(Un)Fortunate Necessity of War
War is a necessary emergency of any system that is not in equilibrium. Only dead systems are in equilibrium. Continue Reading
Market
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
Eco view on mixed economy (Sorry Ayn)
The state has same rights to live as companies and individuals. Objectivism fails to recognise other stakeholders than customers. Continue Reading
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
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
What have values to do with energy and power?
Power that is not harnessed by wisdom and order is destructive energy. 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
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
Risk Management and Integrated Reporting
In organisational risk assessment, financial risk assessment (and financial risk management) comes first, followed by occupational injury risk prevention and physical security risk assessment and risk management, especially for properties and facilities that are more vulnerable to a crime or… Continue Reading