Shell has been using scenario planning for 40 years to help deepen its strategic thinking. Developing and applying scenarios is part of an ongoing process in Shell that encourages decision-makers to explore the features, uncertainties, and boundaries of the future landscape, and engage with...

This a selection from Jeremy Bentham’s Defence of Usury (1787), a classic critique of Adam Smith’s endorsement of legal maximum rate of interest. Bentham’s main point against the restriction is that “projectors†generate positive externalities. The extract offers...