A Challenge to Millennials: Recreate a World Where Participation Has Meaning There are a scant few who would defend that money works. If you are one of the lucky ones for whom it is working, than you would also be one of those who are quietly doing the defending. For the vast majority though, money […]
I was once a young man. I not only suffered from the petulance of youth but at the same time pictured the possibility of an ideal world in which I could personally make a difference. I became disheartened though when I found myself living paycheck to paycheck and every dollar that came in was a […]
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 […]
Knowledgeable Pinheads and Sneaky Pickpockets make the Economic Universe Let’s go back to the beginning…the very beginning. All matter was gold until the great explosion sent gold pieces hurling into deep space. When the stars and planets formed though they were not just made of gold and land but combined with labor and capital. And […]
When was I in junior high school, otherwise now known as middle school, my heart would delight when I would see the AV kids (that’s audio-visual for the uninitiated) there when I entered a room. This would mean that there, in the back of the room, was a projector that would show us a film. […]
It’s official. The financial markets have been diagnosed with bipolar disease. Wildly down one day and then up the next (or even during the same day). Everyone wants to know whether consumers will have the confidence to keep buying anything and everything they can find. One day it seems we will keep buying and buying […]
Living in Los Angeles, I am inundated with stories in the papers about Frank McCourt, the owner of the Dodgers baseball team. His fate seems to also be aligned with the other news in the form of the nefarious Momar Gadhafi of Libya as they both try to cling to power with institutional forces trying […]
Leveraging Fairness with Commensurate Freedom in a BoodleWorld Imagine that you’ve gone to the doctor because you are hyperventilating and extremely nervous. The doctor asks you what you normally do when you are tense. You respond that you smoke a cigarette. The doctor, concerned about what will happen if you don’t get your anxiety under […]
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 […]
Tom is in charge of holding the balloons for his daughter’s party. The sun is going down. He looks up and notices a single balloon moving across the sky like a satellite. The balloon gets smaller and smaller and farther and farther away. He is the only one who sees the balloon. When starting a […]
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