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All I have to say it WOW!
I ve been looking for a good definition (if that makes any sense) for a CTO.
Even though I haven t performed the roll before and don t have the experience of any of the other posters, this hits home.
On the other hand, some topics are boring they just pass over. He attributed this difference to transactions costs and explained that they were due to the costs of bargaining (with contractors of enforcing incomplete contracts (whose incompleteness is due to the fact that some activities and qualities cannot be fully described in a written contract. Effectively, firms can be seen as oases of planning and command within the vast expanse of the market. They notice that people who write them win Nobel prizes. Even tenure is not real freedom. Letter to Walter Lippman, 1937 3 Note that these objections are not dissimilar to Stalinist rebuttals of the co-op system of, say, Yugoslavia. That's what happened with domestic servants.