Cover Presenting the 2012 DAA Winners
Booth alumni find success in reinventing pizza, battling poverty, bringing pharmaceuticals to market, and globalizing television networks. Meet Patrick Doyle, '88; Michael Pape, '06 (XP-75); Dean Karlan, '97; and Michael Armstrong, '02.
Capital Ideas: Measuring Chance
Research by Eugene Fama compares luck and skill in mutual fund returns and finds that investors are better off selecting low-cost index funds instead of more expensive, actively managed funds.
Capitalism in the Crosshairs
Luigi Zingales' latest book examines America's imperiled free enterprise system.
Conspicuous or Not, the Rich are Spending More
A new paper by professor Erik Hurst finds that consumption inequality is increasing along with the income gap between rich and poor, and that most other studies of the consumption gaps are based on faulty data.