Milton Friedman’s idea that owners of, and managers at, companies should only care about the owner’s wealth is pretty odd when you think about it. Owners have long cared about much more because they are human beings. A book on the Guinness family suggests owners often care about beer, housing, God, and national identity. What…
Category: History
Corporate Social Responsibility
Managers at firms have a long history of seeing their role as more than just making money for their owners. Indeed, many business owners don’t just see business as only a source of profits. One way of discussing the obligations of firms is to discuss Corporate Social Responsibility (CSR). Today I’m looking at a history…
Change For The Better
A new year post about change for the better. Finton O’Toole tells a personal history of Ireland. This starts with his birth in 1958 and goes to the present. He is an excellent writer and there is a lot of interesting information. In this post I’ll just look at the core themes of his country…
History Of Sustainability
Jeremy Caradonna wrote a history of sustainability in his book, Sustainability. (I read the revised edition from 2022). This work draws linkages from early ideas of sustainability and looks at where we are now. Things have moved forward, and back, on the sustainability front. There is some interesting history. As someone who lives in Georgia,…
Zero Sum Thinking
Heather McGhee has a popular book on the problem of zero sum thinking. Her specific focus is on racism in the US. The argument is quite simple. Racism prevents policies that would benefit everyone. Zero Sum Thinking People often have a tendency to think of the world as having a fixed amount of a certain…
Epidemiological Transition
A second post on Angus Deaton’s The Great Escape. Here I discuss the epidemiological transition that he notes. There is a general movement in the way disease tends to afflict a country (and indeed across the whole world). The problems of disease, what the diseases are, and who they target, have a distinct pattern. Epidemiological…
Escape From Poverty And Disease
Angus Deaton, a famous economist, has a book, The Great Escape. This outlines humanity’s escape from poverty and disease. He outlines the progress that we, collectively, have made and gives his thoughts on what needs to be done. The Great Escape The title of the book is well chosen. It probably works better if you…
Sustainability And Grand Historical Sweeps
One way of arguing for the value of sustainability is to suggest that we (humans, westerners, whatever) have declined from a past that was more in touch with nature. Jason Hickel does this by combining ideas about sustainability and grand historical sweeps. History Is Very Much In The Past This isn’t the approach I would…
What’s With The Alexander Stuff?
There is a cottage industry of people writing about business using the lessons of Alexander the Great. I have only one question: What’s with the Alexander Stuff? The Macedonian king was a terrible bloke, and there are plenty of easier, and much more novel, ways to illustrate business situations. Business As War: Not Really Business…
Business Ideas Change
Reading history gives you an understanding that things change. (Often for the better, see here and here, but that isn’t the point of today’s post). Here I just want to note how business ideas change. This is important to remember. What we advocate now might be thought weird, quaint, or barbaric in the future. The…
