Alexander Gruber is a research fellow and a lecturer in economics at the University of St.Gallen. Alexander completed his Ph.D. studies in economics and finance at the University of St.Gallen and at Stanford University. His research focuses on international macroeconomics, banking, and financial stability.
The economic profit measure developed in the Crux of Capitalism initiative is based solely on reported firm performance. As such it departs from established metrics of the national business environment...
Traditional accounting measures often obscure the underlying health of firms and capitalist economies by ignoring the opportunity cost of capital and the potential value from R&D investment. Here we explain why these...
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