Revise and Resubmit - The Mayukh Show

English Podcast Starts at 00:00:00Bengali Podcast Starts at 00:50:12Hindi Podcast Starts at 01:07:56Danish Podcast Starts at 01:22:06ReferenceEbert, T., Obschonka, M., Aiello, L. M., Potter, J., Rentfrow, P. J., & Gosling, S. D. (2027). Innovation adoption across regions: psychological openness and the early diffusion of digital platforms. Research Policy, 56(1), 105610. https://doi.org/10.1016/j.respol.2026.105610‌‌Youtube Channel⁠https://www.youtube.com/@weekendresearcher⁠Podcast Websitehttps://mayukhmukhopadhyay.com/reviseandresubmitAOM SIM Curriculum Committeehttps://sim.aom.org/curriculum/curriculum-committeeAOM SIM-Bytes Curriculum Lessonshttps://sim.aom.org/simthrive/teaching/simbytes🎙️🌍 Welcome to Revise and Resubmit, where we uncover the ideas that help us understand a changing world!Why does one city embrace a new idea almost overnight, while another takes years to catch up? Is it simply a question of wealth, infrastructure, or opportunity? Or could the answer lie somewhere less visible, deep within the psychology of the people who live there?Today, I invite you to explore a fascinating research article titled “Innovation Adoption Across Regions: Psychological Openness and the Early Diffusion of Digital Platforms”, by Tobias Ebert, Martin Obschonka, Luca M. Aiello, Jeff Potter, P. Jason Rentfrow, and Samuel D. Gosling.Published online on 15 October 2026, with publication scheduled for the January 2027 issue of Research Policy, this study appears in one of the most prestigious academic journals in management and innovation research, a journal on the coveted FT50 list. Published by Elsevier, it brings a fresh psychological perspective to a question with enormous implications for the digital economy.The authors examine why some American metropolitan regions were quicker to embrace accommodation-sharing platforms, ride-sharing services, and social media. Their research draws on an extraordinary dataset covering millions of residents, with personality information from more than 3.2 million people across hundreds of metropolitan areas.And what did they discover? Psychological openness matters. Regions with populations more willing to welcome new experiences and ideas tended to adopt these platforms earlier, even after accounting for economic, demographic, geographical, infrastructural, and other psychological factors.💡 The authors describe this openness as an invisible social infrastructure. It is a wonderfully thought-provoking idea. We often measure a region's readiness for innovation through roads, capital, institutions, and technology. But perhaps we should also ask whether its people are ready to embrace the unfamiliar.After all, a brilliant innovation may be created by a handful of entrepreneurs, but its success depends on thousands, sometimes millions, of ordinary people deciding to give it a chance.❤️ If you enjoy these journeys into meaningful research, please subscribe to Revise and Resubmit on Spotify and our YouTube channel, Weekend Researcher. You can also find the podcast on Amazon Prime Music and Apple Podcasts. Your support helps bring important academic ideas to a wider audience!🙏 My sincere thanks to authors Tobias Ebert, Martin Obschonka, Luca M. Aiello, Jeff Potter, P. Jason Rentfrow, and Samuel D. Gosling, and to Elsevier, for making this valuable contribution to research and scholarship possible.And here is the question I leave you with: When the next revolutionary digital platform arrives, will the places that succeed be those with the best technology, or those whose people are simply most willing to embrace something new? 🚀🤔

English Podcast starts at 00:00:00Bengali Podcast Starts at 00:36:05Hindi Podcast Starts at 00:57:09Danish Podcast Starts at 01:09:26 ReferenceJeanna Smialek (06 Oct 2026). The Invisible Hand of Maria Edgeworth: How a Nineteenth-Century Novelist Taught the World Economics. Knopf. https://www.penguinrandomhouse.com/books/742170/the-invisible-hand-of-maria-edgeworth-by-jeanna-smialek/‌Youtube channel link https://www.youtube.com/@weekendresearcherPodcast Websitehttps://mayukhmukhopadhyay.com/reviseandresubmitAOM SIM Curriculum Committeehttps://sim.aom.org/curriculum/curriculum-committee🎙️✨ Welcome to Revise and Resubmit, and to another episode of Weekend Book Review!I have always believed that history has a curious habit of remembering the loudest voices, while quietly overlooking those who may have changed the conversation altogether. And sometimes, the most remarkable ideas come from the most unexpected places.Today, I bring you a book that challenges one of the most familiar stories in intellectual history: The Invisible Hand of Maria Edgeworth: How a Nineteenth-Century Novelist Taught the World Economics, by Jeanna Smialek, published by Knopf on 06 October 2026. 