Monthly Archives: January 2018

Nationalization or privatization?

(featured image credit: Krahsman) Do private and public organizations (and their employees) make inherently different trade-offs? Todd Dewey is on his way from Winnipeg, Canada to North Spirit Lake, 500 km to the north east. He is one of the … Continue reading

Posted in Behavioural economics, Economics, Management, politics | Tagged , | Leave a comment

Dissonance in human nature

How do we resolve the inevitable perceived contradictions in the traits of the people around us? In The 7 Habits of Highly Effective People, Stephen Covey relates how he was riding on the New York subway one Sunday morning. The … Continue reading

Posted in Behavioural economics, Emotions, politics | Tagged , , | Leave a comment

The immaterial economy

(featured image credit: torstensimon) The peculiarly human nature of economics On Wednesday 10 January Philip Hammond, the UK’s chancellor of the exchequer, and his cabinet colleague David Davis, the secretary for Exiting the EU, flew to Germany. The aim of their … Continue reading

Posted in Behavioural economics, Economics, Emotions | Tagged , , | Leave a comment

Someone else’s shoes

(featured image: Three-shots) Metaphorically wearing other people’s shoes can help us understand them better… but what if they don’t fit? “Before you criticize someone, you should walk a mile in their shoes. That way when you criticize them, you are … Continue reading

Posted in Behavioural economics, Cognitive biases and fallacies | Tagged | Leave a comment