“Markets are a means of resource allocation, and often a really effective one at that. But they’re not good for everything – or at least not without a lot of engineering and tweaking. That’s something both free-market advocates, as well…
“Markets are a means of resource allocation, and often a really effective one at that. But they’re not good for everything – or at least not without a lot of engineering and tweaking. That’s something both free-market advocates, as well…
“If the machines are doing the routine work, then humans must do the non-routine work. To be an innovator, you need to talk about unsolved, important problems.” – University of Waterloo Professor, Larry Smith Last night I joined two former colleagues,…
“If any of you go running or ride a bike, you’ll know that when you’re running of bicycling into the wind, you’re very aware of it. You just can’t wait till the course turns around and you’ve got the wind…
“The world that English football is now played in has changed again. The country is increasingly diverse; society is more individualized and more networked, and the economy has become an exemplar of a globalized and deregulated liberal model of capitalism.…
“The world is arguably facing seemingly insurmountable constraints across the whole gamut of commodities – arable land, water, energy, and other minerals. Moreover, with China’s aggressive rush for resources, many countries are likely to be caught short as the commodity…
“That’s how we give rise to the virtuous cycle of job creation and innovation. We seed an environment with both human capital and financial capital and we engage for years. We make it so that building things is the valued…
“The line between gambling and investing is artificial and thin. The soundest investment has the defining trait of a bet (you losing all of your money in hopes of making a bit more), and the wildest speculation has the salient…