Why we do what we do

Behavioural economics has never been hotter. It’s not just the success of books such as Nudge, Predictably Irrational and Basic Instincts, but the political influence of the field: one of Nudge’s authors, Cass Sunstein, runs the Office of Information and Regulatory...

“Are the economists on drugs too?”

If you enjoyed today’s Outside Edge from a rationally alcoholic tramp, you may enjoy my lunch interview with Gary Becker, Nobel laureate and co-founder of the theory of rational addiction. And here’s a more subversive take on the theory – not safe...

Welcome to boss-onomics

“What upsets me about the job? Wasted talent. People could come to me, and they could go, ‘Excuse me, David, but you’ve been in the business 12 years. Can you just spare us a moment to tell us how to run a team, how to keep them task-orientated as well as happy?’ But...

Outside Edge: Priced out of an alcoholic stupor

“Supermarkets will no longer be allowed to sell alcohol as a loss leader under minimum pricing measures expected to be announced by the government on Tuesday. The UK coalition has been looking into minimum pricing to tackle alcohol abuse.” (Financial Times, January...

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