I recently argued that the UK’s economic performance has been disastrous for 15 years. The consequences are plain to see: people are struggling to make ends meet; taxes are high, yet public services are overloaded; fights over a shrinking economic pie are leading to...
Articles
What Lego can teach us about saving the planet
Can Lego save the world? That’s one idea that stuck with me reading How Big Things Get Done, a new book by Bent Flyvbjerg and Dan Gardner. Flyvbjerg is perhaps the world’s leading authority on the failure of megaprojects — or how big things get done, but woefully late...
What the poet, playboy and prophet of bubbles can still teach us
One winter morning in early 1637, a sailor presented himself at the counting-house of a wealthy Dutch merchant and was offered a hearty breakfast of fine red herring. The sailor noticed an onion lying on the counter. “Thinking it, no doubt, very much out of its place...
Cautionary Tales – The Hero Who Rode His Segway Off A Cliff
Steve Jobs called 'IT' “the most amazing piece of technology since the PC”. According to Jeff Bezos 'IT' was not only “revolutionary”, but also infinitely commercial. IT was a fiendishly clever and massively hyped invention. But in the end 'IT' — also known as the...
Is life in the UK really as bad as the numbers suggest? Yes, it is
At a time of shortages, we are certainly not short of gloomy economic forecasts. The Resolution Foundation think-tank notes that average real earnings have fallen by 7 per cent since a year ago and predicts that earnings will take four or five years to recover to the...
Cautionary Tales – The Mummy’s Curse (Classic)
One hundred years ago, on 16th February 1923, the Tomb of the Pharaoh Tutenkhamun was officially opened. Disturbing the remains of the Egyptian pharaohs is known to incur a deadly curse, so why did a team of archeologists still risk inciting the wrath of King...
What economists get wrong about personal finance
In my defence, I didn’t get into financial trouble immediately after finishing my master’s degree in economics. It took months. I had a decently paid graduate job and was living within my means, so how did it happen? Simple: I had “cleverly” put all my savings in a...
We are taking your questions for Cautionary Tales
I’m taking your questions! Do you have any queries about one of the stories we’ve covered? Are you curious about how we make the show? Or is there anything else you think I might be able to help with? I want to hear from you, so send any questions you might have -...
Cautionary Tales – The Final Illusion of The Great Lafayette
Golden sparks rained down on The Great Lafayette’s famous show, “The Lion’s Bride”. They looked like they were part of the performance. They weren’t — and soon the theatre was ablaze. How to save the three thousand audience members now trapped in a burning building?27...