Economics The Theory of Creative Destruction 22 Jan 202122 Jan 2021 I'm sure deep down we all get a small amount of pleasure from destructing something. Whether that's the preciseness of a display in a shop, the virgin snow-covered field or…
Economics Public Choice Theory 28 Nov 202011 Dec 2020 It's quite probable that when James M Buchanan Jnr created is Public Choice Theory he didn't expect to win a Nobel Prize. But that's what he did. He probably also…
Economics The Kaldor-Hicks Theorm 28 Nov 202011 Dec 2020 It doesn't matter what the decision is, someone somewhere will be worse off. It doesn't matter if it's a political decision, an economic decision or a referee's decision, there will…
Economics The Paradox Of Choice 28 Nov 202011 Dec 2020 In 2004 American psychologist Barry Schwartz published his book called The Paradox of Choice – Why More is Less, where he argued that eliminating consumer choices was actually a good…
Economics Giving Before Receiving 28 Nov 202010 Dec 2020 The term "fallen giant" seems to be one exclusively used by the Footballing world. The English professional game is littered with them. Newcastle United, Portsmouth, Blackburn Rovers, Nottingham Forest, Sunderland,…
Economics The Resource Curse 28 Nov 202010 Dec 2020 The resource curse, also known as the paradox of plenty, refers in footballing terms to the situation that exists at the highest level of the professional game where the clubs…
Economics The Theory of Endogenous Growth 28 Nov 202010 Dec 2020 It’s been a long-held belief that growth of any business or economy is reliant on exogenous, or external, factors such as cash or government policy. Endogenous Growth theory holds that…
Economics The Moral Hazard Theory 28 Nov 20209 Dec 2020 In the 2014 film The Big Short, the story behind the start of the Global Economic Crisis was explained. To many of us, the years between 2007 and 2010 saw…
Economics Disruptive Influences 28 Nov 20209 Dec 2020 Back in 1997 DC United won the second ever MLS Cup, beating Colorado Rapids on home turf. At the same time of DC's domestic success, Harvard Business School professor Clayton…
Economics The Doom Cycle 28 Nov 20209 Dec 2020 In the last few years I have written a number of articles trying to explain some common Economic Theories using football as a reference point. Up until now they have…
Economics The Theory Of Sabermetrics 28 Nov 20208 Dec 2020 For those who have seen the film Money Ball or read Michael Lewis's book of the same name, you will be familiar with the name Bill James. For those who…
Economics Chaos Theory 28 Nov 20208 Dec 2020 Most economic theory is modelled on the laws of motion developed in the 17th century under the ideology that for every action there is an outcome. The last domestic TV…
Economics Return On Investment 28 Nov 20208 Dec 2020 Every couple of years the news of the bids for the Premier League TV rights is a headline story. The amounts that the Premier League have received for the collective…
Economics The Theory Of Value 28 Nov 20207 Dec 2020 Back in 1261 whilst waiting for the medieval equivalent of Super Sunday to start, Italian philosopher and Doctor of the Church, Thomas Aquinas picked up his quill and started to…
Economics The Theory Of Collective Insanity 28 Nov 20207 Dec 2020 In 1841 the Scottish journalist Charles Mackay published his most famous work - an essay that today is the piece of work that every football club should religiously read each…
Economics Satisfaction Theory 28 Nov 20207 Dec 2020 Former Morecambe, Stockport County and Grimsby Town striker Phil Jevons may not appear to be much of a deep thinker but the Jevons family are famous for defining one of…
Economics The Veblen Effect 28 Nov 20204 Dec 2020 Hands up who wants a Rolls-Royce? A convertible Bentley? An Aston Martin DBS? Ok, apart from Danny Last and Big Deaks who can’t drive. We would all love to own…
Economics The Bandwagon Effect 26 Nov 20204 Dec 2020 “I was there when we were relegated against Middlesborough at The Bridge.” It’s amazing how many Chelsea fans I meet who, when I claim were “Johhny-cum-lately’s” wheel out the fact…
Economics Counting The Cost Of Counterfeiting 26 Nov 20204 Dec 2020 Back in 2012, it was reported that the major professional sports leagues in the United States lost more than $13 billion in revenue due to sales of counterfeit shirts and…
Economics Value Propositions 26 Nov 20204 Dec 2020 Back in 2010, the concept of Non-League Day was announced by James Doe, a Harrow Borough fan. The not-for-profit and volunteer-run initiative was created to coincide with a break in…
Economics Regression Theory 26 Nov 20203 Dec 2020 The 2020/21 Premier League season has been notable for the sheer unpredictable nature of results. Aston Villa, a team who stayed in the division on the last day of the…
Economics Market certainty 26 Nov 20203 Dec 2020 The Market for Lemons was a controversial piece of research published by Nobel Prize-winning academic, George Akerlof in 1970 that focused on the used car market. Up until his work…
Economics Behavioural Economics 26 Nov 20203 Dec 2020 Trying to understand why your centre-forward chooses to shoot from a tight angle rather than squaring to a team mate in space, or why a club would choose to spend…
Economic Theories explained by football 