Adam Smith’s theory on the division of labour first appeared in 1776 in The Wealth of Nations. The idea was later revived by The Coasters in their early 1960s B-side ‘My Baby Comes to Me’. Well, she go to see the baker when she wants some cake She go to see the butcher when she
Despite my opposition to High Speed 2, I am quite a big fan of HS1, the line which runs from St Pancras to Ebbsfleet, Ashford and on to other towns in north and east Kent. I also think HS3 — a proposed line linking the cities of t’Northern Powerhouse — is a good idea. Why
In December the controversial satellite TV channel ReallyTV launches its Christmas season with a flagship reality show called From Homs to Hamburg. A dozen refugees, accompanied by their families, will be given a budget of $500 and two-days’ water in a race to cross the German border using any form of transport. The prize for the
A fascinating newcomer on the British high street is the vape shop. These were perfectly described by my friend Paul Craven as ‘like a cross between an Apple Store and an Elizabethan apoth-ecary’. In the splendid All About da Vape in Deal, there is a glass cabinet full of new, hi-tech ‘mods’, ‘tanks’ and ‘coils’,
A few years ago, in the week before Christmas when supermarket sales are at their highest, staff at one branch of a leading British chain regularly did the rounds of local competitors’ shops buying up their entire stock of Brussels sprouts. It was, in its ethically dubious way, an interesting experiment. You might assume frustrated
Afamily member is thinking of moving and asked for commuting advice. Well, first add 25 per cent to any journey time estimate containing the phrase ‘door to door’. When commuters cite journey time to work, the journey they have in mind is one which happens with the frequency of a solar eclipse: when every traffic
You won’t read much about Sir Francis Galton nowadays because, while it’s inarguable that the man was a giant in scores of scientific fields (many of which he invented), it is hard to deny that he was a teensy-weensy bit racist. That he wrote a letter to the Times in 1873 entitled ‘Africa for the
I had a water meter installed in my flat a few months ago. I looked at it just now and it said ‘13’. I didn’t know what ‘13’ meant, so I went online to check. Apparently, in a few months, four of us have used 13 cubic metres of water, or 13,000 litres. The £40
The greatest mistake made by conservatism was its overly close relationship with neo-classical economics. This was a marriage of convenience: finding themselves Johnny-no-mates in the academic world, the conservative establishment hastily bunked up with the only group of social scientists who were prepared to talk to them. This cohabitation was not only unhealthy but boring.
What follows is a proposal for reducing the BBC licence fee and improving the corporation’s output while saving the British newspaper industry. All that’s involved is a basic understanding of pricing psychology combined with a digital currency for micropayments. Under my proposals, half the licence fee would fund the BBC’s Reithian purpose; the other £60
The appallingly bad photograph below was taken on my mobile phone about 15 years ago. It shows the menu layout from the Lisbon restaurant Chapito. I have never seen any other restaurant adopt such an ingenious format. You are given five set menus to choose from (white, yellow, orange, red and green) with a suggested
Seven years ago I wrote here about a site called Kiva.org. I had met the co-founder of this charity when she came to Oxford in 2007 and was intrigued by her idea. Jennifer Jackley had been inspired to start the site by Muhammad Yunus’s work on microlending — the practice of issuing small loans to
I spent the last few days in Deal and Folkestone with Professor Richard Thaler at Nudgestock, Ogilvy’s seaside festival of Behavioural Science. On my way home I decided to stop off at M&S to buy some runny scotch eggs and a pie, accompanied by some unwanted green things to make my basket look middle-class. Finding
I am scraping the edges of my memory here, but I am fairly sure that opinion polls in my childhood (for the elections of 1970, 1974 and 1979) quoted four percentages: Conservative, Labour, Liberal and ‘Undecided’. Nowadays no figure is quoted for ‘Don’t knows’, and party support is contrived to add up to 100 per
Readers of a certain age may remember choosing a cassette player in the 1980s. In theory the process was simple: we would have read reviews of competing devices in audiophile publications and then bought whichever device scored best in terms of sound quality, reliability and value for money. Except we didn’t do this, did we?
I don’t like to make business predictions, but — barring some apocalypse — I suspect there will be plenty of estate agents around in 2065, and occupying prominent high-street shopfronts just as they do now. This may seem an absurd prediction: after all, almost no one now uses an estate agent to find a house:
Whenever I hear the phrase ‘hard-working families’ a little voice in my head asks ‘what about the lazier, chilled-out families? Shouldn’t we think about them too?’ If Cameron simply abandoned this Stakhanovite fetish and announced Britain’s move to a four-day working week, he could win the election outright. It may take decades, but the work
In the late 1980s, the parks service in the United States were concerned about the deterioration of the stonework on the Lincoln Memorial. So they asked the maintenance staff why the stone was decaying. The crew explained that they used high-power sprays every fortnight to clean the masonry. The water penetrated cracks and joins, weakening
Driving from Dover on the M20 a year ago I missed the turning for the M25. A month later I did it again. Then again. ‘You bloody idiot — you missed the turning,’ I said to myself each time. Eventually, after I had missed the turning five times in ten journeys, I wondered if it
Few people know this, but hidden within the FedEx logo, between the E and the x, there is a small white arrow, pointing to the right. I feel slightly guilty sharing this with you, since from now until your death you will find it impossible not to notice this device. It is something which once
