...on human nature and the market, including a call for restraint on mindless regulation...
A few weeks ago we published what seems like our most popular blog article to date, namely Increased Friction Costs. As it has been our most read article, we thought we might continue to build on the theme of Economic Friction Cost. Williamson (1993) published some work on Transaction Cost Economics (TCE) in a book … Continue reading Continuing conversations in Friction Costs: Increased Friction Costs II
We link today’s article to one of our main themes on our home page, namely the ‘Battle against the Status Quo’, or as per the title of this posting, ‘The Morass of Mediocrity’. The underlying intent and theme is that of competition and competitive behaviours and the difference between rules based and principles based … Continue reading The Morass of Mediocrity
The CBI published a report entitled "The shape of business - the next ten years" in late 2009. The authors identified 5 key drivers affecting the business environment, namely: 1. Changing finance and capital conditions, 2. The decline of trust in business and markets, 3. A less benign macroeconomic environment, 4. Social and … Continue reading The Sustainability Gene