Economics

Why Whitehead’s Science and the Modern World Must Be Required Reading for MBAs

Business schools teach optimization. They teach market analysis, financial modeling, supply chain efficiency, and strategic planning. They train students to break problems into manageable pieces, to quantify everything that can be quantified, and to make decisions based on measurable outcomes. This approach has built empires and created enormous wealth. It has also, increasingly, created enormous […]

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Why Karl Marx Misunderstood Entrepreneurship

The Problem of Profit: Why Karl Marx Misunderstood Entrepreneurship

Karl Marx’s critique of capitalism, articulated most comprehensively in Das Kapital, remains one of the most influential economic theories in history. At its heart lies a powerful indictment: profit represents exploitation. According to Marx, capitalists extract surplus value from workers by paying them less than the value they create, pocketing the difference as profit. This

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By Photograph: JonathunderMedal: Erik Lindberg (1873-1966) - Derivative of File:NobelPrize.JPG, PD-US, https://en.wikipedia.org/w/index.php?curid=58432969

Nobel Prize Economics 2025: Mokyr, Aghion, Howitt — The Innovation Trilogy

On October 13, 2025, the Royal Swedish Academy of Sciences announced the recipients of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Joel Mokyr, Philippe Aghion, and Peter Howitt were honored for their groundbreaking work in explaining the role of innovation in driving economic growth. This Nobel Prize recognition celebrates the

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