Tag: sustainable
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Bubbles
Irrational Exuberance In a lovely talk to the Concept Exchange Society, economist Daniel Friedman told us about financial markets. He said that a financial market is a “marketplace where promises are bought and sold by strangers”. I like that image. A bond is such a promise; a promise to pay interest at fixed intervals and…
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Sustainable Growth?
Can growth be sustainable? Free giveaways generate buying. Chris Anderson, in a recent article in Wired Magazine, rejoices in the idea. He perceives a new business paradigm in this form of selling. The article is called, “Free! Why $0.00 Is the Future of Business”. It’s a confused and disjointed article burdened with irrelevancies and embarassing…