Tag: Fallacies

“Do the math” has become the mantra of a generation of consultants and investment bankers. The new economy, they claim, requires new principles of valuation. But the rules of logic hold even in cyberspace, and so do the principles of economics. Profits are hard to earn in competitive businesses, and markets that are not competitive are usually regulated.

The Parable of Dot, Com and Uncle Sam. Where exactly is Uncle Sam’s money going?

If man were not a social animal he would not be as economically successful as he has been. A biological perspective can prove highly illuminating.

The proposal to extend the Droit de Suite amounts to a subsidy of successful artists by unsuccessful ones.

There are three ways of regulating behaviour - and of the three, regulation by values is much under-rated.

“Rip-Off Britain” has turned into a damp squib. Economists are unlikely to be surprised.

If you really want to find the New Economy - and the underestimation of productivity gains - look no further than Switzerland.

Steel production receives a disproportionate amount of attention from politicians and the media. This obsession is deep rooted and illogical.

Perhaps the invisible hand of Adam Smith is not as important in free market economies as the freedom for unsuccessful experiments to fail.

Whose interests are served by waves of mergers and demergers?