Sunday 24 April 2011

I've discovered Ian Fletcher !

A beautifully clear exposition of the theories of absolute and comparitive advantage, and his own observations on the limitations and likely consequences of naively using the latter as a guide to economic policy: The Theory of Comparative Advantage and Why It’s Wrong.

Thursday 7 April 2011

Advertising's unintended side effects

Targetted advertising must surely be responsible for a lot of unintended guffaws nowadays. As I avidly read a CS Monitor article about mass sackings of Shiites by the Sunni minority government in Bahrain, in the context of the continuing unrest there, I notice that the right hand side of the page is full of adverts for ... cheap holidays in Bahrain! Special offers, apparently. I bet they've got a lot of those.