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News & Features Finance My Summer Reading List

My Summer Reading List

Written by Ian Stewart on Thursday, 09 August 2012 09:55
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With the holiday season upon us I thought I would release a summer reading list. These eight articles offer an eclectic alternative to the latest popular economics books. I think you will get a lot more ideas in less time from this list than from reading one finance best-seller. All of these articles are available free and online.

1. New software is providing companies with more information on the habits and incomes of online shoppers. This enables businesses, especially in areas where pricing is complex, such as air travel and hospitality, to charge different prices to different consumers. This article has useful advice on how to get the best deal – including the recommendation that on-line shoppers use a PC to avoid the higher prices levied on generally more affluent Apple users by some websites (2 pages)

http://www.economist.com/node/21557755/print

2. London is hosting the Olympic Games for the third time, having previously done so in 1908 and 1948. In 1908, the capital had only two years to prepare, after Rome was unable to host following the eruption of Vesuvius in 1906. This fascinating account from History Today shows how those Games went on to set a number of precedents for future Games (3 pages)

http://www.historytoday.com/print/4135

3. Experiments by bestselling author and Duke University professor Dan Ariely have revealed that almost everyone is willing to cheat a little. In this TIME Magazine article he explains why we exhibit such dishonesty and studies the impulses that make us steal a pen from work but not petty cash (2 pages)

http://business.time.com/2012/06/18/why-almost-all-of-us-cheat-and-steal/

4. Yale University's Robert Shiller is perhaps best known for his New York Times bestseller "Irrational Exuberance" which warned of the dot-com and housing bubbles. In this article, he explains why speculative bubbles are social epidemics, such as those involving belief in alchemists and astrologers, rather than market-created events (2 pages)

http://www.project-syndicate.org/print/bubbles-without-markets

5. Why do many large and expensive aid programmes often fail to achieve their goals? This Economist article outlines the ideas of Esther Duflo, an economist at the Massachusetts Institute of Technology, who argues that relatively small interventions may be the key to improving the lives of the very poor (2 pages)

http://www.economist.com/node/21554506/print

6. In the late nineteenth and early twentieth centuries many academics lent their support to eugenics – a social movement aimed at 'improving' the genetic composition of the population by breeding out 'unfit' races. This article from Yale's alumni magazine sheds light on the contribution of Irving Fisher, one of America's most well-known academic economists, to this movement (7 pages)

http://www.yalealumnimagazine.com/issues/2012_05/feature_eugenics.html

7. The global financial crisis has fundamentally changed the world economy. In this article on Project Syndicate, Harvard's Dani Rodrik outlines the three key characteristics that will define success in this new global economy (2 pages)

http://www.project-syndicate.org/print/the-new-global-economy-s--relative--winners

8. Somalia has topped Foreign Policy magazine's annual index of failed states for the last five years. This article from Foreign Policy looks at ten reasons why countries fall apart, from elites blocking new technologies to a lack of property rights (7 pages)

http://www.foreignpolicy.com/articles/2012/06/18/10_reasons_countries_fall_apart?print=yes&hidecomments=yes&page=full

Last modified on Sunday, 19 August 2012 21:33
Ian Stewart

Ian Stewart

Ian Stewart is a Partner and Chief Economist at Deloitte where he advises clients on macroeconomics and financial markets developments. Ian devised and runs Deloitte's quarterly survey of Chief Financial Officers, writes the Monday Briefing and comments on the economic scene in the media.

Before joining Deloitte Ian spent 12 years as Chief Economist for Europe at the US investment bank, Merrill Lynch in London. He previously worked as Special Adviser to the Secretary of State for Social Security, the Rt Hon Tony Newton, as Head of Economics in the Conservative Party’s Research Department and as an economist with the Confederation of British Industry in London.

To sign up to Ian's Monday Briefing, click here

 

DISCLAIMER

© Deloitte LLP 2012. All rights reserved.

Ian's articles contain general information only and they are not intended to be comprehensive or to provide professional or investment advice. It is not a substitute for such professional advice and should not be relied upon or used as a basis for any decision or action that may affect you or your business. This briefing is not directed to, or intended for distribution or use in, any jurisdiction where such distribution or use would be prohibited. To the extent permitted by law, Deloitte LLP accepts no duty of care or liability for any loss occasioned to any person acting or refraining from acting as a result of any material in this publication.

This communication is from Deloitte LLP, a limited liability partnership registered in England and Wales with registered number OC303675. Its registered office is 2, New Street Square, London EC4A 3BZ, United Kingdom. Deloitte LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu Limited ('DTTL'), a UK private company limited by guarantee, whose member firms are legally separate and independent entities. Please see www.deloitte.co.uk/about for a detailed description of the legal structure of DTTL and its member firms.

Opinions, conclusions and other information in all articles which have not been delivered by way of the business of Deloitte LLP are neither given nor endorsed by it.

Website: www.deloitte.co.uk/mondaybriefing

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