Category Archives: Short Post

Surprising Levels of Integrity – the Economics of Publishing – Part 1

Publishing as an industry is a bit of an odd beast. Your usual model for an industry is to take some raw materials, combine them in some way with labour to add value, this gives your product which you sell. … Continue reading

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Peak Car

The Atlantic has a very brief, but interesting comment on the idea of “Peak Car” in the USA. http://www.theatlantic.com/business/archive/2013/06/has-the-us-passed-peak-car/277016/ Personally I can well believe that there is such a thing as peak car in a long term trend sense. The … Continue reading

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The impact of a new Birmingham Airport

So there have been proposals submitted suggesting a massive increase in capacity for Birmingham Airport might be a viable approach to easing the constraints on flights. http://www.birminghamairport.co.uk/meta/about-us/planning-and-development/airport-master-plan.aspx and http://www.bbc.co.uk/news/uk-england-birmingham-22819552 and also: http://www.independent.co.uk/news/uk/home-news/birmingham-airport-unveils-plan-to-take-70-million-passengers-in-bold-test-to-heathrows-air-supremacy-8651450.html It is an interesting, if very difficult, question … Continue reading

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3 Reasons Why Transport Needs Good Economists

Every discipline has its challenges. In this post I briefly list some of the challenges to economists that arise in transport planning; these are those things that make it just a bit more complicated than it might be. 1) The … Continue reading

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Three Reasons Why Financial Models Fail

Financial models, the tools used to forecast cash going into and out of a company, profit, loss, liquidity, risk are important tools to managers. Unfortunately sometimes they go wrong. Often they go wrong due to unforeseen events – problems in … Continue reading

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Small Business Finance at the Margins

So I read this: http://www.bbc.co.uk/news/business-20262282 yesterday with some consternation. To be clear I don’t believe the conclusions that borderline surviving companies are holding back the economy more than failing ones, but the article does raise some interesting points. Firstly we … Continue reading

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The Problems of Assessing Risk with Active Agents

Risk analysis is not perfect.  We do out best with available data to make forecasts subject to uncertainty, to estimate how things can go wrong and how likely they are.  We can make recommendations and I like to think that this has value for clients. In all of … Continue reading

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The Education Bubble

Education, Education, Education probably has a familiar ring to many of us.  Education has widely been seen as a social tool and an economic tool to a generation or more of politicians.  To the left in Britain,  higher education represented a path to … Continue reading

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Forces of Nature and acts of God

Recently there has been much in the news about natural disasters. Firstly there has been the trial and conviction of the Italian Seismologists accused of giving falsely reassuring statements prior to the L’Aquila earthquake; now there has been a lot of press coverage of Hurricane … Continue reading

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Management Coming out of a Recession

How should companies look to adjust their management coming out of a recession? Recessions cause companies to cut staff, freeze recruitment and freeze wages.  Presumably each company has kept their best, or most appropriate staff (in so far as these … Continue reading

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