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Business

How the Hipster Ethic Is Revitalizing the American Economy

Let me be clear. I am no advocate of hipster culture as it is often realized in American society today. At its worst, it is contrarian for the mere sake of being contrarian, which is, of course, obnoxious. But at the same time, there are positive, even praiseworthy...

Is It Possible to Have Too Many Choices?

On May 27, 1829 the chemist and mineralogist James Smithson died at the age of sixty-three. With no natural heir, Smithson’s will stated that his fortune would pass on to his nephew Henry Hungerford. Six years later, Hungerford also died childless, thus activating a...

Truett Cathy: A Model of Values-Based Entrepreneurship

I would like to give a special thanks to Perry Ragsdale, former Executive Vice President of Chick-fil-A, for the invaluable insights he shared with me about the history, culture and values of Chick-fil-A. Perry was the fourth management employee at Chick-fil-A and...

Are Non-Compete Clauses Stifling Employee Mobility?

Patents, copyrights, and non-compete agreements have an important place in the ever-changing landscape of innovation. Without them, intellectual property theft and espionage could, and likely would, run amok. Ideas, which can be even more valuable than tangible...