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1. Be aware of "zombie ideas". These are ideas that refuse to die despite evidence against them. As an entrepreneur or manager, it's important to base decisions on evidence and not fall for these persistent but flawed ideas.
2. Understand the importance of social security and the dangers of privatization. This can inform decisions about employee benefits and retirement plans.
3. Recognize the importance of basing decisions on what works, not what is perceived as "serious" or conventional. Innovation often comes from challenging the status quo.
Question was asked on:
Such reforms hurt everyone. However, the politics of privatization depend on convincing everyone that there is a social security crisis. Calling for cuts in social security has long been seen as a "badge of seriousness" among policymakers. But real seriousness is based on what works and what doesn't. Social security works well and privatized security works very poorly.
Asked on the following book summary:
“Zombie ideas” simply refuse to die despite mountains of evidence to disprove them. How do you fight them? Paul Krugman, Nobel Prize winner in Economi...
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