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Enjoy your visit, we hope you find this site useful.
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Posted in Site news
After transferring content across, the old site has been switched to the new – sorry to all of you looking for purple and orange colour schemes!
You will notice a new focus for economic-truth, with blog posts accompanying the academic content that the site carried before. These posts will look at various issues with an economic focus; please let us know if there’s anything you want to be covered.
Posted in Site news
The issue of piracy on the Internet has particularly high visibility, with Wikipedia, Reddit and WordPress blacking out their sites in response to the US government’s plans for legislation to ban links to pirated material. The key issue is that the government’s plans aren’t attacking the pirates directly, but are instead attacking anyone who runs a site which may carry or link to copyright material. A similar issue exists in the UK, with the last government’s pressing through of the Digital Economy Act 2010; under a strict interpretation of the act, ISPs could be forced to block access to Google if it were shown to link to pirated material.
During the move to the new site, it is intended that the notes for CIMA Business Law will be input directly to the site rather than being held on a PDF. A benefit of this will be that this will enable discussion around the contents of the page, and if anything needs clarification it can be easily reworded.
Why isn’t this happening to the rest of the notes? Common attributes of economists are their love of drawing graphs and their use of equations, which don’t easily translate to website content. Never say never, though.
Posted in Site news
The media like to state that the private sector are the ones who pay for the public sector’s pensions. This isn’t entirely true.
The issue is that, unlike the private sector, public sector pensions are funded from general taxation. The public sector pension pot doesn’t really exist – it just all goes into and comes out of the overall budget.
Prices of electronic books
A quick browse of Amazon shows that many books available through the Kindle are priced around the same level as the physical product. The cost of provision of these electronic books is much lower, however: printing costs, distribution costs, and even the margins to retails are either non-existent or significantly reduced. Why, then, is there this equivalence in pricing?
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Posted in Commentary
Tagged pricing, taxation, willingness to pay