In April 2010, the Economist reported, ��One of the lessons from TV is to accept change and get ahead of it. Broadcasters� initial response to the appearance of programmes online was similar to the music industry�s reaction to file-sharing: call in the lawyers. But television firms soon banded together to…

Thought Economics

“It feels great to have the iPad launched into the world” said Steve Jobs, Apple’s CEO, “…it’s going to be a game changer.” When observing the media analysis of such rhetoric, you always see a mix of embrace and cynicism. The latter being the ‘mainstream’ news titles, and the former…

Thought Economics

Professor Ronald Arkin is one of the world’s leading roboticists.  In 2009, he published a book entitled “Governing Lethal Behaviour in Autonomous Robots” which (as one review quoted) is, “….the most serious attempt to date to set out how to build an ethical robot.” The review continues, “This timely book…

Thought Economics

April 20 (Bloomberg) “Stranded flyers created a surge in demand for travel industry Web sites and remote conferencing services as a shutdown of many flights in Europe continued through a sixth day.” Nothing Broke… That’s Important. The eruption of Eyjafjallajokull really caught the world off-guard, and created the levels of…

Thought Economics

In the fields of political science and economics, you will commonly see discussion of the “Principal-Agent Problem” (also known as agency dilemma) which deals with the outcomes of situations of conflicted interest, or asymmetric information, where (for example) an agent (such as an investment manager) acting for a principal (such…

Thought Economics

On March 29th 2010, The Economist reported that, “When the trials of four Rio Tinto employees opened in Shanghai last week, their guilty pleas to the first of the charges, of bribe-taking, dampened hopes that the matter might be settled without any severe penalties. Even so, the harshness of sentences…

Thought Economics

In a statement issued on March 22nd 2010, Human Rights Watch said, “Google’s decision to stop censoring its Chinese search engine is a strong step in favour of freedom of expression and information, and an indictment of the Chinese government’s insistence on censorship of the internet…” They continued, “China is…

Thought Economics

On March 11, 2011 at 05:46 UTC, Japan was hit with a Magnitude 9.0 Mega-Quake (the fourth largest earthquake ever recorded) .  To put the size of this quake in perspective, it was 8,000 times more powerful than the one which devastated Christchurch (New Zealand) in February 2011, and around…

Thought Economics

In this interview, we speak to Sir Richard Feachem, who is Professor of Global Health at both the University of California, San Francisco, and the University of California, Berkeley, and Director of the Global Health Group. Sir Feachem was also the founding Executive Director of the Global Fund to Fight AIDS, Tuberculosis and Malaria, which has saved over 4.9 million lives globally. We discuss the key issues facing health in the developed and developing world, strategies to eradicate some of the most prevalent conditions, and the future of global health.

Thought Economics

Recent economic events have brought the concept of financial bubbles from academic texts to the forefront of economic and commercial thought.  Whereas economies used to be slow laborious creatures, the globalisation of capital markets, and growth of technology within them, has increased the ‘speed’ of economies to a pace never…

Thought Economics

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