Weston Wellington September 16, 2011 Anyone studying the long-run history of American business cannot help but observe how many of the prominent firms of one era fail to make it to the next. Free-market economies are characterized not only by intense competition but also by disruptive change. Sometimes a company’s toughest competitor turns out to [...]
We are all familiar with the idea of “the wisdom of Solomon” because he figured out how to discern the real mother of an infant by threatening to cut the infant in half and each woman could have half an infant. Of course the real mother said, “No, give it to the other woman” and [...]
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