Intangible capital is important for the economy and defense acquisition
I think there’s a deep structural shift, which is really important. That is that intangible capital has become more and more important in our economy. The nature […]
intangible
Economics doesn’t describe the reality of production
The revenue or cost of each additional unit is called the margin. Economists assume that corporations seek to maximize profit, which occurs at the unit […]
The never ending challenge of proposing, collecting, and reporting costs consistently
A recurring problem in Government Contracting is that contractors may select from alternative accounting methods without specified criteria governing such selection. Contractors sometimes present cost […]
The end of accounting, and why cost-based pricing loses relevance in the innovation economy
Interviewer: Are you familiar with the economic theory of the bootleggers and the baptists? It explains the notion of why prohibition was able to last […]