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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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- 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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- 22 Feb
GDP (Gross Domestic Product) � Don�t Believe it!
GDP is gross domestic product, not net domestic product. It measures production, not destruction. In 1958, Mao Zedong launched China�s �Great Leap Forward� and amongst other initiatives, provided lots of incentives to increase steel production. Steel output rose dramatically. BUT […]
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