Investigating capitalism aversion

Debating Capitalism

This paper is about the dissemination of knowledge across the curriculum and the role business education can play in elevating student awareness and understanding of interdisciplinary thoughts. Most importantly, it explores the importance of thoughtful appreciation of divergent educational paradigms and how such an appreciation can be the bridge toward cohesive, contemporary, and meaningful lea...

Why Capitalism?

Inequality aversion and risk aversion

This note shows that for two inequality averse social welfare functions, if one is more inequality averse than the other, the household preference induced by optimally allocating aggregate bundles according to this social welfare function is more risk averse than the other. We present examples showing that this comparative static can be reversed if inequality aversion is dropped. We show that t...

Capitalism in Question

Paul Adler was Program Chair for the 2013 meeting of the Academy of Management in Orlando, Florida, in August. In this capacity, he organized the “All-Academy Theme” component of the meeting program, helped by a committee of Tom Kochan (MIT), Jerry Davis (U. Michigan), Carrie Leana (U. Pittsburgh), and Stella Nkomo (U. Pretoria). The theme was “Capitalism in Question.” The essay below is an edi...

Medicine under capitalism.

For about ten years, I have carried out annual appraisals on doctors working in general practice. I do this on a freelance basis, not as part of my salaried work. When I started, I used to claim my fees from a man called Steve, in an office at the local primary care trust. Now Steve is no longer there. Nor is his job, nor his office, nor the trust. Nowadays, I send my invoices to an agency a co...