Capuchin Economics: M. Keith Chen (now at UCLA) studied the economic activity of Capuchin and Tamarin monkeys. What I find fascinating is that he first taught the monkeys how to use money (in this case, metal washers) to trade. It took a while, but they learned the value of money for trading. They learned to act mostly in their own …
The oft quoted, misquoted, paraphrased and mangled quotation from Charles Darwin with respect to evolution is, according to my research, “It is not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.” It seems obvious to me (perhaps too obvious?) that the same is true for our human created organizations. Those …