If you want to convince yourself you can read a foreign language, try reading business articles. Well, let me clarify that: I’m not saying business English is a foreign language, I’m saying that business articles in another language you more or less know will prove surprisingly transparent. I spent a recent flight back to the … Continue reading A Second Law of Strategy: All Profits come from Routine Innovation
I and the public know What all schoolchildren learn, Those to whom evil is done Do evil in return. --W.H.Auden, "September, 1939" I am not a big fan of cultural criticism, and only a little better disposed toward social psychology (its somewhat harder working older brother). But unless one wants to live between the questions posed … Continue reading “Hurt people hurt people.”
Political and cultural critics of Islam often point to Islam’s supposed lack of provision for “civil society”, that is, a failure to provide enough separation between “church” and state for politics to have any independence of religion or for “rights” to have any foundation or existence other than in Islam. Brookings Institution fellow Shadi Hamid … Continue reading Before ISIS, there were people having an intelligent discussion on the prospects for an Islamic State
Thought leadership is not leadership. Expertise in the direction of the moment does not make one a strategist any more than the direction itself constitutes a strategy. We can see this by looking at the waves of fashion in business consulting. A time series of business buzz phrases- if you picked them carefully - might suggest some … Continue reading Buzz is Noise: A Law of Business Strategy
Bruce Caldwell is an economist, historian of economics, Hayek scholar, and Director of the Center for the History of Political Economy (“CHOPE”) at Duke University. I recently came across his 2012 Southern Economic Association presidential address, “Of Positivism and the History of Economic Thought” (VI), in which he links the decline of positivism with the hope … Continue reading Two Cheers for Positivism: On the Methodology of Economics
On average, over the last 145 years, the economy of the United States, measured by GDP per capita, has grown 2% per year. Over the last 45 years, however, US per capita growth has been markedly slower, averaging 1.62% for the period 1970-2014. In the wake of the 2008 financial crisis and the slow recovery … Continue reading Against the Winds: Can Innovation Overcome the Negative Trends in the American Economy?
"Individual fates are blown around like leaves in a storm once history strikes" --Stanley Hoffman (1928-2015) The obituary of Stanley Hoffman, an esteemed, humane and quotable international relations scholar, appeared in today's New York times. Once himself an individual displaced by war and prejudice, his counsel - at a time when discrimination and displacement are … Continue reading Stanley Hoffman (1928-2015)