Joel Kurtzman
# Joel Kurtzman

Joel Allan Kurtzman (June 25, 1947 – April 6, 2016) was an American economist.

Kurtzman was a Senior Fellow at the Milken Institute, a non-profit, non-partisan think tank. His research focused on globalization and its risks and has been published widely. He was also Executive Director of the Milken Institute's SAVE Project which focuses on energy security, climate change and alternative energy.

Kurtzman was a member of the Board of Directors of Revolution Prep, and a member of the Editorial Board of MIT Sloan Management Review. He was a member of the Board of Directors of the Wharton School's SEI Center for Advanced Studies in Management and to the Vice Chancellor for Research at the University of California, Davis.

Kurtzman was the Editor-in-Chief of the Harvard Business Review and a member of the editorial board of Harvard Business School Publishing. He was founding Editor-in-Chief of Strategy + Business magazine, where he first coined the term "Thought Leader". Kurtzman is Editor-in-Chief of Korn Ferry's Briefings on Talent & Leadership magazine.

Kurtzman was also Sunday business editor and columnist at The New York Times.

Best known for his work on the intersection between economics and business, Kurtzman authored, co-authored or edited 20 books and hundreds of general and scholarly articles. His widely cited book, The Death Of Money, was made into television documentaries in the U.S., (PBS) and in Japan (NHK).

Before forming the Kurtzman Group, Kurtzman was Global Lead Partner for Thought Leadership and Innovation at PricewaterhouseCoopers, the world's largest professional services firm, where he was responsible for developing new ideas in areas such as strategy, financial reporting, technology, the capital markets and business policy. He was also responsible for PricewaterhouseCoopers' Menlo Park Technology Centre, its technology forecasts, its innovative R&D programs and its global publishing activities.

Earlier in his career, Kurtzman was an international economist at the United Nations where he was deputy director of the U.N.'s Project on the Future. Kurtzman's economic modeling teams were among the first to warn of the impending Latin America debt crisis, in the 1990s. His research teams produced a library of 17 volumes of books on the global economy (The NIEO Library, Pergamon Press, Elsmford, New York).

Kurtzman testified before the U.S. Congress on economic matters and has provided testimony to the Italian Parliament and the Parliament of Spain regarding their economic development activities.

While at the UN, Kurtzman was involved as a negotiator between India and the Union Carbide Corporation over the Bhopal disaster. With the Indian environmentalist, advocate and writer, Dr. Rashmi Mayur, Kurtzman met with senior officials at Union Carbide, including its chairman and CEO, Warren Anderson, and with U.S. and Indian government officials, with a proposal to have settlement funds for victims of the disaster administered by an independent council made up of well-known leaders from around the world. The funds were to be administered from Switzerland. The aim of the proposal was to insure funds would be dispensed to individuals impacted by the disaster in a timely way, and to protect against losses due to corruption. The proposal had support, but was never acted upon.

In 2000, he was awarded India's 16th Annual Global Indira Gandhi Prize by the Priyadarshni Academy, in Mumbai, for his work in Thought Leadership.

During his tenure as Global Thought Leader at PricewaterhouseCoopers, Joel Kurtzman created The Opacity Index, which is now the subject of a full-length book, The Global Edge, published by Harvard Business School Press. Using established data bases and 70 different metrics, the Opacity Index measures the risk-based cost of doing business around the world by looking at 5 "CLEAR" factors: Conflict/Corruption levels, Legal practices, Economic factors, Accounting, and Regulatory practices (spelling the acronym C-L-E-A-R). The resulting index rank orders some 53 countries by their scores. A study of the Opacity Index will provide companies who have global imperatives a dashboard for assessing the risk associated with their expansion. The Opacity Index is published regularly by the Kurtzman Group, with research support from the Milken Institute.

