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Stories

Stories

01 Sep 2020


Comeback Trail

What history can teach us about navigating the economy’s post-COVID recovery
Re: Nancy F. Koehn (Baker Foundation Professor James E. Robison Professor of Business Administration, Emerita); David A. Moss (Paul Whiton Cherington Professor of Business Administration Unit Head, Business, Government and the International Economy); Debora L. Spar (Jaime and Josefina Chua Tiampo Professor of Business Administration Senior Associate Dean, Business in Global Society Unit Head, General Management)

Topics: History-Business HistoryEconomics-Financial CrisisManagement-Crisis Management
01 Sep 2020


Comeback Trail

What history can teach us about navigating the economy’s post-COVID recovery
Re: Nancy F. Koehn (Baker Foundation Professor James E. Robison Professor of Business Administration, Emerita); David A. Moss (Paul Whiton Cherington Professor of Business Administration Unit Head, Business, Government and the International Economy); Debora L. Spar (Jaime and Josefina Chua Tiampo Professor of Business Administration Senior Associate Dean, Business in Global Society Unit Head, General Management)

Topics: History-Business HistoryEconomics-Financial CrisisManagement-Crisis Management
01 Sep 2020

Comeback Trail

What history can teach us about navigating the economy’s post-COVID recovery
Re: Nancy F. Koehn (Baker Foundation Professor James E. Robison Professor of Business Administration, Emerita); David A. Moss (Paul Whiton Cherington Professor of Business Administration Unit Head, Business, Government and the International Economy); Debora L. Spar (Jaime and Josefina Chua Tiampo Professor of Business Administration Senior Associate Dean, Business in Global Society Unit Head, General Management)
Topics: History-Business HistoryEconomics-Financial CrisisManagement-Crisis Management
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Edited by Dan Morrell; illustrations by David Plunkert

According to the National Bureau of Economic Research, the United States’ current recession began in February, just as the first impacts of the COVID-19 pandemic began to slow consumer spending and spur unemployment. And while parts of the economy are rebounding in fits and starts, the Congressional Budget Office estimated in July that the pandemic’s impact would last a decade and cost the US economy $16 trillion.

To better understand how to approach an economic recovery of this scale, we asked three HBS professors—David Moss, Nancy Koehn, and Debora Spar—to weigh in on what advice history can offer as we navigate the current economic crisis.

 

The Devil You Don’t Know

Professor David Moss on the danger of treating this economic crisis like its predecessors

Righting the Ship

Professor Nancy Koehn on historical examples of leadership during economic recovery—and three pieces of advice for today’s leaders

Wide Angle

Professor Debora Spar on Roosevelt’s reforms—and how the pandemic might impact globalization and the future of higher education

 
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Featured Faculty

Nancy F. Koehn
Baker Foundation Professor
James E. Robison Professor of Business Administration, Emerita
David A. Moss
Paul Whiton Cherington Professor of Business Administration
Unit Head, Business, Government and the International Economy
Debora L. Spar
Jaime and Josefina Chua Tiampo Professor of Business Administration
Senior Associate Dean, Business in Global Society
Unit Head, General Management

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