"The main reason why government economists do not know what is happening in the economy and why, is the outdated perception of the economy as a machine and not as an adaptive and learning evolutionary organism."
Prof. Milan Zelený
***
Passed away at the age of 81 in his second home in the USA. He was Professor Emeritus at Fordham University in New York, one of the most cited and respected Czech economists.
Milan Zelený was particularly interested in the fields of labour productivity, management theory, business economics and multi-criteria decision making. He is the author of more than 600 articles and books in the fields of economics, management and cybernetics. His books Paths to Success, Don't Learn from Your Mistakes, Finding Your Own Way, Everything Will Be Different and It Was a Strange World for You have been published in Czech.
Zelený was born in 1942 in Klucké Chvalovice in the Kutnohorskie region. In 1967 he went to the USA to study, but decided to stay there after the Warsaw Pact troops invaded Czechoslovakia. In the United States he finished his studies and obtained American citizenship. He became a professor of business management at Columbia University in New York, worked at universities in China, Taiwan, India and Brazil, and after 1989 also at Tomas Bata University in Zlín. We knew each other personally from many events in Zlín and Prague - see links below. Honor his memory. JŠ
Read more...