📚At the heart of this story is Maria Edgeworth, an extraordinary Irish novelist of the Regency era. Known to her contemporaries as “the Great Maria”, she was admired by Jane Austen, envied by Lord Byron, and read by British royalty. Yet behind her literary reputation was a remarkable economic mind. At a time when women were rarely welcomed into serious intellectual debate, Edgeworth was quietly exploring ideas about finance, trade, production, and society through her fiction.What makes this story even more compelling is the company she kept. Working in the intellectual shadow of Adam Smith and alongside thinkers such as David Ricardo and Thomas Malthus, Edgeworth found a distinctive way to bring economic ideas to ordinary readers. She did not need a university lecture hall or a grand economic treatise. She had stories, characters, and the imagination to make complicated ideas accessible. ✍️And who better to recover this overlooked chapter than Jeanna Smialek? Brussels bureau chief for The New York Times, Smialek has covered economic policy since 2013. She is also the author of Limitless, exploring the history and future of the Federal Reserve. Her experience as an economics journalist brings analytical depth and narrative energy to a story that is as much about historical recognition as it is about economics.💡 This book invites us to reconsider who gets remembered as an architect of economic thought, and who gets written out of the story. It is a reminder that ideas do not always travel through textbooks and formal institutions. Sometimes, they travel through novels, family conversations, and the pages of stories that capture an entire generation.❤️ If you enjoy discovering extraordinary books and overlooked ideas, please subscribe to Revise and Resubmit on Spotify and our YouTube channel, Weekend Researcher. You can also listen on Amazon Prime Music and Apple Podcasts. Your support means a great deal to me!🙏 My sincere thanks to Jeanna Smialek for bringing Maria Edgeworth's remarkable story back into the spotlight, and to Knopf for publishing this fascinating work.And here is the question I want to leave you with: How many of the ideas that shaped our modern world were first imagined by people whom history simply forgot to give credit to? 🤔✨

English Podcast Starts at 00:00:00Bengali Podcast Starts at 00:24:37Hindi Podcast Starts at 00:42:37Danish Podcast Starts at 00:56:56ReferencePeltoniemi, M. and Sihvonen, A. (2026), Craft and Industrialization: Uncovering the Plasticity and Frontier of Craft. J. Manage. Stud.. https://doi.org/10.1111/joms.70183‌‌Youtube Channel⁠https://www.youtube.com/@weekendresearcher⁠Podcast Websitehttps://mayukhmukhopadhyay.com/reviseandresubmitAOM SIM Curriculum Committeehttps://sim.aom.org/curriculum/curriculum-committeeAOM SIM-Bytes Curriculum Lessonshttps://sim.aom.org/simthrive/teaching/simbytes🎙️✨ Welcome to Revise and Resubmit, where great research meets the human stories behind it!What if the secret to industrial progress was not the elimination of craftsmanship, but the very thing that industrialization was supposed to leave behind? 🤔Imagine a world racing towards uniformity, efficiency, and mass production. In that world, where does the skilled human hand belong? And could the instincts of a craftsperson help build the very systems designed to standardize work?Today, we explore a fascinating research article, “Craft and Industrialization: Uncovering the Plasticity and Frontier of Craft,” by Mirva Peltoniemi and Antti Sihvonen, published online on 25 October 2026 in the prestigious Journal of Management Studies, an FT50-listed journal. 🏆📚 Published by the Society for the Advancement of Management Studies and John Wiley & Sons Ltd, this study invites us to reconsider a story we may have thought we already knew.Drawing on engineering work at a Finnish pulp and paper industry R&D laboratory between 1920 and 1972, the authors uncover an unexpected relationship. Craft did not simply disappear as industry advanced. Instead, its practical wisdom, creative problem-solving, and professional identity helped transform ideas into useful objects and lay the foundations for future industrial standards.