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Part 1: Key Concepts
Part 2: Progress
Part 3: Understanding Trade
Part 4: Trust, Agency, and Bystanders
Part 5: Management of a Commercial Society
Part 6: Personal and Business Finance
Part 7: Innovation and Entrepreneurship
Table of Contents
No Brown M&M's: What Van Halen's Insane Contract Clause Teaches Entrepreneurs
At first glance it appears to be a crowning symbol of obnoxious rock star excess, yet a closer look reveals a deeper story about how a band used a tiny candy to alert them to major problems.
Principal–Agent Problems and Industry Structure
Principal–agent problems are the result of delegation. Principals want agents to do something for them. The problem arises when the agent doesn't do what the principal wants. This video looks at how industry structure can be used to ensure that agents do what the principal desires.
Principal–Agent Problems and Franchise Value
This video explains principle–agent problems and how they're affected by franchise value.
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