Production Theory
The Myth of the Platform Company
There cannot be such a thing as an organizational model for high returns because organizing a firm is an exercise of entrepreneurship. While there can be platform companies, there is no such thing as a platform model, nor a platform company economy.
Nationalizing the Wine Industry
Since we know the monstrosities associated with government buildings, monuments, and state-built cars, surely then, we can imagine a Europe with a
Just Print the Necessary Funds
Over the weekend I watched “Flags of our Fathers“ and one quote
7. Capital, Interest, and the Structure of Production
Time preference says that individuals prefer satisfaction now to later, present to future. This explains the loan market. In the structure of production, the capitalist pays wages now, despite the fact that he himself does not get paid until the final stage when the product actually comes to market.