Thaler is right and markets are perfect
Thaler’s behavioural economics and neoclassical economics get along very well. The latter is not interested in the individual, but in the emergence of interactions. Continue Reading
Economy
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
Against the deadliest virus of 20th Century
Wherever you start as progressivist, you finish in communism. Continue Reading
The State vs. “the Public”
The State has to safeguard the balance of power of many existing publics. Continue Reading
Invisible hand
Market is an emergent property of a complex system of values being there for the sake of exchange. Continue Reading
What have values to do with energy and power?
Power that is not harnessed by wisdom and order is destructive energy. 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
Benefits of circular economy fake trend
The circular economy is not fake; it is a fake trend. Circularity is a necessary feature of life. It becomes a fake trend when vested interests and consultants abuse it. The concept that attracts so much public attention is nothing… Continue Reading