I came across a short article by Ronald Coase (1991 Nobel laureate in economics) published at the Harvard Business Review a few months before he died, aged 103, in 2013. The article is a delicious call for economists to re-engage with the (real life) economy. I want to focus on just one sentence in the…

Standards are meant to ensure that products and services are safe, reliable and of good quality. More often than not, there are multiple ways in which standards can be met, depending on the context and external conditions. That's why it's important to localize international quality standards, ensuring the standard is achieved but taking into account local…

The fall of the Berlin Wall, which happened exactly 25 years ago, marked the dawn of a very complex transitional period for Eastern European countries. Yet even amid the tough environment, some entrepreneurs were able to overcome all the barriers and start businesses, some of which have since become thriving multinationals. At that time, entrepreneurs…