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I previously wrote about why the most prominent ideas behind Web3 are bullshit, and how proponents of the trend confuse a technological problem with a political one. I also explained that while… ....
Conclusions Peter Brown and Peter Timmerman argue that mainstream economics is an ‘orphaned discipline’. It is founded, they claim, on a “dated and unrevised metaphysical and prescientific vision that is “incompatible with what we know about the universe and our place in it (Brown and Timmerman, 2015). Looking at free-market theory in the context of the modern understanding of evolution, this assessment rings true. Please share this article - Go to very top of page, right hand side, for social media buttons. Adam Smith’s concept of the invisible hand was a plausible hypothesis when it was proposed more than two centuries ago (Smith, 1776). Given the state of knowledge at the time, it seemed possible that self-interest, if properly channeled, could benefit groups. But as our knowledge of evolution has progressed, this hypothesis has grown steadily less plausible. The problem is that the major transitions in evolution show a pattern that is the opposite of th ....
It’s Time to Replace the Public Corporation We need a model that truly focuses on the long term. by Andrea Stone Summary. Critics charge that in today’s heavily traded capital markets, executives are increasingly incentivized to manage in tiny, short-term windows, with an eager eye on their stock-based compensation and a fearful one on activist hedge funds. In any case, something isn’t working: The number of public companies in the United States declined by half from 1997 to 2015, while the number of companies with a dominant shareholder or a dominant group of shareholders in the S&P 1500 increased by 31% from 2002 to 2012. ....