A lesson in transactions from the wallet test
How much will you offer to pay me for the contents of my wallet? Think carefully - if you must back a horse, don’t bet with the trainer.
Would I rather be Henry VIII?
Am I better off than Henry VIII? Dressing the question up in inflation statistics doesn’t make it any more sensible.
Why gurus should cross the bridge into business
Michael Porter’s models were based on a tool for industrial policy, not strategy. Now economists are beginning to understand the workings of firms as well as industries.
A world of difference
While accounting firms are “going global”, their rationale for doing so does not apply to other industries.
Value judgments
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.
The price is right
Cynics know the price of everything and the value of nothing. When is there a difference between value and price?
Produced to price
For many people the role of manufacturing industry is an emotional issue rather than an economic one - meet the manufacturing fetishists.
Cars and capacity
More careful thinking in the field of accountancy is bringing it closer to economics
South Bank University – 1997 Annual Lecture
Ten years ago, ICI’s annual report described the company’s objectives:
“ICI aims to be the world’s leading chemical company, serving c...
Lemon economics
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.