Why fat cats are bad for business
Greed perceived as a quality rather than as a defect has had serious consequences to the business world.
These are desolate times for the dismal science
In a letter to his niece John writes about the demise of economics
Investors, rejoice: BT is back where it started
From four consecutive failures of strategy in British Telecom we learn that policy making in business requires more than slogans and visions.
Big egos inflate executive pay, not markets
When genuine market operations are absent executive pay is seen as a measure of value rather than just a financial reward
Political decisions are not a matter of statistics
The report regarding the Chancellor’s five tests for joining the Euro might provide an impressive economic analysis; yet as we all know it will be a pointless one too
Department of Trade and Industry/Forum for the Future
Lessons from ICI’s transformation; a lecture at the Department of Trade and Industry/Forum for the Future.
Bedpans should be heard no more in Whitehall
A discussion regarding foundation hospitals, in a pluralist versus centralist context, reveals some difficult choices.
The real economy: May 2003
The last fifteen years has been one of the most remarkable periods in economic history. But the American model on which most economic thinking and policy making has been based is not only unattractive, it is inaccurate - both about human motivation and how socially embedded markets actually operate
A waiter calls the top of the property market
A revealing dinner party conversation on house prices.
It pays churches to have faith in markets
The analogy between Wal-Mart’s competition for customers and Southern Baptists' for adherents, reveals some interesting insights.