I've had this concept in my head that I'm pretty sure I picked up in economics/management studies but I can't recall its name: The division of labor between an executive and her direct support staff is that staff can advise the executive about decisions to make, but ultimately she makes the decision and they then have to carry out that directive or policy (regardless of whether it's justified in their opinion). I had assumed I was thinking of the principal-agent problem, but that's clearly something else. What is this concept called?
What are some great, accessible books that would allow me to learn more about social choice theory without having to become an economist? I am thinking something along the likes of James Gleick's "popular science" Information Theory book, but for social choice theory. [more inside]
Looking for a basic starter book on capitalism and democracy that explains their relationship and, if possible, perhaps explores other systems or changes that could be an improvement on the current systems in place in most developed nations. I have read that capitalism is a good way to stimulate a young nations economy but that it is not necessarily an equitable or functional long term solution. I have some small understanding regarding corporations roles in democracy. Beyond these basics I'm rather lost. (hence the plan to explore further) I would prefer to read books as I would rather utilize them, and my library, than pop from webpage to webpage but would be willing to consider any information. Any suggestions? Thanks in advance!
In what cases is game theory a good model of actual human behavior? [more inside]
What are the day-to-day details of a world based on Social Credit? How do companies conduct their business? How are civic services accomplished? [more inside]
How would you go about proving that the law of demand does not exist? [more inside]
I'd like some good business (commodities, economics, markets, etc.) book to read. I'm tired of all the, excuse my French, BS books I've come across. I don't want a get-rich quick or anything motivational. I've read the summer reading standard Freakonomics and The World is Flat as of late, feeling the same way level of beach book dissapointment I did when I broke down and read The DaVinci Code. The former was entertaining, though somewhat useless and the latter just was boring and repetitive after say -- chapter 2. I've been paticularly interested in game theory lately and how it can be applied... [more inside]