That’s a very homo economicus view that’s fallen out of favor since the 1990s. Firms make deeply irrational and damaging decisions based on the irrational notions of the decision-makers. As long as those irrational notions are not sufficiently damaging to sink the business in competition with other businesses, they can persist indefinitely.
That’s a very homo economicus view that’s fallen out of favor since the 1990s. Firms make deeply irrational and damaging decisions based on the irrational notions of the decision-makers. As long as those irrational notions are not sufficiently damaging to sink the business in competition with other businesses, they can persist indefinitely.