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Tag: Economic Theory

Non league football

Economic Theory explained by Football 20 – The Paradox of Choice

30 Nov 20162 Dec 2016
In 2004 American psychologist and Philadelphia Union fan Barry Schwartz published his book called The Paradox of Choice – Why More is Less where he argued that eliminating consumer choices…
Non league football

Economic Theory explained by Football 19 – Giving before receiving

21 Oct 201616 Nov 2016
The term "fallen giant" seems to be one exclusively used by the Footballing world. Our top four divisions are littered with them.  Leeds United, Newcastle United, Portsmouth, Blackburn Rovers, Fulham,…
Non league football

Economic Theory explained by football – 18. The Resource Curse

20 Sep 20161 Oct 2016
The resource curse, also known as the paradox of plenty refers in footballing terms to the situation that exists at the highest level of the professional game where the clubs…
Non league football

Economic Theory explained by football – 17. Endogenous Growth Theory

21 Aug 201620 Sep 2016
In the seventh of his deep-thinking articles, our in house Economist Stuart Fuller tries to explain famous Economic theories by using football as the model. Today, he explains why we…
Barclaycard Premier League…

Economic Theory Explained by Football – 16. The Moral Hazard

20 Aug 2016
Back by popular demand (well, at least from one person) for the new season is the continuation of our series on trying to explain Economic Theory by applying the principals…
US Football

Economic Theory explained by Football – Disruptive Influencers

13 Jan 2016
Back in 1997 DC United won the second ever MLS Cup, beating Colorado Rapids on home turf. Avid fan and Harvard Business School professor Clayton Christensen was so compelled by…
Lewes FC…

Economic Theory explained by Football – The Concept of Marginal Gains

20 Dec 2015
Just down the road, 2 1/2 hours before Lewes kick off in their game against Farnborough, The Football League Championship's two clubs go head to head.  Brighton & Hove Albion…
Barclaycard Premier League…

Economic Theory explained by Football – Sabermetrics

24 Mar 201523 Mar 2015
For those who have seen the film Money Ball or read Michael Lewis's book of the same name, you will be familiar with the name Bill James. For those who…
Non league football

Economic Theory explained by Football – Complexity and Chaos Theory

19 Mar 2015
Most economic theory is modelled on the laws of motion developed in the 17th century under the ideology that for every action there is an outcome.  The recent TV deal…
Barclaycard Premier League

Economic Theory explained by Football – Return on Investment

3 Mar 2015
The news that the new £5.14 billion Premier League television deal hasn't exactly gone down well in many quarters.  The winning bids represent huge investments made by the media giants,…
Barclaycard Premier League…

Economic Theory explained by Football – Part 10 – The Theory of Just Pricing

3 Feb 201531 Jan 2015
Back in 1261 whilst waiting for the medieval equivalent of Super Sunday to start Thomas Aquinas picked up his quill and started to draft the first ever transfer policy for…
Barclaycard Premier League

Economic Theory explained by Football – Part 9 – The Theory of Collective Insanity

27 Jan 201531 Jan 2015
In 1841 the Scottish journalist and future Alloa Athletic fan Charles Mackay published his most famous work - an essay that today is the piece of work that every Premier…
Non league football

Economic Theory explained by Football – Part 8 – The Theory of Value

20 Jan 201531 Jan 2015
In the eighth of the Football-themed Economic articles, one of the world’s greatest mysteries is unravelled – The Theory of Value. Former Morecambe, Stockport County and Grimsby Town striker Phil…
Non league football

Economic Theory explained by Football – Part 7 – The Veblen Effect

13 Jan 201526 Dec 2014
In the seventh of his deep-thinking articles, our in house Economist Stuart Fuller demonstrates why lowering ticket prices is a bad thing. Hands up who wants a Rolls-Royce?  Ok, apart…
Barclaycard Premier League…

Economic Theory explained by Football – Part 5 – The fake deal in football shirts

30 Dec 201426 Dec 2014
In 2012, the major professional sports leagues in the United States lost over $13 Billion in revenue due to sales of counterfeit shirts and merchandise including a whopping $3 Billion…

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