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Theme : economics
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Apocalypse now
A tsunami has hit the world's financial institutions this year, wreaking carnage in the past month. It has toppled giants, turned princes into paupers and prompted governments to make the most drastic economic intervention seen since the New Deal.There is wide agreement that we are witnessing a once-in-a-lifetime financial 'apocalypse', but scant consensus as to what caused it. Every view can be heard in the din of analysis - from those who perceive nothing more than the normal cycle of the...
from : peterharrington
7th November 2008
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When the going gets (really) tough, intervene
“Are we talking ourselves into a recession” was the topic of last night’s event organized by Spiked. Although panelists were not in cozy agreement over the magnitude of the economic crisis (specifically David Kern—economic advisor to the British Chamber of Commerce, Phil Mullan—economist, and Steve Schiffers—BBC News disagreed with a fatalist Larry Elliott—The Guardian) the latest events in America’s financial sector have played a role in...
from : silviaguglielmi
25th September 2008
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DON'T PANIC!!!
So the chancellor wants to be able to save banks in private. He is keen that, when future Northern Rocks rock, the Treasury should be able to help them out without telling the public everything that is going on, in case they 'panic.' Back in September, Duncan wrote about how the prevailing view among economists saw runs on banks as irrational. Given the huge uncertainty about the stability of Northern Rock, getting my money out would seem to me to be the most sensible possible course of...
from : jackstilgoe
30th January 2008
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Safety for deposits
Economists can be frustrating sometimes. Watching the Channel 4 news yesterday I saw Michael Foot - formerly of the FSA, not the other one - describe how the people withdrawing their money from Northern Rock had been acting "naively" and "irrationally". But were they? There are at least two reasons to disagree with him.
from : mollywebb
18th September 2007
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Strategy Unit Seminar: Economics for the Real World
Economics for the Real World. Eric Beinhocker, Senior Fellow of the McKinsey Global Institute, set out a new perspective on how economies work in the real world and its implications for public policy. Based on 'The Origin of Wealth'
from : duncanoleary
24th April 2007
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The Long Tail: The Rise of Freeconomics
"Never in history has so much innovation been offered to so many for so little. The world’s most exciting businesses – technology, transport, media, medicine and finance – are increasingly defined by the word “free”. Whereas WalMart, the world’s largest retailer, promises “everyday low prices”, entrepreneurs and ultra-competitive incumbents develop business models predicated on providing more for free. It is a difficult proposition to beat."
from : charlietims
27th November 2006
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Harare 2 - Everyone's an economist
"Everyone's an economist," Lawrence tells me as we drive from Harare airport. We overtake an overcrowded minibus, full of people trying to make the most of what petrol can be found. On the back of the bus, a banner says "Opportunity Cost!" On the front, it says "Demand Elasticity!" If "Civilization advances by extending the number of important operations which we can perform without thinking about them" (A N Whitehead), then Zimbabwe's economy needs a...
from : jackstilgoe
26th July 2006
