"Capitalism creates value by a series of informed voluntary exchanges." Being informed continues to be a persistent challenge. Guest Lecture by Jim Alexander: Managing the Crooked E. "E" stand for Enron. …
Why Poloraid Failed. The Need for Humility and Interdisciplinarity
What happens when an individual, a group, or a business trusts in past success, doesn't believe in the need for collaboration, and is confident they have the answers? These are the key ingredients in the myth of exceptionalism. See the case of …
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Rise of the Joint Stock Corporation.
"The joint stock corporation is without doubt the most important institution in the world today." Rise of the Joint Stock Corporation. …
Entrepreneurial Challenge: Can You Sell a Scheme for Operating on Beating Hearts and Make a Business of It?
Can You Sell a Scheme for Operating on Beating Hearts and Make a Business of It? Lecture 7 from Yale course "Capitalism: Success, Crisis and Reform" with Douglas W. Rae. …
Freedom is a way of overcoming our own fallibility
"Freedom is a way of overcoming our own fallibility." Property, Freedom, and the Essential Job of Government. "If there were omniscient men, if we could know all the affects the attainment of our present wishes but also our future wants and …
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Creative Destruction: Sell the Best Product at the Lowest Price in a Given Market
Yale course on capitalism lecture "From Marxist Historicism to Howard Head's Tennis Racket" originally titled "Karl Marx, Joseph Schumpeter, and an Economic System Incapable of Coming to Rest." Marxist Historicism (which for the most part has been …