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Joseph Stiglitz on How to Build Shock-Proof Supply Chains

Odd Lots

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Navigating Short-Term Gains and Long-Term Sustainability in Markets

This chapter discusses the conflict between individual profit motives and overall societal efficiency, warning of the consequences of prioritizing short-term gains. It advocates for long-term business strategies and suggests measures like tax incentives to address pricing inefficiencies related to risks and externalities.

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