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Nonprofit Pathology

Harvard Business Review

Thomas Merton, the Christian Mystic, wrote, "There is a pervasive form of contemporary violence to which the idealist fighting for peace by non-violent methods most easily succumbs: activism and overwork." Merton was right, and not just about nonviolent protests. His thinking applies to every idealistic cause.

Merton 14
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In Defense of Cosmopolitanism

Harvard Business Review

My parents embodied a distinction that the sociologist Robert Merton made in the 1950s studying a small American town. Born out of the rubble of nationalism, it was primarily a humanistic project—not an economic one. Up to Merton’s time, however, locals and cosmopolitans, remained strange bedfellows.

Merton 8
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Life is Luck — Here’s How to Plan a Career Around It

Harvard Business Review

The first question to answer is how much of the success in a given field, or for a given project, is due to chance. Evidence of the role of chance often comes in the form of high variance of performance – a right-skewed distribution of project outcomes. Here are three answers. The role of chance in determining performance .

Career 8
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Make Serendipity Work for You

Harvard Business Review

Merton and Elinor Barber.). The DNA molecule was never their "official" project. Finally, as for the presence of a pregnant woman, a combination of carnal desires on the part of the princes, and imprints of hands on the ground sufficed to bring about this final deduction. The princes did far more than make chance observations.

Merton 15
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The Irish Banking Crisis: A Parable

Harvard Business Review

In slightly more formal terms, Id suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodies six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.

Banking 15
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The Irish Banking Crisis: A Parable

Harvard Business Review

In slightly more formal terms, I'd suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodie's six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources.

Banking 15