Picture two economists standing at opposite ends of a bridge, both claiming they want to help poor people cross to the other side. One wants to give everyone a ticket, rich and poor alike. The other wants to pay only for those who cannot afford the crossing. They’re both talking about cash transfers, but Milton […]
UBI vs. Negative Income Tax: Through the Lens of Milton Friedman Read More »
Your landlord just raised your rent again. Your savings account yields 0.5% while inflation runs at 3%. Meanwhile, someone’s trust fund baby Instagram account shows them sipping cocktails in Bali, captioned “passive income life.” And somewhere in your chest, something tightens—a feeling that’s part envy, part moral indignation, and entirely confused about whether it should
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
Why Whitehead’s Science and the Modern World Must Be Required Reading for MBAs Read More »
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
The Problem of Profit: Why Karl Marx Misunderstood Entrepreneurship Read More »
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
Nobel Prize Economics 2025: Mokyr, Aghion, Howitt — The Innovation Trilogy Read More »