SubscribeIt’s a five-letter word. Stockbrokers live and die by it, economies thrive on it, and children utilize it in all sorts of games and modes of collection. It’s one of the oldest economic inventions and is the reason why I can purchase Malaysian curry paste in my local grocery store. Trade. While our ancestors may [...]
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Tag: innovation
ShareThisReward: Our Greatest Motivator (Or Not?)
For centuries people have been motivated by rewards. Whether children at home, adults at work, or students in the classroom, there are thousands of programs, schedules, and even games designed around the following notion: If you reward/punish a behavior, you will get more/less of it. There are many classic examples, including the two-year old who [...]
What the Third-World Can Teach the First
The Western world has for the past few hundred years been acknowledged as the leader in entrepreneurship, that is, the development of new and innovative products and services. Most of the great leaps in modern medicine, technology, banking, and engineering can be attributed to the Western world, it’s competitive environment and distinguished universities. Though it [...]
