Some criticisms of "I, Pencil"

by @edent | # # | 1 comment | Read ~108 times.

I am not an economist - so perhaps someone more intellectually equipped than me has already written a better version of this blog post. "I, Pencil" by Leonard E. Read is an influential essay on the nature of free-market capitalism. It correctly points out that the modern world is so complex and interdependent that no…

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Ignore Percentage-Based Cost Savings

by @edent | # # | 1 comment | Read ~286 times.

I was reading an article in The Guardian about a new "no frills" transatlantic airline. The author talked about the various costs, and whether the cost savings were worth it. So, how much cheaper is it really? BA wanted a minimum of £709.31, while Virgin's cheapest was £689.31. Norwegian offered us a flight at £579.20…

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