Complexity is all around us, but do we really understand what it means? And how are financial markets and economic systems affected by it? In this post, Dr. Giovanni Siepe takes a systemic perspective. What is a system and what does complexity mean? There are many conversations taking place about complexity and complex systems. In […]
MBAs – Are They Killing Our Economy?
Dr. Deming said it years ago – MBAs teach students to raid companies, not to manage them. In her new book Makers & Takers: The Rise of Finance and the Fall of American Business, Rana Foroohar, assistant managing editor at Time, points a finger at business education. She states that in spite of the increase in people studying […]
Another Financial Crisis? Ethics and Wall Street Regulation
Today we learn that the Trump administration have just made an assault on financial regulation, announcing an ‘array of steps to tear down safeguards enacted to prevent a repeat of the 2008 financial crisis’ according to the New York Times. Described as a ‘gift to Wall Street’, the news leaves us speechless, so our blog post […]
Why Physics is Crucial for Understanding Global Business: the Network of Corporations
The entire world is in turmoil; people are on the streets complaining about the economy and the way politicians and experts are dealing with the crisis. The ‘Occupy Wall Street’ movement is gaining somewhat fuzzy momentum. Today they are organizing a march against Goldman Sachs in New York. Is the corporate world intrinsically unfair? A […]