In my last post I summarized by the macroeconomic environment in which we operate and delved into some discussion of microeconomic foundations. The response was positive if lukewarm overall, but ego-boosting is not why I started a blog. One of my readers once asked why I don’t take on some hot button issues. Well that’s not my role or area of expertise. I’m not a politician or a social commentator. The community I inhabit has a large impact but is relatively small and mostly consists of engineers, scientists, mathematicians, some policy-makers, thought leaders, and other technically-focused professionals. I’m not trying to stir up emotions. I’m out to stimulate discussion and thought. I’m relieved that I don’t get trolls when posting factual information that goes against popular misconceptions. They are a waste of time.
(more…)managerial economics
Family Affair — Part I — Managerial Economics of Projects, Microeconomic Foundations, and Macro
A little more than a week ago I had an interesting conversation on a number of topics with colleagues in attending the National Defense Industrial Association Integrated Program Management Division (NDIA IPMD). A continuation of one of those discussions ended up in the comments section of my post “Mo’Better Risk–Tournaments and Games of Failure Part II” by Mark Phillips. I think it is worthwhile to read Mark’s comments because within them lie the crux of the discussion that is going on not only in our own community, but in the country as a whole, particularly in the economics profession, that will eventually influence and become public policy.*
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Life, Project Management, and Everything 