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Charities as Management Consultants

In July 2010, the Economist observed how non-profit organisations “…are commonly advised to become more like for-profit businesses. Management experts and consultants view them as horribly inefficient due to the absence of…

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Labour Market Arbitrage in China

In his 1817 book, “On the Principles of Political Economy and Taxation“, David Ricardo explained the principle of economic comparative advantage.  He drew example from the production of wine and cloth in…

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Taxation and Economic Self-Harm

There is little doubt that taxation is an economically necessary and ethically valid part of society’s structure.  “Taxes” stated Oliver Wendell Holmes Jr. “…are the price of civilisation.” Many cite taxation as…

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Digital Piracy in Business

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…

6 min read

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Volcano Business Lessons

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.”…

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Moral Hazard & Short-Term Attitudes

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,…

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The Arrogance of Globalisation

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,…

5 min read