Rational decision making (FT Summer School)
The classical theory of rational decision-making under uncertainty has been evolving for over 200 years, since Daniel Bernoulli and Rev...
A balance between care and discipline
Balancing the needs of public sector companies with the needs of society is a delicate matter. It is however, possible to achieve.
In search of self-interest
He is self interested, materialistic, and obsessed with calculating his worth. But who is the rational economic man?
A financial disservice
If the government wants people to save more it will have to look beyond first year economics. Full information and homogenous products are no antidote to imperfect human nature
Of ants and omelettes
David Beckham would find it hard to explain the physics behind his free-kicks. It can be equally difficult to analyse the reasons why some firms are more successful than others
Profits without honour
The bullish 1990's market lead companies like Enron and WorldCom to strive for unrealistic earnings growth - eventually by any means necessary. Their stories show that shareholder value should be an end, and not the aim of good businesses.
A missing element
Airtour's landmark victory against the European Competition Commission signals the need for a reform of the system. More funding, and a rethink of what cases should be sent to Brussels are essential
God save the CEO
Queen Elizabeth II inherited her job as the "CEO" of Britain's most famous family firm. History shows us that those born into power can be just as effective as those who are chosen.
Twenty Years of Privatisation
Twenty years after it all began, the meaning of privatisation is now clearer. Privatised businesses have fared better than nationalised ones but most have not thrived in the private sector. And the plc model does not work for monopoly services.
Migration ins and outs
Our understanding of the effects of immigration is often distorted by emotive political arguments. An economic analysis uncovers some interesting questions.