Invisible hand
Market is an emergent property of a complex system of values being there for the sake of exchange. Continue Reading
Praxeology
Limitations of science; argument for dualism
In today’s society, science tends to be the only proper heuristic method of explaining reality. If a particular assertion cannot be falsified, then the object of that assertion cannot be proven to exist. According to this view, there is only… 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
Von Mises vs. Naomi Klein
Von Mises discredited Naomi Klein 30 years before she was even born. Continue Reading