The jnelson Channel

Goldman-Sachs: How Low Can Our Expectations Go?

Posted by jnelson on Apr 29, 2010 at 10:22 am

The Goldman-Sachs hearings are stirring up new debates, and old ideologies, concerning what businesses do. >>

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The Invention of Profit Maximization

Posted by jnelson on Aug 06, 2009 at 09:54 am

In actuality, profit maximization…was invented by economists. >>

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Maximum Confusion about Maximum Profit

Well, no, I don't know that "Competition means everybody trying to maximize long-term profits." It may be shocking but the fact remains: It just ain't >>

Maximum Confusion about Maximum Profit

Posted by jnelson on Jun 05, 2009 at 09:20 am

Once again I was stunned by the persistence of the belief that firms have to maximize profits... >>

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