Trust within organisations and of organisations is in short supply.  Trust could be a basis of competitive advantage. The first step is to get your people to trust you and making them feel safe is the first step. Safe is not cutting people as soon as there is a dip in the economy. Safe is […]

All firms will become disrupted at some point in time.  Historical evidence shows that only 20% of companies are able to maintain above average industry level profitability over an extended period of time.  Moreover, once a firm loses its leadership position only 6% of these companies will ever be able to regain their lost industry […]

Yesterday I wrote to question Ed Balls’ and the UK Labour Party’s call for 50% top income tax rate as a tribalist political move that was completely divorced from any sane economic justification.  The post generated a great deal of debate. For the record, as an academic I do not earn more than £150,000 per year. […]

The UK Labour Party’s shadow chancellor Ed Balls announced yesterday that the party would reinstate the 50% tax level imposed by Gordon Brown at the height of the financial crisis should they win the 2015 general election.  Mr Balls stated that the new top-level of tax on earnings above £150,000 would “help balance the nation’s books […]

Larry Summers attacks George Osborne’s austerity programme in Davos.  According to Summers the UK austerity programme lacks credibility and the Chancellor should have followed US lead in deficit reduction.  Ho hum….let facts speak for themselves. More about this here:

I have always intuitively known that ‘Big Society’ is alive and well in the US.  Prime Minister David Cameron tried unsuccessfully introduce the concept in the UK when he was elected leader of the Conservative party. The ideas of compassion, charity, neighbourliness, and voluntary service are alien concepts in a society that has been long conditioned […]

The  International Monetary Fund (IMF) is forecasting the UK economy to grow by 0.9% this year.  The number itself is pathetic, but what makes it worse is that this growth is mainly statistical, utterly sustainable as it is driven by loose monetary policy that fuels domestic demand that domestic productive supply-side is not able to meet. […]

There is mounting academic evidence that lower tax rates are better for economic performance.  The latest study comes from Cornell University’s Karel Mertens. Mertens’ brilliant working paper published by the National Bureau of Economic Research provides evidence that high tax rates are detrimental for economic performance. The paper estimates the dynamic effects of marginal tax […]

Harvard Business School Professor Clayton Christensen has co-authored a short book that aims to teach us how to think about our lives and purpose. Professor Christensen is well-known for his groundbreaking research in disruptive innovation, and in the book he shares powerful research and theories about success and failure. How will you measure your life? offers […]

“Rates down, good for bonds, rates up, bad for bonds. Excellent!  Rates down – let’s trade!” That was the extent of Andy’s analysis, and I took this as the signal to hit the phones and start stuffing bonds into my investors’ portfolios in Scandinavia, Kuwait, Benelux, etc. I kid you not, this incident took place […]

F. A. Hayek would have been 114 years old on May, the 8th.  There were a number of great posts in the blog sphere to the day to celebrate his birthday, but we should remember his contribution daily to carry his intellectual agenda forward.  Today, I celebrate Hayek’s lasting legacy by quoting from “Fatal conceit: […]

I have collected a list of some of Margaret Thatcher’s most memorable quotes for posterity.  You may find them irritating, inspirational, or even funny; but they will not leave you without an opinion of her.  One of my favourites is: If my critics saw me walking over the Thames they would say it was because […]

The video features Professor Peter J. Boettke talking about his new book “Living Economics: yesterday, today, and tomorrow.” Peter’s book is an inspirational read. It counters the excessive simulations of modern academic economics. The book places economics back where it belongs; into the hands of all of us regardless what we do for living, or […]

The ugly and callous ‘celebrations’ held by the members of the radical loony left that followed the news of the passing of Baroness Thatcher have again polarized the public opinion over her legacy.  The most vocal critics have included some “has-been” politicians with well-known limited intellectual abilities, as well as a “motley crue” of artists, […]

I have added a daily e-paper to supplement the blog.  You can access the daily edition “Uncertainty and Ambiguity” through  The daily paper incorporates news feeds from leading libertarian policy think tanks in the UK and USA. You can access “Uncertainty and Ambiguity from the link below: Uncertainty and Ambiguity