Squaring the Circle: Growth, Employment and Inequality

I need to confess to the reader that I have problems, but not solutions. Specifically, there are three problems. First, the rate of growth is decreasing in several countries: certainly in Europe, but also in Japan (my generation can still recall the years of the Japanese “miracle”), in the U.S. (what today is considered growth…

Business Plans Should Move to the Back Seat

Entrepreneurship, at least from the perspective of teaching and competitions, is all about business plans. This, however, is the wrong focus. New ventures, whether a new startup or a new idea in an established company, are about discovery. The more an entrepreneur wants to build a new market or change the parameters of an existing…
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Why Good People Do Bad Things and What We Can Do About It

We can agree that people desire – in general – to act in an ethical manner and see themselves as ethical people. And there is general agreement also on values that matter to most people across different cultures: courage, justice, humanity, temperance, wisdom and transcendence. That said, there are many situations in which good people…
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