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Washington University in St. Louis News & Information > Faculty Experts at Washington University in St. Louis >
John M. Olin Distinguished Professor of Economics & Strategy
Expertise: applications of game theory, economic strategy, industrial organization, industry dynamics, research and development, the evolution of organizations, economic growth, employment and labor, labor unions, aging workforce, technology, mergers, compensation, investor protection.
Bio:
Professor MacDonald is an expert source on general business issues and business strategy as well as on economic growth and strategy, employment and labor, unions, trade, aging workforce issues, technology, and mergers, compensation and investor protection.
Prior to joining the Olin School, MacDonald was professor of economics and management at the W.E. Simon School of Business, University of Rochester, and professor of economics at the University of Western Ontario. He has worked with many companies, including Bausch & Lomb, Carrier, Chase Manhattan Bank, Corning, Easman Kodak, Harris Corporation, General Motors, IBM, Litton Industries, Rochester Gas and Electric, Frontier Communications, Xerox and Xerox's PARC.
WUSTL Contact Information:
| Work: | (314) 935-7768 |
| Fax: | (314) 935-6359 |
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Education:
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B.A. at York University
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M.A. at University of Rochester
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Ph.D. at University of Rochester
| News Stories & Tip Sheets: |
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Advancing competitively requires firms to be self-aware and capable to implement plans, business professors say
Business innovation is not dependent on creative people
Oct. 9,
2006 --
American companies continue to grapple with staying competitive in the global economy. Increasingly, companies and business gurus are citing innovation as the key to sustaining American business' strength. What's not clear is what it means for a company to be innovative. Washington University business professors say the best way to infuse innovation into a company is not by hiring creative people, but by managing innovation in a systematic way. More...
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It's the wave of the future: The economy thrives, but the employment rate doesn't
Jobless recovery will be a repeat phenomenon
Sept. 7,
2006 --
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| Recovering from a recession doesn't include the entire economy. |
The "jobless recovery" that befuddled observers after the recession in the early 2000s was no fluke. It's actually a pattern that we can expect to continue thanks to technology's uneven impact across sectors of the economy. What's more, this new trend in business cycles is as important in making policy decisions as it is in ensuring the stability of the country's economy. More...
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Quantitative approach to strategy shakes up 'business as usual'?
Analytical process gives firms a leg up on creating their competitive advantage, WUSTL business professor says
Feb. 2,
2006 --
Businesses today are turning to quantifiable analysis to map strategies. According to a professor at the Olin School of Business, companies can address specific problems in a scientific way by using basic principals of game theory.
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Investor protection
Fewer capital flow restrictions foster stronger economic growth
Feb. 2,
2005 --
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| MacDonald |
Shaken by numerous accounting-related scandals in recent years, some investors are clamoring for better legal protection for their investments. But does investor protection through government regulation foster economic growth? To assess the widely-held view that it does, WUSTL economics professor Glenn MacDonald and two colleagues have completed a study concluding that the positive effect of investor protection on economic growth is stronger for countries with fewer restrictions on international capital flows.
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Economics of 'has-beens'
Advances in technology impact value of workers' skills
June 9,
2004 --
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| MacDonald |
It is no secret that advances in technology can greatly impact the value of workers' skills. Older workers often find the updating of complex technology uneconomic, while younger workers acquire and readily employ skills tailored to the newest technology. The result: the latter group's productivity rises, diminishing the value of output produced by their older counterparts. A recently published study by Glenn MacDonald, Washington University's John M. Olin Distinguished Professor of Economics and Strategy, is the first to model and explain the nature and severity of this effect.
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Home sales drop 23 percent in Midwest in November
Associated Press - Kansas City (MO)
and 29 others
Dec. 24,
2008 -- WUSTL professor of economics and strategy, Glenn MacDonald, comments on the housing market and how it varies in different parts of the country. "If you're thinking about buying or selling a house, that's a very delayable decision," MacDonald said. "If the economy is soft, you may decide, 'Well, I can wait to buy a house or sell a house.' Only people who have to sell are going to be in the market."
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Cobbler's Business Steps Up During Thrifty Times
NPR Morning Edition
Nov. 18,
2008 -- KWMU's Adam Allington reports on a St. Louis shoe repair shop that has seen business skyrocket as the economy prompts more customers to have shoes fixed instead of buying new ones. WUSTL business professor Glenn MacDonald comments on consumer behavior during a depression.
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Living the Dream
Entrepreneur Magazine
May 9,
2005 -- Small and midsize businesses have a long and rich history of building up America, and entrepreneurs have done so largely by being innovative. WUSTL business professor Glenn MacDonald comments on the importance of innovation when small businesses try to outdo their competition.
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