💡 Two powerful concepts emerge: the plasticity of craft, the ability to adapt skilled practices to new purposes, and the craft frontier, where experimentation creates possibilities that standardization may later embrace. The message is subtle but profound: human ingenuity and industrial discipline need not be enemies. Sometimes, one prepares the ground for the other.And perhaps this is a lesson that reaches far beyond factories and laboratories. In an age increasingly shaped by automation, algorithms, and artificial intelligence, we may still need the judgement, imagination, and experience that no simple rule can fully capture.❤️ If you enjoy thoughtful conversations that bring academic research to life, please subscribe to Revise and Resubmit on Spotify and to our YouTube channel, Weekend Researcher. 📲 You can also find us on Amazon Prime Music and Apple Podcasts. Your support helps us take important ideas beyond the pages of academic journals and into everyday conversations.🙏 Our sincere thanks to authors Mirva Peltoniemi and Antti Sihvonen, and to the Society for the Advancement of Management Studies and John Wiley & Sons Ltd, for bringing this valuable research to the scholarly community.So, as we look towards a future increasingly governed by machines and standards, here is the question to leave with you: will the next great industrial breakthrough come from perfecting the rules, or from the skilled human mind that dares to break new ground before those rules even exist? 🔍✨

English Podcast starts at 00:00:00Bengali Podcast Starts at 00:50:01Hindi Podcast Starts at 01:11:55Danish Podcast Starts at 01:33:49 ReferenceSherwood, C. (2026). A Fair Bargain: The Ethics of Negotiation. London: LSE Press. https://doi.org/10.31389/lsepress.afb‌Youtube channel link https://www.youtube.com/@weekendresearcherPodcast Websitehttps://mayukhmukhopadhyay.com/reviseandresubmitAOM SIM Curriculum Committeehttps://sim.aom.org/curriculum/curriculum-committee🎙️ Welcome to Revise and Resubmit, and to another episode of Weekend Book Review! 📚✨Imagine sitting across a table from someone who wants exactly what you want. The stakes are high. The numbers are close. One small exaggeration could save you a fortune. And the other person may never discover the truth.Would you do it?That uncomfortable question sits at the heart of A Fair Bargain: The Ethics of Negotiation, by Dr Charles N.C. Sherwood, published by LSE Press on 17 September 2026.💼 Sherwood is an especially interesting guide to this subject. He spent three decades in private equity as a founding partner of Permira, helping build the firm from a small London operation into an international organisation. An experienced negotiator himself, he later turned to the philosophical questions behind the deals, studying negotiation ethics at the London School of Economics, where he teaches business and organisational ethics.In other words, this is not a philosopher observing negotiations from a comfortable distance. It is a seasoned practitioner asking whether the rules we follow in ordinary life should suddenly change when money, competition, and ambition enter the room.🧩 Sherwood challenges some familiar assumptions. Is a little dishonesty simply part of the game? Is it acceptable to exploit someone who has very few alternatives? And must we care about the other party's interests, even when doing so might mean sacrificing a better deal for ourselves?His central argument is both simple and demanding: the fairness of a negotiation depends not only on what we obtain, but on how we obtain it.Rather than searching for one objectively perfect outcome, Sherwood treats negotiation as a social process built on voluntary consent. Honesty matters. Mutual benefit matters. And possessing the stronger bargaining position does not automatically give us the moral right to exploit it.🌱 What I find most compelling is how close these questions sit to everyday life. We negotiate salaries, business contracts, family arrangements, and even the small compromises that keep relationships together. Each time, we face a choice between winning the immediate advantage and preserving something less visible: trust.🙏 My sincere thanks to Dr Charles N.C. Sherwood for this thoughtful exploration of negotiation and moral responsibility, and to LSE Press for publishing the book.🎧 If you enjoy Revise and Resubmit, please subscribe on Spotify and to Weekend Researcher on YouTube. You can also find the channel on Amazon Prime Music and Apple Podcasts.❓ And here is the question I want to leave with you: when you walk away from a negotiation having won everything you wanted, but knowing the other person was unfairly cornered, have you truly secured a bargain, or merely discovered the price of your own integrity?

