Behavior economy introduced through prospect theory (Kahneman and Tversky, 1979) is generally understood as the one that disapproves »previous« libertarian theories developed by Hayek, von Mises and Friedman, to name just few of them. As shall explain further, the alleged… Continue Reading
Assessing last 100 years of corporate practice in western democratic societies one clearly sees that both branding and lobbying developed as professional and highly organized and positioned practices of every commercial enterprise. Although by rule they are never organized within same… Continue Reading
Decentralisation is one of strongest points of blockchains. Decentralised smart contracts that rest on blockchain technology tend to break fundamentals of modern society, especially that of third party trust. It seems like that we could avoid centralised institutions of trust… Continue Reading
Each and every human being is a part of several different cultural submarkets, but not necessary to any of arts markets. Continue Reading
There are only four KPI for future PM: power, wisdom, beauty and compassion. Continue Reading
It looks like after Richard Thaler won this year’s Nobel prize for economy, Milton Friedman’s neoclassical economics is finally proven to be wrong. What a relief for all that never red neither Von Mises, Hayek, Friedman nor Thaler. It is… Continue Reading
It is not economy point of no return that is the main threat for Europe. It is adaptation to death. Continue Reading
The State has to safeguard the balance of power of many existing publics. Continue Reading
Wherever you start as progressivist, you finish in communism. Continue Reading
Market is an emergent property of a complex system of values being there for the sake of exchange. Continue Reading