Patience

Patience

Patience World economic markets are now DISORDERLY.  In Econ 101 we learn that constraints on supply without attendant constraints on demand lead to inflation. In addition, we learn that in modern complex economies, government monetary policy (the printing of money)...
Recession Potential

Recession Potential

Recession Potential Dr Thomas C Schleifer Everyone agrees that the COVID-19 world-wide economic shutdown, interrupted supply chains, Russia’s barbaric invasion of the Ukraine, fuel shortages, and persistent rampant inflation all add up to, at the very least,...
The Care and Feeding of the Workforce – A Culture Case Study

The Care and Feeding of the Workforce – A Culture Case Study

My interest in corporate cultures began with a productivity research project that brought to light the impact of the attitude of workers putting in the footings for a new project.  We were trying to determine if the workers’ understanding of what they were...
An Approximation Based on Two Guesses

An Approximation Based on Two Guesses

How is it possible that construction concerns being run by professional managers in the 21st century often run out of cash and suddenly cease operations? Most modern industrial companies have heads-up enough to file a bankruptcy and ask the court to help them work out...