What’s the purpose of an economy? It’s to generate prosperity for the people who participate in it. Prosperity is defined by value -individuals’ feeling that life is getting better and more comfortable with better future prospects. GDP is a diversion that has nothing to do with all that.
. We discuss markets with Anthony J. Evans, a business school professor who teaches that all businesspeople must become economists.
There’s a culture of entrepreneurship and innovation in America that is unparalleled anywhere in the world. Other cultures envy it, and envy the quality of life benefits that Americans enjoy as a result. Let’s not lose it.
There’s a lot of speculation about the future of work — what form it will take, where it will be done, and who will do it (including the robots versus humans debate). We talk to Mo Hamzian, an entrepreneur who is not only theorizing about the future of work, but building newly imagined workspaces that combine spatial design with technology and custom services, making elite workspaces available to everyone.
99% of businesses – those we call small business – practice customer-first capitalism. The rest are the giant corporations that do not. Shareholder value maximization, bureaucratic enforcement of acronymic ideologies, and cronyist alliances with government leave the customer low down their list of priorities.
To what extent should entrepreneurial businesspeople concern themselves with macro-economic variables? At E4B, our point of view is: not much. We made an exception this week to discuss the phenomenon of the inverted yield curve, because it might, conceivably, have some immediate effect on businesses and their customers.