The report regarding the Chancellor’s five tests for joining the Euro might provide an impressive economic analysis; yet as we all know it will be a pointless one too The Treasury’s assessment of the ...
And no one puts new wine into old wineskins; or else the new wine bursts the wineskins, the wine is spilled, and the wineskins are ruined. But new wine must be put into new wineskins. Mark 2:22, New ...
The gap between American universities and the rest of the world is widening. The week in which the Nobel Prizes are awarded is an opportune time to ask why. At the beginning of the 20th century, ...
Teams of friends visit a shooting range. All the shots of team B are below and to the left of the bullseye. The shots of team C are scattered all over the target. Team B demonstrates bias. Team C ...
The fate of ICI demonstrates how the market disciplines unsuccessful choices of strategy; in the case of ICI it is almost unfortunate that it does so. In 1926 four companies – Nobel Industries, United ...
John Kay responds to some of the criticisms that resulted from his recent article in Prospect Magazine. The stakeholding debate is about whether companies should be run exclusively by and for the ...
Dominant companies may confer marginal benefits to consumers that are difficult, if not impossible, to estimate. However, antitrust authorities will do little wrong if they stick to the underlying ...
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