Why Don’t We Use Money Any More?
Spear-fishing, potholing, free climbing, potatoes.
All used to be high-risk activities, back before we used money.
Potatoes were particularly risky – growing them was bad enough,...
Do We Need More Doctors, or More Patients?
Gerry Robinson was a famous troubleshooter in the world of business – he said most businesses fail because they don't even know what they...
Lordy Be But Nick Hanauer Is Ignorant Of Economics, Isn’t He?
Nick Hanauer is, to my mind at least, clearly gearing up for a run at political office. I don't think merely being a Senator...
America’s Industrial Disaster – US Manufacturing Output At Record Levels
As we all know - because we're repeatedly told so by Lighthizer, Navarro and The Donald - American manufacturing is in a parlous state....
To Explain The Engels Pause – It Didn’t Happen In The First Place
It's a standard assumption that living standards declined at the birth of capitalism. This underpins much of the phantasms concerning the desirability of peasant...
Losing Your Religion Doesn’t Make You Rich – The Research Is Being Badly Reported
According to science - or according to newspaper reports of the science which is not quite the same thing - a country which loses...
To Pinpoint Why The NHS Doesn’t Work
An illustrative little story to make a rather larger point:
Matt Hancock will call on doctors and nurses to “throw away their pagers” and replace...
Why Facebook’s Latest Fake News Campaign Won’t Work In The Slightest
So Facebook has decided that it really should be doing something about fake news. They've even managed to get the underlying basic point correct...
Burberry Destroys £28.6 Million In Stock – Why Not, The Stock Is Cheap, It’s...
There's a certain amount of shock being expressed at the idea that Burberry destroyed £28.6 million of stock last year in order to "protect...
Indian Government Buys Sugar Farmer Votes By Borking Sugar Mills
To explain this part of Indian economic management it's only necessary to understand that growing sugar cane is a small scale farm matter. Sugar...