It’s in your food supply. It affects your health. The Fed Chairman does it. Robin Hood did it. Dying people must deal with it. The 1% get their share but so do single Moms. You can find it in merit scholarships. It was behind the Cold War. It pits the old against the young and [...]
The Story of I, We, and IT continued The history of homo-economicus has always been about a battle between the I and the We. For each side, the IT has always been about equality. The I’s want equality of prospects for individuals to have the freedom to pursue the goals and motivations without government getting [...]
Whether it is the Middle East or an American election, there is a natural tension between political and economic change. In Egypt, for example, political change has caused an old regime to be ousted while the new government is just trying to form and develop. This change though, while political, has yet to address how [...]
There is a collective energy that flows in our global world. Think about how many of us are reflecting on the impact of the killing of Osama Bin Laden (OBL). Ironically, this came just briefly after many of us, although a smaller majority, had watched the pomp and circumstance of the Royal Wedding. To some, [...]
In part I, how culture uses its large institutions may be blocking the changes needed to sustain the very institutions that we need. We need these institutions to not only flourish but for our survival. We used the examples of college admissions, collegiate athletics, commodities trading, and political elections. Can we change the story of [...]
In order to make money work better for everyone, you have to be a selfish collaborator. It may sound like an oxymoron but let’s start by digging deeper into money’s past. In Money 1.0, meaning the original version of money’s introduction into the world, money’s use had to become widespread and those using it had [...]
Did you ever want to go back in time and say some clever retort that you failed to say the first time? There is a French phrase called l’esprit de l’escalier which translates that being on a staircase indicates that you are already about to leave which then means that the time has passed for [...]
I saw something that I hadn’t seen in quite some time. I saw the carpet on the floor of my son’s room. He had, get this parents, cleaned his room of his own volition. Now as parenting battles go, we had lost this one a long time ago only to try and win the greater [...]
…Thou Shalt Buy Meaning. Thou Shalt Sell Money. Thou Shalt Hold Change How to Be a Productive Economic Being in a Changing World Here are two sugar world stories. About fifteen years ago, Joshua M. Epstein and Robert Axtell created Sugarscape, a simplified computer model for how an economy can take shape. There was a [...]
Advice for New Year’s Resolutioners (other than a resolution to break more resolutions than any other previous year) Here’s a twist on New Year’s Resolutions. This is the time of year to assess where we are and reflect on making changes. That means it is decision time. It may be around money or some personal [...]