Austerity – from an evolutionary perspective
It is not economy point of no return that is the main threat for Europe. It is adaptation to death. Continue Reading
Agent
Dumping – positive perspective
Dumping is generally seen as a negative side effect of liberal economics and free trade. Without some government oversight, certain players could enter the market with prices below the expected fair price, thus forming a kind of unfair competition. But… Continue Reading
Harari and Dataism
Above: IRWIN 2021 Homo Deus, A Brief History of Tomorrow is not the latest book by Yuval Noah Harari. Still, since it develops all the crucial concepts later presented in his 21 Lessons for the 21st Century, it is like… Continue Reading
Power
The only productive coercive power that you have, is the power you can execute on yourself. Continue Reading
Invisible hand
Market is an emergent property of a complex system of values being there for the sake of exchange. Continue Reading
Kitchen logic 3: A need is not a value
Individual is the sole agent on the market of life. Continue Reading
Kitchen logic 2: Addiction is constitutional for humans
Addiction to social media is as much a threat as addiction to family. Continue Reading
Blockchain exchange of values
We can be sure right now that blockchain technology will significantly impact the way we live. But that doesn’t mean it will change everything. My goal for this post is to show that some changes commonly attributed to the blockchain… Continue Reading
How a pencil refutes centralized circular economy?
The famous Milton Friedman pencil case concerning the circular economy and integrated reporting is a topic of this post. Milton Friedman’s “pencil case” can be found in his book Free to Choose. A shorter but sufficiently explanatory version can be… Continue Reading
Subsidies are contrary to circular economy principles
Value chains in organizations can be understood metaphorically as micro power plants that generate energy (value creation) from consumed inputs ( capitals ). Value chains are constructed to add value by producing a slightly greater output value than the sum… Continue Reading