Jim Nicolow is tagged in 2 stories.
Walking the Talk /
Published during the first industrial revolution, Adam Smith’s The Wealth of Nations used the metaphor of “the invisible hand of the market” to describe how the decisions of self-interested individuals in a free market economy could promote the general betterment of the society as a whole. To this day, free market proponents use Smith’s metaphor to argue for elimination of regulations for a more efficient economy. But the “invisible hand” only makes societally beneficial decisions to the extent that it has good information.
- 5 years ago
Product, Service & Design Innovation /
I still clearly recall a professional practice class in architecture school that made the distinction between two types of architecture firms: the Business-Centered Practice and the Practice-Centered Business. In my view, the former was a business that simply happened to practice architecture, while the latter existed to practice architecture and simply happened to function as a business.
- 6 years ago