I have written about Kodak before and its failure to adapt to the disruption caused by its own invention and this piece by Kenny Suleimanagich is a neat little synopsis of how it all went wrong. See also Adapt by Tim Harford.
I always find it remarkable that so much public policy is generated with at best a modicum of half arsed evidence or at worst no evidence at all. To me austerity seems to fall into the latter camp of no evidence at all. There seems to be very little evidence for the majority of economic…
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