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Fair Wages and Happiness
ByadminAccording to traditional economic theory, when people perform jobs for pay, they decide whether the pay they receive is large enough to justify the effort they put into the task at hand. But what if someone else is doing the same work for more pay? They probably won’t feel so great about their jobs anymore,…
Are Infertility Doctors Turning into Predatory Bankers?
ByadminSomewhere near where you live, a couple will discover this week that they are infertile and that if they want biological children of their own, they are going to need in vitro fertilization (or IVF). According to treatment protocol, the woman will need to take powerful medicines to ramp up her production of fertilizable eggs….
Surgeons Know Bad Surgeons When They See Them
ByadminThe surgeon told the Weindel family that the operation had gone well. He had taken Dale Weindel’s stomach and cut it into two, and rerouted his small intestines so that all the food Weindel ate would now pass through the smaller portion of his stomach. He had given Weindel a “gastric bypass” operation, the best…
A Magician's Eye for Consumer Scams
ByadminOne of the themes running through Fooling Houdini that I like the most was the strong connection that Stone made between magic, con artistry, and even common business practices. Magicians have long been known for their ability to spot scams. After all, their profession is based on developing the ability to fool people. That is…
Legends of the Fall Semester?
ByadminIn case the Internet had any remaining credibility, as a source of truthful information, the MBA channel now lists me as a B School legend: The U.S. based website Poets & Quants has published a different kind of ranking. They haven’t chosen the best b-schools, but instead paid tribute to some of the best b-school…
How Bankers Use Other People’s Money
ByadminI came across an interesting quote in the New Yorker recently, reflecting on the US banking system. It reads: The power and the growth of power of our financial oligarchs comes from wielding the savings and credit capital of others. The fetters which bind the people are forged from the people’s own gold. Pretty timely thoughts,…