Toyota is at it again, and manufacturers globally are following suit. This creates opportunities for suppliers to get new customers. A few decades ago, companies around the world marvelled at Toyota’s “just in time” model for supply-chain efficiencies and economies of scale. By having suppliers deliver parts a few hours before they were used, manufacturers saved on warehouses and the… read more →
Juilia Galef, in her new book The Scout Mindset: Why Some People See Things Clearly and Others Don’t, describes Star Trek’s Mr. Spock as a “Straw Vulcan:” a caricature of rationality designed to make rationality look foolish. That’s because he thinks the way most economists did through the 1990s: they assume that everyone is rational all the time. Wrong! People are often… read more →
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