Delving into the inner workings of firms, the narrative explores the mindsets of owners and managers while examining external factors like size and complexity. It then shifts focus to communities of firms, highlighting dynamics such as mergers and market chaos. The book also addresses the interactions between firms and external forces like corporate raiders and antitrust agencies. By framing these observations as feedback loops, it emphasizes the critical nature of separating ownership from control in firms, urging society to reconsider its significance.
This book takes readers on a journey through the wide universe of bioethics, raising the following question: what is the proper attitude towards health, life, and death from the perspective of contemporary behavioral economics? Drawing on fields as diverse as economics, ethics, ecology, biology, and philosophy, this book seeks to uncover the bioethics we accomplish, not the moral principles that we advocate. This book covers life-and-death issues arranged around five themes: selves, persons, populations, species, and “Future Earth”. Ultimately, the author illustrates two kinds of justice: static and dynamic. Static justice prevails whenever parties are free to bargain with each other, while dynamic justice follows from parties' interactions over time. An examination into these types of justice reveals one particularly striking phenomenon: attempts by others to tip the balance of justice have a tendency to backfire. Of primary interest to behavioral economists, this book will also appeal to scholars studying bioethics, ecology, medicine, and philosophy, as well as all people dealing with issues of health, dying, and death.
