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August 1, 2022
2022 Risk and Profit Conference Recordings
Non entry and exist costs
Heterodoxy as Difference in Time and Place
Adam Smith’s ideas were embraced by most western political leaders and implemented as capitalist ideology from 1770s and dominates as the orthodoxy (nearly globally)
Karl Marx’s ideas were embraced by Lenin and implemented as a socialist ideology considered superior to capitalism and dominated from 1918‐1980 (unorthodox in many countries)
A blend of these ideological bookends is found in various places given the socio‐economic leanings of their political leadership (liberals, social democrats, progressive conservatives, etc.)
Heterodoxy as Difference in Time and Place
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August 23, 2022
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