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Peter Bretscher
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Es gibt nix Praktischeres als eine gute Theorie. (Einstein).... und nix Gefährlicheres als eine falsche. Theorien sind Produkte (Werkzeuge), auch sie haben einen Lebenszyklus. There is nothing more practical than a good theory, and nothing more dangerous than a wrong one.
Es gibt nix Praktischeres als eine gute Theorie. (Einstein).... und nix Gefährlicheres als eine falsche. Theorien sind Produkte (Werkzeuge), auch sie haben einen Lebenszyklus. There is nothing more practical than a good theory, and nothing more dangerous than a wrong one.

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What if the object of the invention was economic theory?
(Techniques - not technologies) Re-thinking economics?

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If you - as a CEO - do not have a Balance of Intangibles or a P&L statement of Intangibles you'll never be able to explain the power of Intellectual Capital (Ic) or tracking the economic power/energy of the Intangibles or show the fundamentals of progress @ stock exchange.
May be shareholders are creating bubbles by increasing the SPE (Shareholders Profit Expectation)?
Ask your consultant, advisor, auditor... or us @ http://insede.org
The Institute for Sustainable Economic Development.
Models and metrics for smart (intangible & tangible) economy.
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If your CEO has no map (economic theory) that shows him the assets that are already in the enterprise, he will never know how business works. And he will never know the options for better strategy and operations.
The economic theory has to be re-engineered.
That's what we are doing at http://insede.org the Institute for Sustainable Economic Development.
If you have some solutions too. Just send a mail.
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Nobel prize in Economics: Economics develops theory out of theory instead out of real life.

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Shoshana Zuboff ab 05:00
(economic) invisible force....
Auch die Ökonomen sollten besser ihre alten Theorien der Realität anpassen - als zu warten, bis sich die Realität ihren Theorien anpasst. (Wird nicht passieren.)
Richtige Wissenschaftler passen ihre Theorien den Realitäten an.

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Want to bridge the cost-value-gap?
Value = Giving the cost a (subjective) weight.

Go to 'Weighted Information' http://buff.ly/2lrTeGz
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Want to bridge the cost-value-gap?
Go to 'Weighted Information' http://winformatics.org
#lt

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Value has subjective AND objective dimensions.
That's the trick to visualize Weighted Information.
The base for any decision making.
See how
http://bengin.net/special/pma2004_e.html
#lt

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And again from another source: Shareholder Value Theory Is Bogus.

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From: Real-World Economics Review Blog

Keynes’ critique of econometrics — as valid today as it was in 1939
Classic econometrics is limited. Keynes was/is right.

Go beyond old econometrics by introducing a subjective value metric in quantifying information.
See http://winformatics.org
Valuing/weighting information... and visualize it.
Good for better decision making.
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