English Podcast Starts at 00:00:00Bengali Podcast Starts at 00:39:45Hindi Podcast Starts at 00:53:28Danish Podcast Starts at 01:09:13ReferenceAdner, R. (2026). Government as orchestrator: Ecosystem transformation at scale and speed. Strategic Management Journal, 1–38. https://doi.org/10.1002/smj.70129‌‌Youtube Channel⁠https://www.youtube.com/@weekendresearcher⁠Podcast Websitehttps://mayukhmukhopadhyay.com/reviseandresubmitAOM SIM Curriculum Committeehttps://sim.aom.org/curriculum/curriculum-committeeAOM SIM-Bytes Curriculum Lessonshttps://sim.aom.org/simthrive/teaching/simbytes🎙️🎩 Welcome to Revise and Resubmit! Pull up a leather armchair, pour yourself something civilized, and prepare for a tale of high-stakes strategy that reads less like a dry academic paper and more like a breathless Westminster thriller. 🕰️🥃Picture the scene: a global crisis, the clock ticking down with ruthless precision, and the fate of millions hanging in the balance. 🌍⏳ Usually, when one mentions "the government," we conjure images of endless red tape, glacially slow committees, and Sir Humphrey Appleby nodding sagely while doing precisely nothing. 📜🐌But what happens when the state decides not to be a lumbering bureaucrat, and instead steps onto the podium as a master conductor? 🎼🪄Today, we are diving into a tour de force of scholarship titled "Government as orchestrator: Ecosystem transformation at scale and speed," penned by the brilliant mind of Ron Adner. 🧠✍️ Published online on the first of October, 2026, this gem graces the pages of the Strategic Management Journal. And let us pause to tip our hats here, because this is no ordinary publication; it is an ultra-prestigious titan of academia, proudly sitting on the coveted FT50 journal list! 🏆📚✨Adner takes us behind the velvet curtain of Operation Warp Speed, the daring U.S. COVID-19 vaccine initiative. 💉🚀 Grand challenges, he reminds us, are ecosystem challenges. To win, you must align a fiercely independent cast of public and private rivals. 🤝🏛️🏢 How did they pull it off without relying on brute coercion, rigid hierarchy, or mere market signals?Enter a fascinating new weapon in the strategist's arsenal: coordinative fiat. 🎯⚡ Adner reveals four masterstrokes for any leader: wielding this coordinative fiat to align independent players, designing a purpose-built orchestrating entity, reshaping your own internal halls of power to match the external mission, and recognizing that your "orchestration capacity" is the ultimate limit on your ambition. 🧩♟️A massive, standing ovation of thanks goes to the author, Ron Adner, and the distinguished publisher, John Wiley & Sons Ltd., for bringing this masterclass in crisis leadership to light! 👏🎩💐Before we turn the page, do make sure you subscribe to Revise and Resubmit on Spotify, Amazon Prime, and Apple Podcasts! 🎧📲 And for the visually inclined, march right over and subscribe to our YouTube channel, Weekend Researcher! 📺🔔Now, lean in close and tell me this: if a government can rewrite its own DNA to conquer a pandemic in record time, what is truly stopping our leaders from applying coordinative fiat to the next great human crisis tomorrow morning? 🤔🕵️‍♂️❓

