Mortentia

Mortentia t1_ixog257 wrote

I still don’t understand Friedman/Hayek worship, considering that Hayek was a relatively poor economist and only a decent liberal philosopher, and Milton Friedman died having admitted that he could not fight Keynes’s ideas anymore and that the Keynesian theory was correct no matter how much he hated to admit it.

The two had a lot of bleed into the business world and somehow only recently has the popularity of econometrics and statistics in market research allowed for proper assessment of business structure. Although, in my BCOM there has been a lot of focus on treating employees appropriately and ensuring that they receive what they deserve to incentivize continued and exceptional performance, so I’d hope that some MBAs are similar.

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