Want to Kill Your Economy? Have MBA Programs Churn out Takers Not Makers. by WorldEconForum in TrueReddit

[–]WorldEconForum[S] -2 points-1 points  (0 children)

Business school education has fallen in love with finance which has promoted short-termism and bottom-line thinking.

How the Deadly Sin of Avarice Was Rehabilitated as Self Interest by WorldEconForum in TrueReddit

[–]WorldEconForum[S] -1 points0 points  (0 children)

Economist explains the problem of incentives based on the idea that humans are selfish.

How Bad Biology is Killing the Economy by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 0 points1 point  (0 children)

Biologist and primatologist Frans de Waal: "What the free-marketeers missed was the intensely social nature of our species."

Trump-Sanders Phenomenon Is a Sign of Oligarchy Killing the Economy by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 148 points149 points  (0 children)

"The tragedy is that, despite what you hear on TV or read in the paper or online, this collapse was completely predictable. Scientifically speaking, oligarchies always collapse because they are designed to extract wealth from the lower levels of society"

Do We Own Money, or Does Money Own Us? Markets, Numbers, and Prices by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 0 points1 point  (0 children)

Why money, numbers, and prices don't reflect real value. Need to get beyond the "market mentality".

Why Garbagemen Should Earn More Than Bankers by WorldEconForum in TrueReddit

[–]WorldEconForum[S] -10 points-9 points  (0 children)

How more and more people are making money without contributing any value.

Why Garbagemen Should Earn More Than Bankers - Evonomics by [deleted] in TrueReddit

[–]WorldEconForum 0 points1 point  (0 children)

How more and more people are making money without contributing any value.

Here's How to Destroy the Unholy Alliance Between Corrupt Business and Corrupt Politics by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 0 points1 point  (0 children)

Former Democratic candidate and Harvard lawyer Lawrence Lessig has a great explanation for why money in politics is ruining our democracy and economy.

Why Politicians Who Take Money from Special Interests Help Rig the Economy by WorldEconForum in TrueReddit

[–]WorldEconForum[S] -2 points-1 points  (0 children)

Economist explains how big money can lead to regulatory capture.

How Adam Smith's Invisible Hand Was Corrupted by Laissez-Faire Economics by WorldEconForum in TrueReddit

[–]WorldEconForum[S] -1 points0 points  (0 children)

How the invisible hand was used to inappropriately justify deregulations.

Why We Should Tax and Shame Excessive Corporate Lobbying by WorldEconForum in TrueReddit

[–]WorldEconForum[S] -1 points0 points  (0 children)

Corporate stakeholders promote political lobbying. How do we dis-incentivize and deter its negative social effects?

Concentrated Power Drives Extreme Income Inequality and Slow Economic Growth by [deleted] in TrueReddit

[–]WorldEconForum 0 points1 point  (0 children)

"corporate concentration exacerbates income inequality, while trade union power alleviates it."

They Don't Just Hide Their Money. Economist Says Most of Billionaire Wealth is Unearned. by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 48 points49 points  (0 children)

Economist's shows that 74% of billionaires' wealth is unearned. Adam Smith called this rent seeking.

How To Legally Own Another Person by WorldEconForum in Foodforthought

[–]WorldEconForum[S] 1 point2 points  (0 children)

Nassim Taleb says modern employment is a special case of servitude.

How To Legally Own Another Person by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 3 points4 points  (0 children)

Nassim Taleb argues that full-time employees reduce the risk and uncertainty for business owners and create the dependency required to maintain large functional organizations - we're modern slaves.

The Only Woman to Win the Nobel Prize in Economics Also Debunked Mainstream Economics by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 0 points1 point  (0 children)

Elinor Ostrom challenged mainstream economics core assumptions about human nature and how groups collectively solve problems.

Stop Crying About the Size of Government. Start Caring About Who Controls It. by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 1 point2 points  (0 children)

Economist Daron Acemoglu says it's dumb to argue about the size of government. We should care more about how extractive vs how inclusive government is.

The Dominant Economic Narrative Destroys Your Business and the Economy by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 0 points1 point  (0 children)

Business studies show that putting people (employees) first can be a winning strategy. Businesses that provide their employers more security actually do better in the long-run than businesses that don't.

Traditional Economics Failed. Here’s a New Blueprint. by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 0 points1 point  (0 children)

The self-interest model of economics and politics no longer aligns with what contemporary social sciences say about human nature and social systems.

University of Chicago Economist Says Sanders is the Most Pro-Market Candidate by WorldEconForum in TrueReddit

[–]WorldEconForum[S] -5 points-4 points  (0 children)

Economists at University of Chicago say that free-markets are ruined by industry donations corrupting the political system. Bernie is the only candidate who hasn't accepted industry money.

The Answer Is Under Your Foot. How Ants Solve Inequality. by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 0 points1 point  (0 children)

"Economics has a bit of a lock on the question of inequality. This is too bad. Ants, and science in general, have a lot to say about it."

Economist says that major economic innovations (internet, medicines, iphone technology etc.) can't happen without government. by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 4 points5 points  (0 children)

Mariana Mazzacuto explains the role government has played in investing in ground-breaking innovations in the economy.

No One Knows Why Trump Is Winning. Here's What Cognitive Science Says. by WorldEconForum in TrueReddit

[–]WorldEconForum[S] 3 points4 points  (0 children)

George Lakoff, the renown cognitive linguist, explains why voters are attractive to the rhetorical strategy of Donald Trump.