A Big Career Mistake: Loving New York Too Much
Matthew Bishop is American Business Editor and New York Bureau Chief for The Economist. Philanthrocapitalism, his 2008 book (with Michael Green) on the business of philanthropy was described as "terrific" by the New York Times, and called "the definitive guide to a new generation of philanthropists who understand innovation and risk-taking and who will play a crucial part in solving the biggest problems facing the world," by New York Mayor Michael Bloomberg.
"Economics A to Z", the official Economist layperson's guide to economics, was published in 2009. He is now writing a book about the current economic crisis, and what must be done to improve how capitalism works. He was previously The Economist's London-based Business Editor. Matthew is the author of several Economist special survey supplements, including "The Business of Giving", which looks at the industrial revolution taking place in philanthropy; "Kings of Capitalism", an influential analysis of the private-equity industry; and "Capitalism and its Troubles", an examination of the impact of problems such as the collapse of Enron in 2002 which highlighted many of the flaws in the system that led to the current crisis.
Before joining The Economist, Matthew was on the faculty of London Business School, where he co-authored three books for Oxford University Press. He has served as a member of the Sykes Commission on the investment system in the 21st Century. He was also on the Advisors Group of the United Nations International Year of Microcredit 2005. He has been honored as a Young Global Leader by the World Economic Forum. He is a graduate of Oxford University.
Question: What was the biggest mistake you’ve made in your career?
Matthew Bishop: Okay, I need to think about that. The greatest mistake I think I have made is not going to China when I had the opportunity to go and be based in Beijing for a couple of years about a decade ago. I think that would have been an extraordinary experience to see that economy and that political system really come out of the old communist days and into this new era. And I still would love to spend time in China professionally at some point in the future because so much of the future of the world is going to be shaped by what happens in China.
Question: Why did you decide not to go?
Matthew Bishop: I was just enjoying living in New York too much, so I just didn’t want to go and rough it in Beijing at that point.
Recorded on: September 24, 2009
Matthew Bishop’s biggest career mistake was staying in New York City when he should have pursued an opportunity abroad.
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