Economics of sin

  Did you know there is an acute cocaine shortage in England at the moment? The scarcity is made all the more acute due to the fact that the World Cup apparently drives up cocaine consumption dramatically. According to dealers, good weather and an evening match has...

Will big data and economics destory the beautiful game?

If you are a Liverpool fan, don’t read this! When I was young and playing football, I remember the routine at the kick-off from under-eights upwards. If it was our kick-off, the two wingers (usually small lads) tapped the ball to each other and rolled it back to...

What the sacking of David Moyes tells us about our modern economy

Sport is the ultimate winner- takes-all economy where the difference between first and second place is huge. No one remembers runners-up. It is all about glory – or glory and riches – and no one wants to be second best. This is why Moyes’ exit was so abrupt; Man...

Lessons from sporting legends can keep businesses on the ball

The hotel ballroom is jammed. And this isn’t any old ballroom but the ballroom of the Al Faisalya Hotel in Riyadh – the most posh hotel in a city of posh hotels. I am writing this from the foyer of the hotel, having just finished a speech to Arab investors on...