Management thinking about business and how work gets done to generate value for customers requires radical revision. Happily, the understanding of complex evolving systems is improving, at least to …
Why Do People Say Bad Things About The Capitalist System That Delivers Superabundance?
Consider this chart. It appears in a book entitled A Farewell To Arms: A Brief Economic History Of The World and illustrates the worldwide change in personal income over 3000 years. We can …
Why Study Economics?
Economics is the science of human thriving. It is the study of human choices and the motivations behind them. If we can understand those simple things, we can understand every transaction between …
Complex Adaptive Systems: The Daoism Of Western Science.
Western science, like all of our institutions, thrives on novelty. New theories and new sciences abound: quantum physics, computer science, network science, string theory. The lines of inquiry are …
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Business Is Not A Set Of Practices Or Strategic Methods Or Planning Techniques. It’s A Mindset
In the current business era, there’s a lot that seems mandatory: using quantitative methods of strategy and planning, following documented IT-enabled processes, organizing fixed structures that can be …
Raushan Gross: Socialism Cannot Work, Not Even in an AI-Driven Economy
Many of us seek products and services from sellers with goods of the best quality and relatively lower prices. Sellers seek the highest prices for selling the least amount of goods. Sellers compete …
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