Tag: Theory

Building a monopoly on the back of network externalities is possible, but only by ignoring the complex reality of human relations.

The mobile phone spectrum auctions are part of a long tradition of governments deriving revenue from allocating scarce resources. In this case, no juster tax has ever been imposed.

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.

With a sense of historical perspective that is submerged by today's e-babble, we can see that some of these dreams will have to become reality simply to ensure that the pace of change over the next century is as rapid as the pace of change has been over the last two centuries.

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

A brief history of business in the 21st Century

A flavour of John's forthcoming book, 'The Truth About Markets'.

The resource based view of strategy has a coherence and integrative role that places it well ahead of other mechanisms of strategic decision making. After thirty years or so, the subject of strategy is genuinely acquiring what can be described as a paradigm - to use the most overworked and abused term in the study of management.