Tag Archives: Milton Friedman

SEALs, CEOs, Milton Friedman, and Fraudulent Incentives

By William K. Black
Quito: May 31, 2015

I saw an intriguing squib in the Wall Street Journal about an article in the Harvard Business Review entitled “How the Navy SEALS Train for Leadership Excellence.”  The article offers an, unintentionally, useful insight into the pathologies of elite business schools, their “leadership” faculty, and our elite C-suites.

The most interesting comment in the article is by Brandon Webb, a former senior SEAL sniper trainer.

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The Economist Treats Milton Friedman as Jesus: Asks His Disciples to Preach His Gospel

By William K. Black

I was peacefully researching a book I am co-authoring with Wesley Marshall on the pathologies of theoclassical and neoclassical economics as exemplified by “Nobel” laureates in economics (the economics prize is actually a creature of the Swedish Central Bank), when I read a column in the Economist about financial regulation and the crisis that provided an exemplar of how much is wrong about modern economics.  The May 1, 2009 column is entitled “WWMFD” (What Would Milton Friedman Do?).

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