The complexity of footballing success

6 April 2018|

What's the most wonderful time of the year? Christmas? Quite possibly. But, ask a football fan and they may well tell you that it's right now. As March rolls into April and arctic chills are replaced by glowing sunshine (or so we hope), the football season also begins to heat up, with the fixture list soon dominated by season-defining clashes. And I'm not talking about that fancy continental competition with a somewhat ironic title.[1] Rather I'm referring to what those

Garbage in, Nobel prize out?

29 March 2018|

I've been looking forward to my first TFiF. As a former Fathom client and now employee, I've always found this blog refreshing and a window into the writer's soul. An economist's soul. Some might say a dark place full of uncomfortable, narcissistic and unnecessarily complicated truths. Those people wouldn't be wrong and, will hopefully, be thoroughly pleased by what's in store. In anticipation of my blog debut, I've been busy filling out my very own hit list of topics to

Are film stars paid by the word?

23 March 2018|

In a two-part BBC documentary aired last year, a classroom of seven-year-olds were asked who, out of the boys and girls, would perform best at the funfair game, Strongman. The aim of the game was to slam the mallet down, hitting the base hard enough to send the puck sky-high and the bell ringing. All the children recognised that this was a strength-based game, with the girls picking the boys and the boys picking themselves as the most likely winners.

A monopoly on liquidity

16 March 2018|

The board game Monopoly® was originally invented by Elizabeth Magie, under the name “The Landlord’s Game”, as a means of demonstrating the evils of rentier capitalism. Originally, there were two sets of rules — essentially, socialism (where the rewards for development were shared by all) and capitalism (where the rewards accrue to the monopolist, who crushes all opponents) — the purpose being to show the moral superiority of the first set. Naturally, because the world is like that, the first

The mole of populism

9 March 2018|

Who remembers the game Whac-A-Mole? Well, for those who don't, Whac-A-Mole is an amusement arcade game in which players use a mallet to hit toy moles, which appear at random, back into their holes. As one pops up, you try to hit it, but as you do, another one springs up somewhere else. You're probably wondering where I'm going with this, but actually this analogy works pretty well to describe the rise of populism and populist parties across the developed

Fertility – a new early warning indicator?

2 March 2018|

It has long been recognised that some members of the animal kingdom are able to vary the fertility of their species depending on climatic temperature (if you're interested, look up 'temperature dependent sex determination'). This effect is typically thought to be evident only in reptiles and fish, but according to research published last month by Kasey Buckles, Daniel Hungerman and Steven Lugauer, it may be that humans have achieved something remarkably similar¹. Picked up by Monday's edition of the Financial

52 shades of Brexit

23 February 2018|

There's a law in logic, called the law of the excluded middle, that states, with reference to the proposition 'a': not (a and not a). That is to say, something is either the case or is not the case, never both. There's no 'middle'. Aside from wishing I could exclude a bit more of my middle, I would observe that real life isn't that simple. We use equivocal phrases like: "Well, it is and it isn't..." "Yes and no..." "On the

Made in China: the world’s biggest travel spenders

16 February 2018|

In Martin McDonagh's dark comedy classic, In Bruges, Ray, played by Colin Farrell, gets into a fight with a fellow customer who complains after his date lights a cigarette in the smoking section of a restaurant. Sensing a degree of New World in the puritan diner's accent, Ray runs through a list of anti-Vietnam War grievances, before punching him in the face, and shouting "That's for John Lennon!". The diner, for his part, is totally confused. The joke, we later

Risk takers and risk evaders

9 February 2018|

They say that as comedians get older, they stop making jokes about drugs, sex and hedonism, and start focusing on the price of childcare and mortgage approvals. As their fans are ageing with them, many become oblivious to the drudgery of another "kids say the funniest things" routine. It doesn't need to be original or edgy, it's just a relief to be out on a Saturday night without a baby monitor. (For evidence of this phenomenon, see Michael McIntyre gigs.)

Reflections from my Lithuanian haircut

2 February 2018|

For most of my adult life, my attitude to haircuts has been the following. Get them done as infrequently, as cheaply and as close to home as possible, show the hairdresser a picture of South African cricketer Dale Steyn and say: "Like that, but a little tidier, please. I have an office job." Most of the time this strategy has worked out quite well. But as I get older it's becoming increasingly clear that this laissez faire attitude to haircuts