English Podcast starts at 00:00:00Bengali Podcast Starts at 00:50:55Hindi Podcast Starts at 01:03:50Danish Podcast Starts at 01:17:47 ReferenceRonald E. Day (2026). Neo-Documentation and the End of Information: A Copernican Revolution. MIT Press. https://doi.org/10.7551/mitpress/15559.001.0001‌Youtube channel link https://www.youtube.com/@weekendresearcherPodcast Websitehttps://mayukhmukhopadhyay.com/reviseandresubmitAOM SIM Curriculum Committeehttps://sim.aom.org/curriculum/curriculum-committee🎙️ Welcome to Revise and Resubmit, and to another episode of Weekend Book Review!📚 What if I told you that information, the very currency of our digital age, is not quite what we have always believed it to be? What if a document does not simply record reality, but helps determine what reality means, what counts as evidence, and ultimately, what we choose to believe?Today, I explore a fascinating and intellectually provocative book, Neo-Documentation and the End of Information: A Copernican Revolution, by Ronald E. Day, published by MIT Press on 6 October 2026.🧠 Day is Professor of Information and Library Science at Indiana University Bloomington, and a distinguished scholar whose work brings critical theory, philosophy, and information science into a searching conversation. With a background spanning philosophy, comparative literature, and library and information science, he has spent much of his career questioning assumptions that others have been content to accept. His earlier book, Indexing It All, received the Association for Information Science and Technology's Best Information Science Book Award in 2015. Clearly, Day is not interested in taking information at face value.And that, perhaps, is where this new book becomes particularly compelling.For generations, we have tended to think of documents as containers, neat repositories of facts waiting to be retrieved. Day challenges this comfortable picture. Drawing on Martin Heidegger, Bruno Latour, and the tradition of neo-documentation, he invites us to consider documents as relational, contextual, and transformative entities. A document becomes meaningful not merely because something is written upon it, but because people, institutions, technologies, and circumstances give it evidentiary force.✨ From Paul Otlet's ambitious dream of organising the world's knowledge to the contemporary challenges posed by artificial intelligence, Day asks us to reconsider what information actually is. His proposed Copernican revolution is not simply a change in terminology. It is a challenge to the foundations on which we organise knowledge, preserve records, interpret evidence, and increasingly entrust machines to make sense of our world.I find the implications especially striking in an age when information is abundant, yet certainty often seems painfully scarce. Perhaps the question is no longer how much information we possess, but how meaning comes into being.🙏 My sincere thanks to Professor Ronald E. Day for this thought-provoking contribution, and to MIT Press for bringing this important work to readers.💛 If you enjoy books that challenge familiar assumptions and open unexpected intellectual doors, subscribe to Revise and Resubmit on Spotify and Weekend Researcher on YouTube. You can also find the podcast on Amazon Prime Music and Apple Podcasts.❓ And let me leave you with one question: If information does not simply describe the world but helps shape what we recognise as reality, then in an age increasingly governed by artificial intelligence, who gets to decide what counts as truth?

