Tag: General

John describes five groups of reasons why economic education is an indispensable part of any general education.

League tables are in vogue, and despite the difficulties they seem worthwhile. If only it were easy to produce a “value added” table.

Just as universities need to tell people to stop quibbling and work towards a common objective, companies need to realise that clustering around a corporate conventional wisdom that has not been subject to analysis and debate is also not a recipe for success.

Being the fantastical story of the islands of Amer and Eur…

Why does water - essential to life - sell for less than diamonds? Any explanation which doesn’t look both at supply and demand will not get you far.

Ten years ago, ICI’s annual report described the company’s objectives: “ICI aims to be the world’s leading chemical company, serving customers internationally through the innovative...

“Ownership” is not a simple concept. I own my umbrella, and companies are owned by their shareholders. The word means different things in different situations.

For most of the last century, political debate on economic issues has been dominated by socialism. The agenda and the language of socialism...

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.