An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.
Laurence J. PeterTag: economics economists
The curious mind embraces science; the gifted and sensitive, the arts; the practical, business; the leftover becomes an economist
Nassim Nicholas TalebTag: science art mind economics intellect expertise economists
Most economists are accustomed to treating companies as idyllic places where everyone is devoted to a common goal: making as much money as possible. In the real world, that’s not how things work at all. Companies aren’t big happy families where everyone plays together nicely. Rather, most workplaces are made up of fiefdoms where executives compete for power and credit, often in hidden skirmishes that make their own performances appear superior and their rivals’ seem worse. Divisions compete for resources and sabotage each other to steal glory. Bosses pit their subordinates against one another so that no one can mount a coup.
Companies aren’t families. They’re battlefields in a civil war.
Yet despite this capacity for internecine warfare, most companies roll along relatively peacefully, year after year, because they have routines – habits – that create truces that allow everyone to set aside their rivalries long enough to get a day’s work done.
Tag: company workplace economists
And it is funny because economists are not real scientists, and because logicians think more clearly, but mathematicians are best.
Mark HaddonTag: logicians nerdy mathematicians economists
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