English Podcast Starts at 00:00:00Bengali Podcast Starts at 00:47:18Hindi Podcast Starts at 01:07:36Danish Podcast Starts at 01:32:37ReferenceNed Augenblick, B Kelsey Jack, Supreet Kaur, Felix Masiye, Nicholas Swanson, Retrieval Failures and Consumption Smoothing: A Field Experiment on Seasonal Poverty, The Quarterly Journal of Economics, Volume 141, Issue 4, November 2026, Pages 2735–2801, https://doi.org/10.1093/qje/qjag035‌‌Youtube Channel⁠https://www.youtube.com/@weekendresearcher⁠Podcast Websitehttps://mayukhmukhopadhyay.com/reviseandresubmitAOM SIM Curriculum Committeehttps://sim.aom.org/curriculum/curriculum-committeeAOM SIM-Bytes Curriculum Lessonshttps://sim.aom.org/simthrive/teaching/simbytes🎙️ Welcome to Revise and Resubmit, where we uncover the human stories behind extraordinary research and the ideas that quietly change the way we see the world.💡 Imagine earning your income once a year, knowing that it must feed your family through the months ahead. You understand the hardship. You know the money must last. And yet, somehow, when tomorrow's expenses arrive, the savings you thought would be enough begin to disappear.Is this a failure of discipline, a shortage of money, or something far more subtle? What if the problem lies in what we forget to remember?📚 In today's episode, we explore “Retrieval Failures and Consumption Smoothing: A Field Experiment on Seasonal Poverty,” by Ned Augenblick, B. Kelsey Jack, Supreet Kaur, Felix Masiye, and Nicholas Swanson. Published online on 1 October 2026 by Oxford Academic, the paper is scheduled for Volume 141, Issue 4, of The Quarterly Journal of Economics in November 2026.🌍 The researchers investigate the financial lives of smallholder farmers in Zambia, whose annual harvest must sustain them throughout the year. Their findings are striking. Farmers underestimated their forthcoming expenses by around 50%. Rather than offering additional money or conventional financial advice, the researchers simply helped them remember what they were likely to spend.The results were remarkable. Households increased their savings, entered the difficult hungry season with an additional month of financial reserves, and subsequently invested more in farming, raising next year's crop revenue by 9%. A simple exercise in remembering helped transform the economics of everyday survival.🏛️ The significance of this work is amplified by its publication in The Quarterly Journal of Economics, one of the world's most prestigious economics journals and a member of the Financial Times FT50 journal list.What stays with me is the humanity of this finding. Sometimes, people do not make poor decisions because they lack intelligence or determination. They may simply fail to bring tomorrow's needs into today's calculations. And that small gap between knowing and remembering can have profound consequences for a family's future.🙏 My sincere thanks to authors Ned Augenblick, B. Kelsey Jack, Supreet Kaur, Felix Masiye, and Nicholas Swanson for this illuminating contribution, and to Oxford Academic for publishing and disseminating their research.💛 If you enjoy research that connects rigorous scholarship with real human lives, subscribe to Revise and Resubmit on Spotify and Weekend Researcher on YouTube. You can also find the podcast on Amazon Prime and Apple Podcasts.❓ And here is the question I leave you with: If remembering tomorrow's expenses can change a family's future, how many of the financial struggles we witness are caused not by what people lack, but by what they have yet to remember?

English Podcast starts at 00:00:00Bengali Podcast Starts at 00:54:02Hindi Podcast Starts at 01:08:49Danish Podcast Starts at 01:30:12ReferenceDava Sobel (1995). Longitude: The True Story of the Lone Genius Who Solved the Greatest Scientific Problem of His Time. Walker Books. https://www.amazon.in/dp/0802713122Longitude - TV movie 2000 - International School Historyhttps://www.youtube.com/watch?v=--b0eaKGWwENoiser Podcast - Brief History of Longitudehttps://www.noiser.com/short-history-of/longitude‌Youtube channel link https://www.youtube.com/@weekendresearcherPodcast Websitehttps://mayukhmukhopadhyay.com/reviseandresubmit🎙️ Welcome to Revise and Resubmit, and to another episode of Weekend Classics! 📚✨Imagine setting sail across an unforgiving ocean, with no land in sight, no reliable way to know your exact position, and a single navigational mistake capable of costing hundreds of lives. Now imagine that the solution to this terrifying problem lies not in the heavens, as the greatest scientists of the age believed, but in the hands of a stubborn clockmaker.That is the extraordinary story I discovered in Longitude: The True Story of a Lone Genius Who Solved the Greatest Scientific Problem of His Time, by Dava Sobel, first published in 1995.🌊 Sobel, an American science writer celebrated for bringing complex scientific ideas to life, has a particular gift for finding the human drama hidden inside scientific history. In books such as Galileo's Daughter and The Glass Universe, she explores the people behind remarkable discoveries. Here, she turns her attention to John Harrison, an English clockmaker whose determination challenged the scientific establishment of eighteenth-century Europe.