Kahneman and schizophrenia in economics
I was at a fascinating session last night, with Nobel Laureate Daniel Kahneman in conversation with a leading thinker from the advertising world, Rory Sutherland of Ogilvy and Mather. Kahneman was talking about his book Thinking Fast and Slow, a summary of his life’s work. I am a great admirer of Kahneman. Trained as a […]
Compulsion or Co-operation: Curbing Executive Pay
Andrew Moss, who has been in charge of Aviva since 2007, has become the third chief executive to quit amid increasing shareholder discontent in recent weeks, following David Brennan at AstraZeneca and Trinity Mirror’s Sly Bailey. Just what is going on with the public limited company, one of the great inventions of capitalism? It has […]
Co-operation and Competition
Ed Mayo, ex-head of the New Economics Foundation and now of Co-ops UK, has an interesting blog (here) on the importance of co-operation in our economic system rather than competition. This is a really challenging and difficult topic. Co-operation is extremely important to the successful functioning of the market-oriented economies of the West. But this […]
