Latest / R3ciprocity.com - Prof David Maslach: Innovation; Research Life; Striving Towards Happiness
Neoclassical Economics & Strategic Thinking Is Likely Wrong
#PhD students in business are taught to #strategize in their career. I think it’s the worst thing we can do. I have grown frustrated with the neoclassical economic model. I was enamored with it early on during my PhD, and took a whole bunch of extra PhD #economics classes. It is similar to “pure math,” so it is a simplified world. While it is pervasive, and it is a relatively easy model to work with, it’s assumptions often lead us a stray. You must pursue your objectives, and economize on all of your resources. Those that are best at economizing and strategizing will rise to the top. It often…
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