🕰️ The problem was deceptively simple to describe and extraordinarily difficult to solve. Sailors could estimate latitude, but longitude at sea remained elusive. Without an accurate way to compare local time with the time at a fixed reference point, ships could lose their bearings, fortunes could disappear beneath the waves, and entire expeditions could end in disaster.In 1714, the British Parliament offered a staggering reward of £20,000 for a practical solution. Astronomers pursued answers among the stars. Harrison looked towards the clock.What followed was a decades-long struggle involving ingenious inventions, professional rivalries, institutional resistance, and a man who refused to surrender his life's work. 🔍What I find most compelling about Sobel's account is that this is not merely a story about timekeeping. It is about what happens when an unconventional mind challenges people who are convinced they already know where the answer must lie.And sometimes, as Harrison's story suggests, the greatest obstacle to a discovery is not the problem itself, but the difficulty of persuading others that the solution is possible.🙏 My sincere thanks to Dava Sobel and Walker Books for bringing this remarkable chapter of scientific history to readers.🎧 If you enjoy Revise and Resubmit, please subscribe on Spotify and to Weekend Researcher on YouTube. You can also find the channel on Amazon Prime Music and Apple Podcasts.❓ And as we set sail with John Harrison, here is the question I cannot help asking: when an entire establishment believes you are wrong, how do you find the courage to keep working until the world finally catches up with you?

English Podcast Starts at 00:00:00Bengali Podcast Starts at 00:55:42Hindi Podcast Starts at 01:09:41Danish Podcast Starts at 01:20:30Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2026. NobelPrize.org. Nobel Prize Outreach 2026. Mon. 12 Oct 2026. <https://www.nobelprize.org/prizes/economic-sciences/2026/summary/>Press Release: https://www.nobelprize.org/prizes/economic-sciences/2026/press-release/Popular information: https://www.nobelprize.org/prizes/economic-sciences/2026/popular-information/Advanced information: https://www.nobelprize.org/prizes/economic-sciences/2026/advanced-information/‌Youtube Channel⁠https://www.youtube.com/@weekendresearcher⁠Podcast Websitehttps://mayukhmukhopadhyay.com/reviseandresubmit🎙️ Welcome to Revise and Resubmit.Imagine a world where governments are trying to tame inflation, central banks are adjusting interest rates, and millions of households are quietly deciding whether to spend, save, borrow, or wait. Now imagine discovering that the key to understanding the entire economy lies in those individual decisions. 💰🌍That is the fascinating territory we enter today.On 12 October 2026, the Royal Swedish Academy of Sciences announced the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, awarded to Robert E. Hall and Michael Woodford for their work on the microeconomic foundations of macroeconomic stabilisation.🏆 This prestigious prize recognises research that has helped reshape modern economic thinking, influencing how central banks and governments understand economic fluctuations and respond to crises.First, there is Robert E. Hall, born in Palo Alto, California, in 1943, and a professor at Stanford University. His work transformed how economists think about household consumption. If people make decisions using all the information available to them, Hall showed, unexpected changes in consumption become especially important. His ideas helped illuminate consumption smoothing, as well as the circumstances of households that must spend what they earn almost immediately.Then comes Michael Woodford, born in Chicopee, Massachusetts, in 1955, and a professor at Columbia University. Through his influential work, particularly Interest and Prices, Woodford helped establish the New Keynesian framework, connecting sticky prices and forward-looking decisions with monetary policy. 📊Together, their contributions help explain how countless individual choices combine to shape inflation, employment, and economic growth. Their work gives policymakers a more rigorous framework for asking what happens when interest rates rise, government spending changes, or households and businesses revise their expectations.And that is where the story becomes personal. Behind every economic model are people deciding whether they can afford a home, whether a business should hire another worker, and whether tomorrow feels secure enough to spend today.💡 The two laureates will share the prize of 12 million Swedish kronor equally.🎧 If you enjoy Revise and Resubmit, please subscribe to our podcast on Spotify and to Weekend Researcher on YouTube. You can also find the channel on Amazon Prime and Apple Podcasts.❓ So, as we explore the ideas that help guide the world's economies, here is the question I leave you with: if millions of private decisions can move an entire economy, can even the wisest central bank ever truly predict what people will do next?

