Marc Gunther Profiles Whole Foods Ceo John Mackey

Michael Giberson Marc Gunther has a good brief profile, “John Mackey: hippie, libertarian, CEO.” I haven’t read Mackey’s new book yet, but may try it this summer. If nothing else, Mackey will provide an interesting counter to Milton Friedman’s famous views on what is now called “corporate social responsibility.” But Gunther’s essay makes an curious … More Marc Gunther Profiles Whole Foods Ceo John Mackey

Edmund Phelps Explains “Knowledge Problem”

Michael Giberson Occasionally we hear from readers curious about the blog name, “knowledge problem.” Edmund Phelps explains the knowledge problem in an excellent essay that appeared in the Financial Times. (Registration may be required for FT.com; the essay is also posted in full at the FT‘s Capitalism blog.) Joseph Schumpeter’s early theory proposed that a … More Edmund Phelps Explains “Knowledge Problem”

The Plenitude of Capitalism and the World Cup

Lynne Kiesling Today’s Wall Street Journal has an article on a manifestation of the plenitude of capitalism: Wal-Mart is selling customized World Cup gear in the various countries where it operates around the world (US, Germany, England, Mexico, for example). My favorite: Garden gnomes in England kit. If that’s not culture-specific marketing, I don’t know … More The Plenitude of Capitalism and the World CupMore The Plenitude of Capitalism and the World Cup