In This Edition

Making Money Work

Part 1: Economic Vision

Part 2: Management Edge

Part 3: Money for Good

Questions & Answers

Richard Schmalensee, '65, PhD '70 John C. Head III Dean of the Sloan School of Management

Liyen Liang, '99 Research analyst in Salomon Smith Barney's Quantitative Fixed Income Research Group in New York

Mila Getmansky '98 Studies system dynamics and finance; in particular, the performance of hedge funds

Jay Livens, MBA '02 Served as co-executive producer of the 2002 eBusiness Awards, based at MIT's Center for eBusinessT

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Making Money Work

Making money work for business and for public good are joint goals of MIT's economics and management thrusts. More than building successful businesses is at stake. Understanding economic structures and anticipating societal and environmental impact creates a context for wise management. MIT's inventive streak, in fact, relies both on fresh vision and economic solution--lean responses to complex problems.

This fall, openDOOR examines MIT perspectives in these areas:

• Economic Vision: market bubbles, technology competition, money and politics, field lunches, financial economics, positive political economy, e-commerce real estate bubbles, World Economy Lab, streaming economics knowledge, and women venture capitalists.
• Management Edge: BioMedical Enterprise Management, Sloan's 50th anniversary, Laboratory for Financial Engineering, Center for eBusiness Frontier Topics, Digital Business MBAs, eBusiness awards, Five Questions about the Future, Trading Room, and Sloan Management Review.
• Money for Good: Campaign for MIT, Business Ethics Survey, more virtuous business, Digital Divide Data, Management Sciences for Health, MIT Financial Snapshot, thrifty soda machines, and Career Services advice.

openDOOR Tip: Thinking of building your own future by starting a new business? Here's advice to entrepreneurs from Bill Porter '67, who founded E*Trade and donated $25 million to the new Sloan building:

• Do your homework. Get grounded in competition, market, technology--everything.
• When you are sure you are right, go for it--and stick with it. Perseverance counts.
• Adapt to change.
• Have integrity.
• Don't worry about the money. If you succeed, the money will follow.

Poll: How would you invest $1 million? Real estate Technology stocks Precious metals Venture capital Endowed MIT scholarship