As promised, this is a second comment on supply, demand and prices. The one before was on fish and this is on housing. As you’d expect, houses are more price sensitive than fish: people are concerned about the price in a way they aren’t when they are in the supermarket. However, that doesn’t mean that [...]
Entries from January 2008
January 17, 2008
Fish
This is the first of two posts on the topic of supply, demand and consumer behaviour (the next one on housing). Today, on Woman’s Hour, while driving through town, I heard a great article about fish.
The essence of it was the fact that cod and some other popular fish have massively increased in price (overfishing, [...]
January 7, 2008
Pay rises
Last month’s stories about police pay again show how journalists can’t do maths (also see this). As a union should, the Police Federation has pointed out how delaying any pay rise penalises their members, and uses a nice simple figure. One which is repeated by all the journalists, but doesn’t really make any sense. Indeed, [...]
