- New York US-NY
- [email protected]
Lakshman Achuthan, co-founder and Chief Operations Officer of the Economic Cycle Research Institute (ECRI) in New York City, co-authored Beating the Business Cycle: How to Predict and Profit from Turning Points in the Economy, published by Crown Business in 2004. The book details the professional techniques and insights he learned from his mentor, the late Geoffrey H. Moore, a widely respected economist at Columbia University. In 1991, Lakshman Achuthan joined Moore at the school’s Center for International Business Cycle Research, and the two men, along with Anirvan Banerji, went on to establish ECRI in 1996. With the founding of ECRI, Lakshman Achuthan and his colleagues hoped to make research into cyclical economic patterns a central tool for predicting recessions and recoveries. Their goals also included improving the methodology of cyclical research and offering their knowledge to a wider public. In Beating the Business Cycle, Dr. Achuthan and Mr. Banerji put the insights they had developed at ECRI into practical terms, in order to help ordinary individual investors and business owners take advantage of recurrent economic fluctuations by understanding the turning points that signal growth and deceleration. In the book, Lakshman Achuthan and his co-author observed that an invaluable tool for businesses is the ability to recognize pivotal times when the market shows signs of imminent change. This helps in making decisions that involve production, purchasing, hiring, wages, inventory, and pricing. For an investor, such knowledge leads to better use of stock market capital, and for an individual, to more profitable choices about education, career, and major purchases. Lakshman Achuthan holds an undergraduate degree in international business from Fairleigh Dickinson University in New Jersey, as well as an MBA from Long Island University. He is a frequent guest expert on broadcast networks such as Fox Business, Bloomberg Television, and CNBC.