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Wednesday 29 August 2012

Catch up: Anthony Evans in City AM

Anthony J. Evans is Associate Professor of Economics at our London campus. For the last year he has been writing a weekly column for City AM, a free business paper you can pick up from our reception every day. If you aren't able to get your hands on one on a Tuesday - the day Anthony's column is published - you can always catch up online via City AM's archive.

Prof. Evans' latest columns have included:

It's open season for football's economic analogies and the sky's the limit
Published 28th August 2012
Economists typically use the term inflation to refer either to an increase in the money supply, or its consequence, an increase in the general price level. Increasing prices in one particular sector, such as football transfers, is not inflation. In the same way, people often get confused about rising energy prices. What they are typically observing is the consequence of inflation, not the cause. Unless BSkyB gets control of the printing press, the company cannot generate inflation. Read more...

The cigarette display ban is a smoking gun in the war on free expression
Published 21st August 2012
The big issue in this debate on the cigarette display ban is how the policy has been received in business schools. You might expect an economist to be against it - after all we tend to take individual liberties quite seriously, and we don't like imposing regulatory costs on businesses. But it is doesn't really have much to do with economics. What I find odd is that marketing professors do not seem as troubled as I am, especially when this is a direct suppression of their discipline. Read more...

Drunk in charge: Outsourcing responsibility doesn't make better judgement
Published 14th August 2012
The public likes to blame banks for the financial crisis. But how many of us were paying attention to what they were doing? How many of those with savings at Northern Rock were looking at its balance sheet and monitoring its ability to find funding? Very few, I imagine. And the reason for this is because we'd outsourced judgement to the regulator, the FSA. But arguing for a better FSA is like causing a massive pile-up and then blaming it on the breathalyser. Maybe the breathalyser did malfunction, but the problem is using it as a substitute for personal judgement. Read more...

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