ayn rand

Organizations Need Simplicity

“Think simple” as my old master used to say – meaning reduce the whole of its parts into the simplest terms, getting back to first principles. Frank Lloyd Wright Why is it that so often people look for complex solutions to problems? One reason is that people tend to mistrust that a simple solution can [...]

How to Eradicate Poverty

Daron Acemoglu, the Charles P. Kindleberger Professor of Applied Economics at the MIT Department of Economics, has written an excellent article for Esquire titled ‘What Makes a Nation Rich? One Economist’s Big Answer’. The hypothesis that Acemoglu proposes is that political and economic freedom are the ingredients for poverty reduction. The argument proposed is certainly [...]