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In this last session on the Republic, the emphasis is on the idea of self-control, as put forward by Adeimantus in his speech. Socrates asserts that the most powerful passion one needs to learn how to tame is what he calls thumos. Used to denote "spiritedness" and "desire," it is associated with ambitions for public life that both virtuous statesmen as well as great tyrants may pursue. The lecture ends with the platonic idea of justice as ...more
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Part 1 of the French Revolution. From the Convocation of the Estates General to the storming of the Bastille.
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Philosophers and theologians have railed against interest for thousands of years. But that is because they didn't understand what causes interest. Irving Fisher built a model of financial equilibrium on top of general equilibrium (GE) by introducing time and assets into the GE model. He saw that trade between apples today and apples next year is completely analogous to trade between apples and oranges today. Similarly he saw that in a worl...more
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In this lecture, Professor Leonard Susskind of the Stanford University Physic's Department discusses dark energy, the tendency of it to tear atoms apart, and Gauss's Law.
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Larry Brilliant, Executive Director for Google.org, confesses that the company stole the idea for a profit-driven non-profit from Salesforce.com. Brilliant reminds us that only privately-held companies can give their money to charity, but that Google is optimistic about recruiting other large enterprises to work in the public interest.
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Google competed with several other companies, including Overture, for the AOL deal. Though Overture offered more money because they are a public company, Google offered more ideas about additional services for AOL customers. The AOL CEO decided to make the decision that was best for the customers and went with Google, recalls co-founder Larry Page.
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Introduction to the income statement of a bank (and to income statements in general).
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Recently, Komisar has noticed that the IPO market is reopening and VCs are becoming anxious to invest. There are a number of companies lined up to go public. There tends to be a lag in the markets of step technologies, while the customers catch up to the advance, but they do catch up and a large amount of value is created in the process, he says.
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Byers goes over the essentials of a venture finance process: angel investors, corporate venture capital, boot strapping and the public. He also discusses the pros and cons of each of these pieces in this process.
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Musk talks about how PayPal had a number of offers but they undervalued the companies and so they went public to get an objective valuation of the company. eBay had made a good offer after the IPO, says Musk. Another reason to sell to eBay was the long term risk of losing to the eBay payment platform, he adds.
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