O’Reilly argues that the concept of a business that exists solely for the purpose of making money for its shareholders is fundamentally flawed. Every business has an obligation to create value.

Gerd adds: great summary of where the future of capitalism is going ! May 10, 2013 at 09:38PM

an increasing number of people both inside and outside the nonprofit world seem drunk on the Kool-Aid of business superiority. Too often people equate “business thinking” with effectiveness. January 24, 2013 at 03:57PM

Since BNNM was conceived in 2010, it has become something of a beacon for the conscientious and collaborative consumption movement in Melbourne. “Part of it is about conscientious consumption or collaborative consumption and asking the questions like who made it? Where is it going to go after I use it? Do I really need it? How much is ‘enough’?” DiMattina says. According to DiMattina, there are different models of new consumption. For example, some people would never consider going to a charity store but will go out and buy something new that is made ethically. While other people swap their wardrobes around constantly and share their things. November 29, 2012 at 08:04AM

Since BNNM was conceived in 2010, it has become something of a beacon for the conscientious and collaborative consumption movement in Melbourne. “Part of it is about conscientious consumption or collaborative consumption and asking the questions like who made it? Where is it going to go after I use it? Do I really need it? How much is ‘enough’?” DiMattina says. According to DiMattina, there are different models of new consumption. For example, some people would never consider going to a charity store but will go out and buy something new that is made ethically. While other people swap their wardrobes around constantly and share their things. November 29, 2012 at 08:04AM

“Our current business approach (with its immense power to fuel problems as well as deliver solutions) is neither balanced nor holistic but a continuation in reductionist thinking that is anthropocentric in its belief and behaviour”
Gerd comments: totally spot-on, couldn’t have said it better myself :) November 23, 2012 at 12:20PM

Theory vs. people: Andrew W. Lo makes the point, which causes me great anxiety that there is an overt emphasis on theoretical models and maths. This to me defies common sense simply because economics is ultimately about people, society, the messiness of our lives. We do not exist ‘in theory’ and in perfect equilibrium – my question is HOW could the teaching of economics arrive in such a place? November 06, 2012 at 03:12PM