Our Blog

A Peculiar History of Coffee And Sex

New technologies and inventions are often met by the public with great distrust. It’s not hard to see why. Humans have a natural propensity to fear treading new and unknown terrain. We fear the perennial gale of Schumpeterian creative destruction; the disruption to existing market structures, displacement of existing jobs, or the potential hazards it…
Read More

Income Inequality and Luck

In January 2018 the very famous Oprah Winfrey received the very prestigious Cecil B. DeMille Award at the Golden Globes. To a standing ovation of who-is-who she gave a rousing speech. The video of that rousing speech went around the world and created another standing – virtual – ovation. Let’s face it. It was a…
Read More

Can Markets Bring Relief From Disasters?

As hurricanes have hit the US, a debate has been raging over the role of markets and governments in disaster prevention and post-disaster relief. Only this week, the Nobel Prize-winning economist Joseph Stiglitz pointed out what he described as an “obvious lesson”, which was that “markets alone won’t protect you” from natural disasters. This, he explains, is…
Read More

What About Monopolies?

One of the main criticisms levelled against the free market is the concept of market dominance, or market power. Free markets are great, but they often lead to the accumulation of power by certain firms, who end up as monopolies, or so the argument goes. One firm may eventually end up gobbling other smaller ones,…
Read More

Lee Kuan Yew liked Fredrich Hayek. Do you?

Former Prime Minister and Founding Father of Singapore Lee Kuan Yew, we can all agree, was an intelligent, well-read man who saw Singapore through its turbulent years. It would be interesting to explore some of his intellectual influences and whether they hold any relevance for us today. Significantly, Lee was a strong supporter of the…
Read More

Why Lee Hsien Loong Is Absolutely Right On Inequality

Income and wealth inequality is recognised as a big problem around the world today. It is perceived to have contributed to the backlash against globalisation in Western countries, the rise of populism amongst the electorate. The World Economic Forum identifies rising inequality as a big threat against the world economy. In Singapore, there is a growing chorus of economists…
Read More

Receive our newsletter

Please enter a valid email address.
Something went wrong. Please check your entries and try again.