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Tag: Economics In Action
Established companies in all industries are inhibited in their response to radical change by vested interests inherent in their existing business models. Now, in publishing, it's time for the author to be placed where he or she should be - in charge.
If Scotland introduces its own currency the first minister should declare that all contracts made in sterling – or dollars – will continue to be payable in that currency.
What does the death rate from violent accident in England over seven centuries tell us about moral hazard in the financial system?
The correlation between a temperate climate and economic prosperity is clear and striking. What are the causes?
Economics students are - yet again - expressing dissatisfaction with the content of their curriculum. They are right
The most important source of economic advance comes not from doing the same things better, but from achieving the same objective in a completely different way.
The dispersion of productivity among already rich countries has increased. Norway and Switzerland have surged ahead but laggards such as Italy – and indeed Britain – have struggled to keep up with the pack.
The monetary rewards attached to different occupations and social positions change from one period of history to another. The houses remain, the backgrounds of their occupants change.
Humans have always found it hard to cope with the idea that every individual has a lifespan even as life itself goes on. The idea of a natural life cycle for a business, or industrial centre, is even more difficult to accept.