There’s a Harvard Professor named Richard Wolfe who always likes to tickle his audience by asking the question “Why do universities have an Economics department that’s distinct and separate from the Business School?” And then he gets into the distinctions between the western ideology around economic planning relative to the practical education around running an efficient business.
The People’s Republic of Walmart also goes into this bifrication of western understanding of efficient economic practices. Theorists preach the value of competition and choice and flexibility and auction pricing, while successful CEOs tend to prefer strict hierarchies over regional monopolies with steady schedules and well-defined quotas and flat fees.
There’s a Harvard Professor named Richard Wolfe who always likes to tickle his audience by asking the question “Why do universities have an Economics department that’s distinct and separate from the Business School?” And then he gets into the distinctions between the western ideology around economic planning relative to the practical education around running an efficient business.
The People’s Republic of Walmart also goes into this bifrication of western understanding of efficient economic practices. Theorists preach the value of competition and choice and flexibility and auction pricing, while successful CEOs tend to prefer strict hierarchies over regional monopolies with steady schedules and well-defined quotas and flat fees.