Profit maximization, the idea that you should strive to get as much benefit as you can out of the time and money you put into a commercial endeavor, has been a mainstay of our business paradigm for generations. It’s easy to see why. What sane person would want anything less than the maximum benefit they can get for their efforts?
Consider what it would mean if that economic analysis of mental illness determined that treating it was not profitable. What then? If easing suffering is not profitable, are we willing to allow people to suffer?
A while ago I wrote about my decision to experiment with the use of engaged-learning practices in my third year business classes (see Engaged Learning - My Grand Experiment Part I). Time to tell you the results. Overall, I'm happy with how it worked out, though it wasn't a clear win on every parameter. Let... Continue Reading →
Another semester has come and gone. In business school, the final week of class is usually when student presentations are scheduled. This is my favorite time of year. I get to sit back and have my class teach me, students get to show off what they've learned and the class learns from each other. Of... Continue Reading →
This book should be required reading for everyone. Ok, let me back up a moment and tell you what this book's about, first. It's a "pop-economics" book presenting an overview of key pitfalls in the US economy. It identifies 6 bubbles in the US. Four have burst, 2 are still on deck waiting to happen.... Continue Reading →