Tag: Markets

Does it matter if all of Britain's electricity generating companies are owned by Americans? Neither laissez-faire nor chauvinism is the appropriate response to foreign ownership.

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.

Sport is a better metaphor for business than most: which makes the tawdry spectacle of Atlanta 1996 all the more depressing.

There is more to auctions than meets the eye. If you are going to design markets, make sure you understand how they work.

Different societies function in different ways, but Britain is really a “high trust” society. We would do well to recognise this.

Economics has never been more relevant to business problems. The two key groups of question of interest to businessmen - the internal organization of the firm and its relationship between its suppliers and customers, and the nature of strategic interactions between small groups of firms - are clearly on the agenda of modern economics in a manner which has not been true for most of the last century.