Graeme's

Technology drives consumers to irrationality

Posted by Graeme in Market failure at 10:36 am on Thursday, 15 February 2007

Technology, and the development of technological products, undermine free market mechanisms. One, of many, reasons for this is the problems consumers face in making a choice about purchases. Does this affect the assumption that consumers are able to make informed and rational decisions, which is required by the argument in favour of free markets? (more…)

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Pointless EU bureaucracy

Posted by Graeme in Politics at 8:45 am on Thursday, 15 February 2007

I was going to write about why people are irrational, but the sheer stupidity of the EU bureaucracy trumps ordinary irrationality. (more…)

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