Competitive Strategy

Competitive Strategy

Book cover of "The Wage Standard" by Arindrajit Dube, featuring blue steps forming an upward arrow and highlighting key labor market issues and solutions through the wage standard.
In this excerpt from The Wage Standard, Arindrajit Dube explains how "monopsony" gives some employers the power to set wages below competitive levels.
Angus Fletcher, a man in a suit and glasses, stands in profile, touching his face in a dimly lit room with blurred lights and equipment in the background.
The great investor instinctively knew that humans are much smarter than computers in volatile environments. So he bet on common sense.
An image showing a marble statue of a man on the left, transitioning with a stoic edge into a distorted, pixelated region, followed by part of a man's face on the right.
The best of all investor attributes is easily attained — and unbeatable in combination with other advantages.
Charles Munger, a man in glasses, sitting in front of a bookcase filled with puzzles.
According to the legendary investor, the best method is a blueprint for "extreme success.”
A man sitting on a bench in front of a startup exit door.
So many of the conditions for a sale or IPO are outside your control — which is why preparation is everything.
A white king defeated by a black pawn in chess
Everyone loves a good underdog story, but the lessons we derive from them depend on how they’re told.
Nearshoring may be the manufacturing model of the future.
Million Stories
testosterone competition
In tough competitions, men tend to give up early when they feel a low sense of control. Testosterone eradicates that effect.