The ghost of Milton Friedman still haunts corporate America and his outdated model. Few will regret the passing of 2020, a year headlined by a global health crisis, profound economic distress, and high-profile examples of racial inequality.…

The eminent philosopher Bertrand Russell, who died exactly 50 years ago at the impressive age of 97, once penned a polemic lauding laziness. Beginning on a humorous note—he wrote of having hopes that, after reading his essay, the leaders…

What do economics, psychology, and experimental science have in common? As Richard Thaler implies in Misbehaving: The making of behavioral economics, most economists would say little to none — but this couldn’t be further from the truth. Misbehaving is, first and foremost, a story of how modern economics, finance, and theoretical analysis have become increasingly specialized and narrow without substantial practical value. Utilizing empirical studies and anecdotes, funny stories, and even some jokes, Thaler persuades the reader that behavioral studies — or psychology-motivated disciplines which focus on humans, not mythical rational agents — are here to stay. 

Thaler’s findings have numerous and far-reaching implications for designing and implementing ethical systems within organizations. Read our book review and learn more.