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The Volterra Approach: November 2011
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Tuesday, 29 November 2011. The August Riots: A Network Perspective. What can complex systems and network theory tell us about the summer riots? There was clearly a great deal of copying going on, of imitating other people’s behaviour. This was both within a given community and across communities. Social network media did not cause this, they facilitated it. The incidents received much wider coverage in the traditional media. There are lots of examples of perceived police insensitivity towards minority co...
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Image Gallery – Fan. Half-Day Conference: Fashion and IPR. Media & Publications. The probate of Hans Dinesen. Naming a Woman’s Gown. 8216;Bizarre’ Fabrics. Cloth, Fashion and Revolution. Female Doll’s Clothes. Lady Ribblesdale’s Shoes. Companies & Guilds. Collections UK & Ireland. Associated Partner 1 (Project Advisor) : Paul Ormerod. Volterra Consulting, UK. Email: pormerod@volterra.co.uk. Website: www.volterra.co.uk. Why Most Things Fail: Evolution, Extinction and Economics. 378 (2007), 48-52. Hayek, &...
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The Volterra Approach: Some Surprises - But Not Many
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Friday, 23 March 2012. Some Surprises - But Not Many. The Budget this year was perhaps the most leaked ever: a far cry from the occasion when a Chancellor was sacked for blabbing Budget secrets. Only the changes to allowances now being dubbed the 'granny tax' really provided much surprise which is perhaps why the journalists have fallen on them with such glee, though the detail may be less impressive than the headlines. Subscribe to: Post Comments (Atom). Welcome to The Volterra Approach. 21st Century Po...
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The Volterra Approach: Post-Crisis Economics
http://volterraapproach.blogspot.com/2012/02/post-crisis-economics.html
Tuesday, 14 February 2012. A conference last week brought together a variety of economists from academia and policy to discuss what changes the discipline should produce post the financial crisis and what changes should be made to degree studies. I did wonder whether we should run an auction to decide the agreed proportion – an area where there is probably a consensus that progress has been made – but didn’t have any rules to hand. What about technical innovation which disrupts markets? I think that the ...
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The Volterra Approach: January 2012
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Monday, 30 January 2012. The Folly of Wellbeing in Public Policy. Labels: Paul Ormerod; GDP; Happiness. Thursday, 19 January 2012. Recessions as Collective Action Problems. In a blog on Keynes and Hayek. I mentioned that I viewed recessions as collective action problems. In this blog I want to expand on what I mean by this because it makes all the difference for economic policy. It also contextualises our conventional demand management approaches, namely fiscal and monetary policy. Prof Tuckett explained...
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The Volterra Approach: October 2011
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Thursday, 27 October 2011. Wasting Lives - a statistical analysis of NHS performance since 1981. The last few months have seen regression in the public debate about health options in the UK with a disregard of key evidence. A new report published this month authored by John O’Connell,the Research Director of the TaxPayers‘ Alliance, analyses the performance of the NHS over the past thirty years (read the full report here. Nick Bosanquet: Director Volterra Health. Subscribe to: Posts (Atom).
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The Volterra Approach: August 2011
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Tuesday, 2 August 2011. Why is economic growth stalling? May be it is Ricardian equivalence! The British and American recoveries do seem to be stalling. The recovery profile is by no means as strong as is usually the case after recessions, even after pretty major financial crises like that of 2008/09. Ricardian equivalence is an esoteric concept which much of the time has little or no impact. But it might be doing now. The current massive emphasis on government debts and deficits certainly alerts consume...
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The Volterra Approach: Co-operation and Competition
http://volterraapproach.blogspot.com/2012/02/co-operation-and-competition.html
Monday, 13 February 2012. Ed Mayo, ex-head of the New Economics Foundation and now of Co-ops UK, has an interesting blog (read here. On the importance of co-operation in our economic system rather than competition. This is a really challenging and difficult topic. More generally, co-operation is needed to agree institutional structures in which economic activity can take place. And it is the basis of most contractual agreements. It is impossible to specify in complete detail most business-to-busi...But a...
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The Volterra Approach: December 2011
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Friday, 9 December 2011. Health Spend At the Blair Benchmark. There is an emerging model of healthcare which can deliver better services for patients. The model has four stages in prevention, early diagnosis, ambulatory treatment and care programmes. There is clear evidence from Scandinavia and from HMOs in the US that such a model can deliver better health for populations while containing costs. 1)OECD Health at a Glance 2011. Key Findings United Kingdom. By Nick Bosanquet, Director Volterra Health.
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