Wednesday 8 December 2010

The Ozzard of Wiz: or Market Definition

Daughter 1, aged 8, reports that the 4 year olds wanted to do the Wizard of Oz for school.  They phone the performing rights people, she says, who refuse on the basis that it would be too close to the centre of London.  Quote "Honestly Dad, some people are idiots.  Who really thinks that people in London would not go to a play in order to come and see some infants at a School doing it instead".  So now the kids are doing The Ozzard of Wiz.

Good thing her Dad was on the Competition Commission for eight years.  The gal understands market definition.

Wednesday 1 December 2010

The Irish Bail Out Disaster

Assorted links.

1. Barry Eichengreen on the disaster that is the Irish bail-out, via Brad de Long.

2. Martin Wolf on the future of the Euro.  The lesson: like the minimum wage, there is always another margin of adjustment.