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The Souk and the Office Buildingwww.fooledbyrandomness.com/souk.pdf

The Souk and the Office Building
www.fooledbyrandomness.com/souk.pdf

This entry was posted in Feeds, Pdf on August 3, 2011 by Nassim Nicholas Taleb.

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← Hammurabi’s code, ~3800 years ago, removed the agency problem as a condition for transaction: "If a builder builds a house and the house collapses and causes the death of the owner – the builder shall be put to death. If it causes the death of the son of the owner , a son of that builder shall be put to death."Everything in past 100 years has been to shield managers from liabilities. Think of Fukushima. Debt, Deficits, And The Demise Of The American Economy: An Interview With Peter Tanous →

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