My forte is the music. But obviously if ya don't keep up with the business, then your kinda doing it for nothing. So I do plan on being well off doing, maximizing what I do now. I heard Jimmy Kimmel describe being in your thirties in hip-hop is like the equivalent to being 300 yrs. old; almost like a dinosaur.
People at my level [Unilever CEO] shouldn't be motivated by salary. If you paid me double, I'm not going to work twice as much, because I'm already probably maximizing my time available. And would it change the way I do things? Not really. So, yes, I am fortunate, and I am ashamed about the amount of money I earn.
When you look at the whole package of energy, the food you eat should match the story you want to live, which means: as fresh as possible, without dullness, repetition, and routine. As colorful as possible, giving delight to the eyes; food is a rainbow brought down to earth. As cheerful as possible, maximizing moments of happiness and pleasure.
The real power of effective leadership is maximizing other people's potential which inevitably demands also ensuring that they get the credit. When our ego won't let us build another person up, when everything has to build us up, then the effectiveness of the organization reverts to depending instead on how good we are in the technical aspects of what we do. And we have stopped leading and inspiring others to great heights.
Why are corporations so fleeting?... Instead of imitating the freewheeling city, these businesses minimize the very interactions that lead to new ideas. They erect walls and establish hierarchies. They keep people from relaxing and having insights. They stifle conversations, discourage dissent, and suffocate social networks. Rather than maximizing employee creativity they become obsessed with minor efficiencies.
Business is about problem-solving, but it does not always have to be about maximizing profit. When I went into business, my interest was to figure out how to solve problems I see in front of me. That's why I looked at the poverty issue. I got involved in lots of things to address it, and one of them was money lending with loans and credits and savings accounts, and in the process I created Grameen Bank. So you can also have social objectives. Ask yourself these questions: Who are you? What kind of world do you want?
As Thorstein Veblen correctly surmised over a century ago, the failure of economics to become an evolutionary science is the product of the optimizing framework of the underlying paradigm, which is inherently antithetical to the process of evolutionary change. This is the primary reason why the neoclassical mantra that the economy must be perceived as the outcome of the decisions of utility-maximizing individuals must be squarely rejected.
It is 10 PM now, and Godzilla has been sitting at his desk in front of his laptop for six to seven hours. He has accomplished hardly anything today. Godzilla is drinking a lot of beer. He can not stop smoking cigarettes. His room is blue with cigarette smoke, and Godzilla sits on a chair in there, minimizing and maximizing Mozilla Firefox repeatedly. He is not over his girlfriend's house because she said on the cell phone that she needed time, alone, to think about their relationship. Godzilla worries that he will not be able to take care of himself if they break up.
Brandon Scott Gorrell
The Obama administration's agenda of maximizing dependency involves political favoritism cloaked in the raiment of "economic planning" and "social justice" that somehow produce results superior to what markets produce when freedom allows merit to manifest itself, and incompetence to fail. The administration's central activity - the political allocation of wealth and opportunity - is not merely susceptible to corruption, it is corruption.
Below, we itemize some of the quite different lessons investors seem to have learned as of late 2009 - false lessons, we believe. To not only learn but also effectively implement investment lessons requires a disciplined, often contrary, and long-term-oriented investment approach. It requires a resolute focus on risk aversion rather than maximizing immediate returns, as well as an understanding of history, a sense of financial market cycles, and, at times, extraordinary patience.
Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society. ...Pure land rent is in the nature of a 'surplus' which can be taxed heavily without distorting production incentives or efficiency. A land value tax can be called 'the useful tax on measured land surplus'.
I think maybe 50 years ago people and businesses felt like they had to choose between maximizing profits and making customers happy or making employees happy, and I think we're actually living in a special time where everyone's hyperconnected, whether through Twitter or blogs and so on. Information travels so quickly that it's actually possible to have it all, to make customers happy through customer service, to make employees happy through strong company cultures, and have that actually drive growth and profits.
From this failure to expunge the microeconomic foundations of neoclassical economics from post-Great Depression theory arose the "microfoundations of macroeconomics" debate, which ultimately led to a model in which the economy is viewed as a single utility-maximizing individual blessed with perfect knowledge of the future. Fortunately, behavioral economics provides the beginnings of an alternative vision of how individuals operate in a market environment, while multi-agent modelling and network theory give us foundations for understanding group dynamics in a complex society. These approaches explicitly emphasize what neoclassical economics has evaded: that aggregation of heterogeneous individuals results in emergent properties of the group, which cannot be reduced to the behavior of any "representative individual." These approaches should replace neoclassical microeconomics completely.
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