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A random foray into data visualisation
I was thinking today about the distribution of wealth in the UK. It’s easier to understand small numbers than large ones, so it occurred to me that you could construct a fictional population of 100...
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Trying to see how the deficit is a different thing to the debt
I, like lots of people, have a morbid fixation with the state of the nation’s finances at the moment. You often hear arguments about whether it is the debt or the deficit that is the problem. The fact...
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Don’t try and make things better
I think sometimes we’re too obsessed with optimisation. It’s a product of the industrial revolution, or something, everything can go faster, better and cheaper, we assume, except that we all know it...
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What is Hyperbolic Discounting?
I’ve just been reading this New Scientist article about something called “hyperbolic discounting“. It’s an experimental observation about human behaviour that economists don’t like because they think...
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The Chemistry of Economics
In order to understand economics, you must first understand chemistry. That’s my story at least, and I’m sticking to it. I’m neither an economist nor a chemist (not a real one anyway), but I’ve been...
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