WEALTH CREATION

Click here for the dust jacket, including endorsements, for my new book Wealth Creation: A Systems Mindset for Building and Investing in Businesses for the Long Term.

I have been presenting a book overview to business/finance students who can download my Powerpoint presentation at http://ssrn.com/abstract=1557724 . The core ideas in the book are addressed with the initial 13 slides. The remaining 29 slides address technical valuation issues that constitute a well grounded alternative to mainstream finance thinking.

 

FREE TO CHOOSE MEDICINE

A proposal to allow patients/doctors to make informed decisions on the use of not-yet-government-approved therapeutic drugs.

In June 2010, the Heartland Institute will publish my new book, Free To Choose Medicine: How Faster Access to New Drugs Would Save Countless Lives and End Needless Suffering. It can be ordered as hard copy or a Kindle electronic book on Amazon.

 

November 2009

Working paper, "Applying a Systems Mindset to FDA," is forthcoming in Medical Hypotheses 72 (2009) 116-120. New title: "A Dual Track System to Give More-Rapid Access to New Drugs: Applying a Systems Mindset to the US Food and Drug Administration (FDA)." This article provides a comprehensive argument for the introduction of consumer choice and competition and pinpoints the weakness in the status quo position.

   

November 2008

Foreward to a new book by David Holland and Tom Larsen, Beyond Earnings: A User's Guide to Excess Return Models and the HOLT CFROI ® Framework

Interview with Vernon Smith about experimental economics and Dual Tracking

The following language versions of the Heartland Institute booklet More Choices, Better Health — Free to Choose Experimental Drugs are being used by free-market think tanks to promote the Dual Tracking proposal:

English, French, Swedish, Japanese, Chinese, Lithuanian

   

September 2008

“Shareholder Value Reviews,” published in Strategic Finance, 2008 . It provides a short and useful overview of the SVR concept.... Read more

   
July 2008

"Applying a Systems Mindset to Stock Valuation" reviews five important choices that guided the development of the life-cycle valuation model over the last 40 years.

   
May 2008

"Guidepost to Wealth Creation: Value-Relevant Track Records" was published in the Fall/Winter 2007 issue of the Journal of Applied Finance .

   
January 2008 "Economic Rewards of Dual Tracking"
   
November 2007 What exactly are the wealth creation principles believed by Clinton, Obama and Edwards? ... Read more
   

June 2007

Recent experience shows the importance of first making an emotional connection with people before promoting the logic of economic ideas. In this case, freedom to make an informed choice on the use of late-stage experimental drugs ... Read more

   

May 2007

A Spotlight on Atlas Friend and Supporter, Bart Madden

   

March 2007

The Heartland Institute plans a major campaign to promote the ideas described in my booklet "More Choices, Better Health - Free to Choose Experimental Drugs." The first steps will include:

  • 24,000 booklets to be mailed in the U.S. , including all elected state and federal officials and those in the news media who focus on health care
  • 10,000 booklets to be mailed to influential leaders worldwide
  • electronic files of translations of the booklet will be made available
   

December 2006

Newspaper article was published that described the historical significance of our 1885 Victorian house.

   

November 2006

Highlights of personal correspondence with Milton Friedman that provide insights into his methodology of positive economics.

My paper, For Better Corporate Governance, The Shareholder Value Review has been accepted for publication in the Winter 2007 issue of the Journal of Applied Corporate Finance .

   
December 2005 "A Clinical Trial for the FDA's Clinical Trial Process"
Published in Cancer Biotherapy & Radiopharmaceuticals
   
September 2005

Download monograph Maximizing Shareholder Value And The Greater Good . Here is a Book review . Print versions of the monograph can be purchased on Amazon .The CFROI computation used in this monograph is based on more advanced thinking on certain technical issues compared to my 1999 book CFROI Valuation - A Total System Approach to Valuing the Firm.

The above monograph contains more advanced thinking on certain technical issues compared to my 1999 book CFROI Valuation - A Total System Approach to Valuing The Firm. The current CFROI computation excludes acquisition goodwill (see "Will Your Next Acquisition Pay Off?") and capitalizes R&D

   
March 2005 "A New SEC Mind-Set"
   

September 2004

A short article, "Putting Drugs on a Faster Track," was published in the September 2, 2004 Chicago Tribune .

   
June 2004 "Breaking the FDA Monopoly" Regulation, Summer, 2004
   
January 1990 "A Transactional Approach to Economic Research"
A slightly modified version of this paper was published in The Journal of Socio-Economics , 1991, Vol. 20, No. 1, 57-71. My intention is to post articles written after I retired in November 2003. One exception is this piece since, in my opinion, it is a very useful summary of the transactional knowing process that is foundational to all of my work.