Category Archives: Sustainable Economies

Modern Medicines for Sick Economies: Introduction (Part 1 of 3)

“I will prescribe regimens for the good of my patients…. and never do harm to anyone.”  Part of Hippocratic Oath On the damp, frigid Thursday morning of December 12, a robust, 67 year old George Washington, rested and content from … Continue reading

Posted in Business Health, Sustainable Economies | 2 Comments

Collective bargaining is essential but usually fatally flawed

The collective bargaining between the NFL owners and players broke down quickly. Next season is in jeopardy. There are two serious flaws in their negotiations: a lack of mutual respect and an absence of key stakeholders. The first led to … Continue reading

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Watson: a boon and a danger

 In his essay In the Watson Era, Will the Computer Be Servant, Master, or Savior? , Clay Farris Naff correctly grasps the potential that Watson demonstrat­ed when it beat two Jeopardy champions. As he says, there is no doubt that … Continue reading

Posted in Politics, Sustainable Economies | 1 Comment

Economics Symposium at MIT: brilliant and interesting, but largely unreal

Last week MIT kicked off its 150th anniversary with an economics symposium which featured about 30 of the titans of economics and finance connected to MIT, including two Nobel Laureates. More than 1000 people gathered in Kresge Auditorium to listen … Continue reading

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1 Fundamentals of Systems

An economy is a huge, complicated and somewhat uncertain system. It includes materials, machines, networks, companies and governments as well as millions of people who make rational, emotional and arbitrary economic decisions. Some decisions, like buying a suit at Nordstrom … Continue reading

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Modern medicines for sick economies

“I will prescribe regimens for the good of my patients…. and never do harm to anyone.”   Part of Hippocratic Oath Introduction On December 12, 1799, at the age of 67, George Washington fell ill from an infection which, today, … Continue reading

Posted in Business Health, Politics, Sustainable Economies | 2 Comments