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- 06 Jul
Pareto and the 80/20 Rule
Vilfredo Pareto (1848-1923) was a famous Italian economist who, amongst other things, derived some interesting relationships between income levels and the number of people who received more than that income. Anecdotal evidence credits Pareto with the original recognition that 80% […]
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- 05 Jul
DCF’s and NPV’s … Thank Irving Fisher!
Irving Fisher (1867-1947) was one of the greatest and clearest-thinking economists of all time. He established the theoretical support for modern discounted cash flow analysis, writing that “the value of capital is the present value of the flow of (net) […]
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- 05 Jun
Will we be able to afford commodities in the future?
We are always exploiting the easiest reserves of everything – coal, oil, gas, copper, or any other commodity. As these reserves are exhausted won’t the cost of extraction from new deeper, more complex deposits increase substantially? Will we be able […]
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- 05 Jun
Exploiting the World’s Non-renewable Resources
If you mine and burn some non-renewable resource – oil, gas, coal – to run your car on, or make electricity with, are you unfairly exploiting the world’s resources to the detriment of future generations? This is a common perception. […]
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- 07 Mar
Is the Boom already becoming a Bust and are we Prepared?
This paper is a shortened form of a public lecture in May-2012 by Ian Runge at the invitation of the University of Queensland School of Economics. The objective was to examine the state of the (then) current resources boom, and […]
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- 05 Mar
More about Real Capital – Why capital intensive industries like mining continually fail to achieve expected returns to investment
This paper is the second in a series examining the differences between real capital and financial capital. Real Capital is to Financial Capital as Real Options are to Financial Options. Not recognizing the differences between the two leads to incorrect […]
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