Scientific Research

Scientific Research

No one can serve two masters

Managing multiple managers

In the movie Office Space - a comedy on the work life in a software company in the nineties - the lead character, Peter Gibbons, had eight different managers. All of them, not being aware of this, walked by Peter’s desk and told him what he had to do. Even though the move is a satire, for some it is not very far away from reality. A lot of people experience this situation trying to explain that knowing how to deal with multiple managers is a strong capacity in complex organizations.

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Impossible trinity - Economic Concept

Impossible trinity is a simple rule with profound implications. It was discovered by Robert Mundell, the winner of The Nobel Prize in the early 1960s. The rule is that a country cannot have an independent monetary policy, an open capital movement and a fixed exchange rate at the same time. There may be two of these three conditions. You can also have only one or none if you like. But you can’t have all three at the same time. If you try, you might fail - markets will provide this result. Those failures (which do happen) represent some of the best profit opportunities. Understanding and using the Impossible Trinity works wonders if you can find the right conditions and put your pre-agreement on the inevitable political failures of central banks.

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