies:  June 1989, HBS case 391-072 (1990).

With Kevin Hinton, Image Presentations, Inc., HBS case 390-140 (1990).

Note on Acquiring Bank Credit, HBS note 391-010 (1990).

Note on Analyzing New Ventures, HBS note 393-053 (1992).

With Gerardo J. Espinoza, Note on Buying a Franchise, HBS note 491-024 (1990) [16].

Vinod Khosla and Sun Microsystems (A), HBS case 390-049 (1990).

Vinod Khosla and Sun Microsystems (B), HBS case 390-050 (1989).

Vinod Khosla and Sun Microsystems (C), HBS case 390-051 (1989).

With Howard Stevenson Note on Attracting Stakeholders, , HBS note 389-139 (1989).

Sri Lanka (B), written under the supervision of Professor Bruce Scott:  1980.

Singapore (A), written under the supervision of Professor Bruce Scott:  1980.

Singapore (B), written under the supervision of Professor Bruce Scott:  1980.

The Irish Republic, written under the supervision of Professor Bruce Scott: 1979.

Teaching Notes

With Judith Maas, McKinsey  & Co. (A) and (B), Harvard Business School Teaching Note 396-401 (1996) [19].

Deaver Brown and Cross River, Inc., Harvard Business School Teaching Note [12].

Physician Sales & Service, Inc. (A) - (C), Harvard Business School Teaching Note 396-405 [9].

National Communications Inc. (A) and (B), Harvard Business School Teaching Note 396-369 [10].

Johnson-Grace: March 1994, Harvard Business School Teaching Note 396-332 (1996) [15].

Physician Sales and Service, Inc. (D) - (F), Harvard Business School Teaching Note 396-333 (1996) [8].

With Judith Maas, Marcia Radosevich and Health Payment Review:  1989 (A) - (G), Harvard Business School Teaching Note 396-218 (1996) [8].

The DAG Group, Harvard Business School Teaching Note 392-121 (1992) [9].

Image Presentations, Harvard Business School Teaching Note 392-120 (1992) [12].

With Research Associate Myra Hart, Peanut Butter Fantasies, Inc. Teaching Note, Harvard Business School 392-119 (1992) [33].

Vinod Khosla and Sun Microsystems (A), (B) and (C), Harvard Business School Teaching Note 392-118 (1992) [10].

Granite Broadcasting Corporation (A) and (B), Harvard Business School Teaching Note 392-117 (1992) [11].

Momenta Corporation (A), Harvard Business School Teaching Note 392-115 (1992) [6].

Momenta Corporation (B) and (C), Harvard Business School Teaching Note 392-116 (1992) [11].

Paul Olsen (A) and (B), Harvard Business School Teaching Note 392-114 (1992) [10].