‘The expansion of the universe was one of the most important intellectual discoveries of the 20th century, or of any century.’
Read List Notes
My book review on Eve Poole’s Capitalism’s Toxic Assumption, redefining next generation economics. Classical assumptions on competition, pricing mechanism, and other elements of capitalism find little support among modern theories of market economics. For example, game theory emphasized the importance… Read More ›
Rather than trying to fix the limited liability model, pragmatism suggests a public-sector nudge that is, the use of changes in the tax laws and new regulations to encourage a diversity of business models.
Nobel laureate and economist Milton Friedman of the Chicago School of Economics argued that business leaders ‘biggest responsibility is to enrich their shareholders.’ “The business of business is business,” he proclaimed. Eugene Fama of the University of Chicago and Michael… Read More ›
As a result of getting stock bonuses, executives treat their firms’ share prices as the main measurement of performance. However, instead of managing their firms, CEOs inevitably try ‘managing the market.’
Time is running out for implementing policies to mitigate climate change. Denial has caused decades of delay. Policy makers must take bold steps to lower carbon emissions immediately. In 2015, the global economy expanded while carbon emissions shrunk, proving that… Read More ›