Articles

I believe that the truly just society – and the one that serves all its members best – is the one that encourages and supports the creativity, imagination, and freedom of its entrepreneurs. You’ll find some important support for this thinking in topics I’ve been writing about lately.

The Division Of Economics Into Macro And Micro Is Incoherent. Individual Action And Interaction Are The Two Levels On Which To Focus.

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Macroeconomics is a phony construct designed to provide a vehicle to justify government intervention via economic policies. Individual action and interaction with others are the relevant levels of analysis.

Re-thinking The Role Of The Consumer In The Business System: Making Six Strong Connections.

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When businesses embrace the concept of subjective value, they redefine the role of the consumer or customer in their business model and strengthen six important connections.

The New Economics Of Value And Value Creation.

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There's a new economics of value and value capture that business leaders should understand and act upon. It changes perspectives, and it changes business processes, and even the very purpose of business.

When Businesses Re-Think Value Using A Subjectivist Approach, Many Beneficial Consequences Follow.

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When businesses take the time and analytical effort to think about value and to define it from the customer’s perspective, they will realize the opportunity to re-shape their business models and manage their business in new ways.

Quantum Economics, Potential, And The 4V’s Business Model.

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To get your head around quantum mechanics, it’s necessary to be able to think about a space that’s between reality (called spacetime in the language of the science) and imagination, something that doesn’t exist.

Value Is A Process – the Essence Of Entrepreneurship.

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What is the value of a pizza? If you asked a standard economist, they might—thinking themself quite clever—ask in return, “well, what would you pay for one?” Now, that’s a fine response as far as it goes. But in neoclassical economic theory, that’s not as far as they seem to think.