Tag: Miscellaneous
In search of self-interest
He is self interested, materialistic, and obsessed with calculating his worth. But who is the rational economic man?
Of ants and omelettes
David Beckham would find it hard to explain the physics behind his free-kicks. It can be equally difficult to analyse the reasons why some firms are more successful than others
Migration ins and outs
Our understanding of the effects of immigration is often distorted by emotive political arguments. An economic analysis uncovers some interesting questions.
Simplicity has a price
Most popular non-fiction titles are aimed at an educated audience. But a reading age level test indicates that a 10-year-old could easily understand the world's best selling business book.
An era of big names
Some CEOs command celebrity status in the business world. But their companies' performances show fame doesn't always equal fortune.
Citizen Keynes
Looking for a lesson in economic behaviour? Put down your textbooks, and head off to the cinema or video store.
Thinking in sevens
Categories and lists help us to make better sense of a complex world. But they must be chosen carefully.
Peak performance
The idea of rational profit- and utility maximisation is prominent in economics, but was challenged by Herbert Simon, a winner of the Nobel Prize in economics who died in February. Instead Simon emphasised the idea of bounded rationality in economics. This article explains why that approach deserves to survive its author.
