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Professor Michael Waldman, a Professor of Economics at Johnson, discusses his decades of research into labor economics, including the role of job promotions, the benefits of lateral moves, and how resume padding may improve social welfare. He also describes his research in rational thinking, planned obsolescence, and product bundling and tying. At the end of the interview, he reflects on the personal life lessons he learned from his father, who survived the Holocaust. 

Professor Waldman is the Charles H. Dyson Professor of Management and Professor of Economics at the Samuel Curtis Johnson Graduate School of Management at Cornell University. He is widely recognized as a top researcher in the fields of industrial organization, labor economics, and organizational economics. He first joined Cornell in 1991 and since that time has served both Johnson and the university in multiple capacities - including serving on the school’s Strategic Planning Advisory Council. Professor Waldman received a Bachelor of Science in Economics from MIT and a PhD in Economics at the University of Pennsylvania. 

Links from the Episode at presentvaluepodcast.com Faculty Profile: Michael Waldman - Johnson Research: IDEAS / SSRN NY Times: Planned Obsolescence Article Faculty Last Lectures: 2016 - Michael Waldman

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