Ergodicity is the little-known secret underpinning the success of companies as diverse as Apple, Unilever, Mitsubishi, and Mondragon. We can use this today to enable businesses, from startups to mature businesses, thrive when their fundamentals are good; to enable investors get the RoI they deserve; and to enable businesses to deliver net positive outcomes across all SDGs, including climate change, biosphere depletion, and society.
We currently don't have this because of a 350 year old simplifying, and usually false, assumption in economics and business. This assumption is called ergodicity. But business is seldom ergodic.
This book tells you how to calculate business plans correctly, what to do to maximise your chances of success as an investor or entrepreneur, and especially how to make delivering net positive, circular, regenerative, etc. outcomes without compromise.
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Graham Boyd believes that we can rise, phoenix-like, from today's burning global challenges. All of us, and our children, can thrive in the coming decades, because we can build a regenerative global economy, an ecosystem of regenerative businesses. Today he applies the expertise gathered across three careers (particle physicist, manager with Procter and Gamble, serial startup founder) to bring that vision to reality. He deploys ergodic strategies in his work incubating regenerative startups; building a seed stage investment fund for ergodic ecosystems of regenerative startups; and consults to multi-nationals and start-ups.
Jack Reardon: with a doctorate in economics, I have become a tireless advocate of reforming and reconceptualizing economics education so that the discipline of economics can help solve the world's numerous and interconnected problems. I am the founding editor of the International Journal of Pluralism and Economics Education IJPEE, which provides a global forum for educators committed to changing how we educate our students and how we conceptualize economics. I have also written three books on economics, pluralism, and economics education. I am currently putting the finishing touches on a novel exploring the fluidity of gender. I currently teach economics at the University of Wisconsin-Eau Claire.
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