Friction between neo-cons and behavior economists is fake

Behavior economy introduced through prospect theory (Kahneman and Tversky, 1979) is generally understood as the one that disapproves Ā»previousĀ« libertarian theories developed by Hayek, von Mises and Friedman, to name just few of them. As shall explain further, the alleged… 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