Quote of the day: F.A. Hayek on economists
The economist is the last to claim that he has the knowledge which the co-ordinator would need [for planning]. F.A. Hayek in The Road to Serfdom, 1944
Goonix is an economist working in industry. His classic liberal views means that he is typically the most skeptical of the TVHE authors when it comes to government intervention in a market.
The economist is the last to claim that he has the knowledge which the co-ordinator would need [for planning]. F.A. Hayek in The Road to Serfdom, 1944
Recently Premier League clubs in the UK have disclosed the amount of money they are spending on football player agents’ fees. These agents act as middle men between players and clubs, facilitating the transfer of players. Some of the more interesting information revealed in the disclosure includes: Premier League clubs are paying almost £2 million […]
The California Energy Commission, in all their wisdom, have decided that the best way to encourage energy conservation is through imposing compulsory energy efficiency standards on TVs – in other words they are banning what they deem to be ‘energy inefficient’ TVs. They are the first state in the US to implement such a measure. […]
Events in high demand that have limited capacity sell out. See for example the Wellington Sevens or Toast Martinborough, which sold out in three minutes and thirteen minutes respectively. These events sell out as demand far outstrips supply at the price that the seller sets. In other words, many of those purchasing the tickets would […]
FIFA have punished Chelsea by banning them from the signing new players in the next two transfer windows after they were found guilty of inducing Gael Kakuta, a France youth international, to breach his contract with Lens in 2007. The decision means that Chelsea will not be able to add to their squad until January […]
The owner of Montana Wines and New Zealand’s largest wine company, Pernod Ricard, is set to cull its contracts with wine growers in the Gisborne region. This action is in response to falling demand for chardonnay and sparkling pinot noir wine, both domestically and internationally. Chardonnay exports reportedly fell 12-14% last year alone. The culprit? […]