Tag: Fallacies

For many people the role of manufacturing industry is an emotional issue rather than an economic one - meet the manufacturing fetishists.

Tobacco companies are allowed to make no claims for their product at all, except that it is bad for you. An economist’s perspective on advertising may explain why.

The communitarian view of politics and society - whereby our actions and views are inseperable from the communities in which we live - is not incompatible with mainstream economic thinking. Rather, it heightens our understanding of how markets work.

What is a brand? Sometimes it is a quality certificate and sometimes, simply part of the product itself. It matters which.

George Orwell dissected the use of language in politics. He would have found a similar target in the language of business.

Will the dominant firms of the next century be the ones that show foresight and react quickly? Many of the best companies work simply by doing traditional business very, very well.

We would do better to stop talking about competitiveness. It seems only to get in the way of clear thinking.

Is it really so bad to be “stuck in the middle”? If you can master the art of the “shifting concept” you can make any idea stick.

We evaluate risks poorly - whether it comes to insurance, speculation or beef scares. These mistakes cost us all money in the long run.

The victory of market forces over central planning is complete. The communist regimes of Eastern Europe collapsed under the weight of their own...