Monday, February 8, 2016
We can't solve problems with the same thinking we used when we created them...
Capitalism needs Design Thinking...
Monday, January 25, 2016
Saturday, January 9, 2016
Finance has a Role to Play: The Role of Markets.....
" In economies that lack markets, individual calculations of value are neceaasrily imprecise ( the Wisdom of crowds ), and exchanges of goods and services are generally inefficient. Markets offer two important benefits. FIRST, they centralize and simplify trade, thereby reducing the costs of exchange, and increasing the potential rewards to the designers of new artifacts. SECOND, they give designers a valuation technology, that is, an easier way to calculate the values that others will place on a new design for an artifact.
Friday, December 4, 2015
Capitalism 4.1
The fact that the exact answers of EMH bore no relation to reality did not seem to deter "scientific" economists.
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