In the last few months, the Occupy Wall Street movement has brought a lot of attention to the finance industry. However, MIT’s Sloan School of Management has been focused on this area for over 40 years. Our finance faculty have been conducting cutting-edge research, and rigorously teaching our students, ensuring that our finance students are prepared—both in theory and practice—to take on the types of leadership roles required in this area, particularly in light of the recent economic crisis.
The government should be smart and strategic about the type of spending it will do, says David Schmittlein, MIT Sloan School of Management dean, who says if the government spends on innovative enterprise in America, it can put those dollars to better use.
As the battle over public service wages, benefits, and collective bargaining rights spreads like a virus across the nation, it’s time to consider whether public sector unionism is really the evil that is being portrayed in Wisconsin and elsewhere. Are public unions really the primary cause of the financial challenges facing cities and states? Or are they a convenient scapegoat being used by opportunistic politicians to further erode worker rights and incomes already under assault for decades?
To understand this issue requires something often lacking in this Twitter-driven environment: facts.