The Third Way
Is the third way simply an eclectic compromise which offers to drop any unpalatable bits from the familiar ideologies of far right and far left? I argue that if there is a third way, this is not where we will find it.
We’re all postmodern now
The architects of modern companies are repeating the errors of the architects of modern buildings. Perhaps it is time to develop a theory of post-modern management?
Shame and kudos are the spur
Trying to assess lecturers, doctors, and teachers is difficult. But that doesn’t mean it cannot, or should not, be done.
Economic forces and the hairdresser
Do not believe those who tell you that concentration or globalisation is inevitable. Think of your hairdresser.
Size and Scale 3: Size does not guarantee survival
If there is not much evidence to support the view that large firms outperform small, or that industrial structures are becoming more concentrated, why do so many people still believe these things are true?
Size and Scale 2 (with Leslie Hannah): Myth of critical mass
Despite beliefs about the inevitability of size and concentration, and despite vigorous efforts to make them come true, the share of large firms in total output is not going up.
Size and Scale 1: Gigantic misconceptions
Never has the cult of gigantism gone so far. But what are the real advantages to scale?
No accounting for creatures of habit
Successful industrialists claim not to act in accordance with economic theory - why is the theory still taught?
In defence of endogenous growth theory
Much jargon is designed to conceal vacuity of thought. But technical terms have their place.
When the competitor turns predator
When is a price cut bad for consumers? When it is predatory.