David Moss

David Moss is the John G. McLean Professor at Harvard Business School. He is the author of numerous articles and books, including When All Else Fails: Government as the Ultimate Risk Manager.

Recent Articles

Private Risk Is the Public's Business

From the earliest days of the republic, government at all levels has actively intervened to regulate and reallocate risk.

From Five Ways of Looking at Risk . With financial alarm bells sounding, most of the nation -- including the country's business and political leadership -- has woken up to a forgotten truth: Government plays a vital role in managing risk. Since the start of the economic crisis, federal officials from both the Bush and Obama administrations have gone to extraordinary lengths to contain a mounting systemic threat, committing in excess of $10 trillion for ad-hoc financial rescues, emergency federal guarantees, and fiscal stimulus. Inaction in the face of a calamity of this magnitude would have been unimaginable, not to mention politically suicidal. There has naturally been a great deal of debate about whether these policies will, in fact, revive the economy. But it's equally important to ask what comes next, once the alarm bells stop ringing. When economic growth eventually resumes and life returns to normal, will we be lulled back to sleep by the same soothing rhetoric of financial...