Engineering vs Economics
Here is an engineer working for NASA describing his approach:
“I try to predict what happens when a spacecraft enters the atmosphere...
Moving beyond Capitalism
I wish we would stop using the word Capitalism.
It is a 19th-century term, derived from 19th-century economic philosophy. But today ...
The Concept of the Corporation
Over the past fifty years or so, the economic theory of the firm has been based on a model of corporate activity which perceives the fi...
Do we need equity markets in the twenty first century?
The equity markets with which we are familiar came into being in the 19th century to finance railways and railroads. Railways and...
Risk and the retail investor
I am a board director of Scottish Mortgage Investment Trust, a £6bn investment fund based in Edinburgh. You can receive material a...
Housing policy
The UK housing market is “broken”. Even the government agrees on that. But who broke it? And how t...
The Concept of the Corporation
The Brooklyn Engineer and the Viennese Intellectual
In 1943, Alfred Sloan and Peter Drucker met...
Business is not politics
After the failed popular uprising in East Germany in 1953, Bertolt Brecht wrote sardonically
.... the peopleHad forfeited the...
Business is not politics
After the failed popular uprising in East Germany in 1953, Bertolt Brecht wrote sardonically
.... th...
Infrastructure
We need more infrastructure spending. With long term interest rates around zero and a sluggish economy, the opportunity seems obv...