UNO CBA Professor of Economics Dr. Art Diamond explores entrepreneurial capitalism – or what he terms “innovative dynamism” – in his book published June 2019.
UNO CBA Professor of Economics Dr. Art Diamond has long believed that innovation is “the key to human betterment.” Diamond asserts that entrepreneurial capitalism, or as he terms it innovative dynamism, enables the greatest innovation to facilitate improvements in the human condition. His belief in this concept inspired his upcoming book Openness to Creative Destruction: Sustaining Innovative Dynamism to be published by Oxford University Press in June 2019.
The book explores “how life has improved through innovation, how innovation has occurred through the efforts of inventors and innovative entrepreneurs, how workers benefit from a system of innovative dynamism, and how policies can be crafted to encourage the innovative entrepreneur to bring us more innovations.”
The piece has been 15 years in the making for Diamond, who sought to “describe how the system worked and to persuade others that the system should be praised and defended.” Driven by passion for the subject, he followed a pluralistic method of seeking evidence from econometric studies, case studies, histories, psychological experiments, biographies, and anywhere else relevant arguments could be found.
Read more about Dr. Diamond's book on the CBA website.
CBA Study Abroad: Business & Social Action in India -
Kristi Lynch, MBA Director
I had the great fortune of joining Dr. Patrick McNamara on the CBA study abroad trip: Business and Social Action in India. It was an incredible, life-changing experience! I had not traveled to India before, and to be quite honest, I was a bit anxious and unsure of what to expect. It took very little time for those fears to subside as we landed in Delhi on March 15th (after appx. 24 hours of travel) and began our adventure.
We were hosted by the amazing students, faculty and staff at IMT, Ghaziabad, which is a top ten graduate university located near the Delhi metro area. They had a full schedule prepared for us each day, which immersed us in many aspects of Indian culture, including school, business, non-profits, government, religion, historical sights, and of course, the people.
Some of the highlights included a visit on Monday to a rural village, where we got to see men, women and children working in the fields making bricks and processing sugar cane. In the village, we also visited a primary school, where the kids recited poetry and danced for us.
On Wednesday we visited an environmental NGO called Toxics Link. They do a great deal of research on waste and waste management in order to influence policy and social change.
The most impressive sights included Akshardham temple and the Taj Mahal. The architecture and beauty of both sites were outstanding.
I came away from the trip with a new appreciation for the country of India and its people. Despite their struggles, they are a strong, welcoming, ever-changing culture. We met many people who care very deeply about their country and are doing very good things to advance the economy, education and the environment. I hope to visit again and would love the opportunity to travel to different areas of India to experience the diversity and rich culture that makes each region so unique. ♥