"A science of economics must be developed before a science of politics can be logically formulated. Essentially, economics is the science of determining whether the interests of human beings are harmonious or antagonistic. This must be known before a science of politics can be formulated to determine the proper functions of government."
- Claude - Frederic Bastiat
Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts
Saturday, September 18, 2010
Tuesday, December 29, 2009
Principles of Conscious Capitalism
1) Business has potential for deeper purpose
- false dichotomy: business = greedy, non-profit = caring
2) Business should be viewed as holistically interdependent
- follows from Adam Smith's "harmony of business" (in order for business to flourish employees, suppliers, and consumers must be satisfied)
3) A different philosophy of leadership
- "paradox of profits" -- profits best achieved by not aiming directly for them
- companies that only focus on short-term profitablity destroy themselves by alienating, exploiting, and angering the stakeholders
"Bureaucracy isn't going to solve our problems, but creative entrepreneurs."
- John Mackey, Reason.tv Interview
- false dichotomy: business = greedy, non-profit = caring
2) Business should be viewed as holistically interdependent
- follows from Adam Smith's "harmony of business" (in order for business to flourish employees, suppliers, and consumers must be satisfied)
3) A different philosophy of leadership
- "paradox of profits" -- profits best achieved by not aiming directly for them
- companies that only focus on short-term profitablity destroy themselves by alienating, exploiting, and angering the stakeholders
"Bureaucracy isn't going to solve our problems, but creative entrepreneurs."
- John Mackey, Reason.tv Interview
Subscribe to:
Posts (Atom)
