In economics, Pareto optimality is when no individual can be better off without making someone else worse off. Here’s how you can apply it to sustainable product innovation.
Some people have probably already caught on to the fact that I’ve used the term “Hivemind” in a few blog entries and twitter posts to refer to a certain group of people. But what exactly is the Hivemind, and what did they do to earn such a name?
Here are a few thoughts I have on entrepreneurship, income generators, and business more generally.
As a person trained in finance and investing, I’m always interested when I see these principles apply to other parts of life. But perhaps there is no better place where the lessons of investing could come into play than in entrepreneurship.
At some point down the road, almost all traditional work will be automated by AI and machine learning. This leaves the question — what will be left for us to work on?