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Wednesday, July 8, 2020

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    The Meaning of R

    Rarely has a parameter in a model attracted so much attention as the number R - the reproduction rate of covid-19 infection....

    The Two Envelope Problem

    You are offered the choice of two envelopes and are told that one contains twice as much money as the other. You make...

    The Radical Uncertainties of Coronavirus

    When we set out two years ago to write a book on radical uncertainty, and when we delivered it last year and agreed...

    Does God Play Dice?

    Socrates: “I dare say that you are familiar with Tisias.  Does he not define probability to be that which the many think?”

    Christmas

    It is Christmas once again, and across the world people will take a day - or longer - off work to spend time...

    Adam Smith and the Pin Factory

    ‘One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at...

    Business Gurus

    Lynda Gratton, Eddie Obeng, and I discussed business gurus on the Radio 4's The Bottom Line. Listen to that conversation here, and...

    The Price of Everything: What People get Wrong About Cost-Benefit Analysis

    Is cost-benefit analysis a useful tool of policy that has transformed the quality of public decision-making? Or is it a pseudo-scientific cover...

    Ethical Finance

    I was introduced to Catholic social teaching through the work of Alasdair MacIntyre. MacIntyre brought the concept of Aristotelian virtue ethics into...

    The Concept of the Corporation

    The Version of Record of this manuscript has been published and is available in Business History (15 Jan 2019) http://www.tandfonline.com/doi/full/10.1080/00076791.2018.1509956.