English Podcast Starts at 00:00:00Bengali Podcast Starts at 01:04:55Hindi Podcast Starts at 01:22:04Danish Podcast Starts at 01:40:43ReferenceVargo, S.L., Wieland, H. An update of service-dominant logic: Extending the systems turn. J. of the Acad. Mark. Sci. (2026). https://doi.org/10.1007/s11747-026-01159-zVargo, S.L., Lusch, R.F. Institutions and axioms: an extension and update of service-dominant logic. J. of the Acad. Mark. Sci. 44, 5–23 (2016). https://doi.org/10.1007/s11747-015-0456-3Vargo, S.L., Lusch, R.F. Service-dominant logic: continuing the evolution. J. of the Acad. Mark. Sci. 36, 1–10 (2008). https://doi.org/10.1007/s11747-007-0069-6‌Correspondence with Professor Stephen Vargohttps://mayukhpsm.github.io/profvargocorrespondence.pdf‌Youtube Channel⁠https://www.youtube.com/@weekendresearcher⁠Podcast Websitehttps://mayukhmukhopadhyay.com/reviseandresubmit🎙️ Welcome to Revise and Resubmit, where great research meets the stories behind the ideas that shape our world!✨ Imagine publishing a paper that changes how an entire discipline thinks. Then imagine returning, years later, to question, refine, and extend that very idea. In academia, intellectual courage is often as remarkable as intellectual discovery.📚 On 24 January 2026, our Weekend Classics episode revisited the seminal 2004 Journal of Marketing paper on Service-Dominant Logic by Stephen Vargo and the late Robert E. Lusch, who sadly passed away on 23 February 2017.Then came a delightful surprise. A few days ago, we were privileged to receive an email from Professor Stephen Vargo himself, who had stumbled upon our January episode. Not only had he enjoyed it, but he generously offered to share three major updates to Service-Dominant Logic, published in the prestigious Journal of the Academy of Marketing Science, or JAMS. These include the 2008 and 2016 contributions by Vargo and Lusch, and the 2026 paper by Vargo and Wieland. All three are linked in our show notes.🌟 Today, we turn our attention to the latest chapter in this intellectual journey: “An Update of Service-Dominant Logic: Extending the Systems Turn,” by Stephen L. Vargo and Heiko Wieland, published online on 5 June 2026 by Springer Nature.JAMS is a prestigious academic journal on the Financial Times FT50 journal list, making this a particularly exciting conversation for marketing scholars and researchers across disciplines.🧠 The paper takes Service-Dominant Logic beyond the familiar language of exchange and value creation, inviting us to see markets as living, evolving ecosystems. Through systems thinking, relational ontologies, recursive interactions, and institutional coordination, the authors explore how resources, relationships, and agency combine to shape value cocreation. They also revisit a foundational axiom, drawing a crucial distinction between creating value and experiencing or assessing it.In essence, value is not merely something exchanged. It unfolds through relationships, over time, within systems that are continually becoming.🙏 Our heartfelt thanks to Professors Stephen L. Vargo and Heiko Wieland for this important contribution, and to Springer Nature for publishing and disseminating this scholarship.💛 If thoughtful research conversations are your cup of tea, subscribe to Revise and Resubmit on Spotify and Weekend Researcher on YouTube. You can also find the podcast on Amazon Prime and Apple Podcasts. Join us as we revisit the ideas that move scholarship forward.❓ And here is the question to carry into today's episode: If value emerges from an evolving system of relationships rather than from any single transaction, have we been looking at markets the wrong way all along?