Yunus among top influential economists: WSJ

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Nobel Laureate Prof Muhammad Yunus has been featured as one of the most influential business thinkers in a new ranking compiled by The Wall Street Journal.

Others in the list are Joseph Stiglitz, Bill Gates, Michael Porter, Thomas Friedman, Eric Schmidt, Richard Branson, Malcolm Gladwell, Robert Reich, Jack Welch, Niall Ferguson, Michael Dell, Howard Gardner and Jimmy Wales.

The economists have been ranked on the basis of results of Google hits, media mentions and academic citations, according to a Yunus Centre press release.

Professor Tom Davenport of Babson College and author of the 2003 book – “What’s the Big Idea?” – compiled this year’s ranking with Jeffrey Cronin of Harvard Business School,

Mr Davenport said business and management topics have fallen out of favour, thanks to a shortage of mega-trends like Six Sigma and business process re-engineering, which swept the nation in the 1980s and 1990s.

“I call the new list the invasion of the celebrity economists.”

The financial crisis has made economic insight valuable to businesses and consumers alike, he said. “People are casting about for what caused the crisis. That’s one of the reasons economists did so well in the ranking.”

Prof Yunus has recently joined ‘The B Team’ as a founding member. It is a global non-profit organisation, founded by Sir Richard Branson and Jochen Zeit, and launched on June 13.

Prof Yunus along with other big names like Kathy Calvin, President and CEO, UN Foundation, Arianna Huffington, Editor-in-chief, Huffington Post, Mo Ibrahim, Founder, Celtel, Guilherme Leal, Founder, Natura, Strive Masiyiwa, Founder, Econet Wireless, Dr Ngozi Okonjo-Iweala, Minister of Finance, Nigeria, François-Henri Pinault, Chairman, Kering, Paul Polman, CEO, Unilever, Ratan Tata, Tata Group, and Zhang Yue, Broad Group have been selected by a global network of advisers to be part of The B team.

They will work together to deliver a new way of doing business that prioritises the people and the planet alongside profit – a “Plan B” for businesses across the world.

They will also use their collective voice to help engage other leaders to help deliver “Plan B”.

The B Team will address three initial challenges: “The Future of Leadership”, “The Future Bottom Line” and “The Future of Incentives” to help focus business, away from short-term gain and to balance the long-term benefits.

Source: Financial Express