Teams of friends visit a shooting range. All the shots of team B are below and to the left of the bullseye. The shots of team C are scattered all over the target. Team B demonstrates bias. Team C ...

Ever since 1969, people have asked themselves why if humans can land on the moon, they can’t they solve pressing problems here on Earth, such as poverty, dementia and climate change. Mariana Mazzucato ...

This book is really two books. The first – which I found original and fascinating – is on the negative consequences of the widespread use of cash in modern economies. Although the point has been made ...

Business historian Alfred Chandler documented the rise of the modern managerial corporation in his magisterial Strategy and Structure (1962).The book showcased General Motors, along with chemical ...

Are the increasingly frequent failures in electricity supply the result of privatisation and deregulation? Occasional failures of the electricity supply remind us how completely life today depends on ...

This month’s budget in Britain will provoke yet another round of debate on austerity versus stimulus. But the issue of how we spend what we have is more important than the issue of what we spend.

Dominant companies may confer marginal benefits to consumers that are difficult, if not impossible, to estimate. However, antitrust authorities will do little wrong if they stick to the underlying ...

Book Review – Uncommon Sense: economic insights, from marriage to terrorism – Gary Becker and Richard Posner This book finds its origin in an unusual blog. The creators of the blog and authors of the ...

Book Review: The Big Short by Michael Lewis This book is a remarkable achievement. It is as gripping as a thriller, yet it manages to ex... Continue reading ...

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The fate of ICI demonstrates how the market disciplines unsuccessful choices of strategy; in the case of ICI it is almost unfortunate that it does so. In 1926 four companies – Nobel Industries, United ...