If you ever ride a cab in Madrid, you can be sure of having an entertaining and engaging conversation with the taxi driver about everything from sports to politics and from business to philosophy. Last year, during one of my visits to Madrid, I had an interesting conversation about Uber with the taxi driver. During those days taxi…

A fun part of being a professor is talking to entrepreneurs and learning from them. A few weeks ago, I was talking with a European CEO who had just moved his company to California. He has a pretty amazing business model, which is quickly evolving as they learn about the landscape of the industry. But in…

I came across a short article by Ronald Coase (1991 Nobel laureate in economics) published at the Harvard Business Review a few months before he died, aged 103, in 2013. The article is a delicious call for economists to re-engage with the (real life) economy. I want to focus on just one sentence in the…