This Armchair Economist is a author, publisher and an entrepreneur (of several businesses). Parent of two lovely daughters. Despite being trained, I decided against a career in economics, but it did gave me a unique perspective of the world. Some nice, some ugly… but that’s how the world is, isn’t it?
The purpose of this site aims not only to entertain, but also to engage ourselves in a thinking process where we can formulate questions and arguments during the course of reading. In short, to engage ourselves intellectually.
I have always loved reading, even from a very young age. It is alright if you do not know the First Law of Thermodynamics, but if you have never read Shakespeare, you really don’t know what you are missing. If only I had the opportunity to thank all the writers who have enriched my life; Iris Murdoch, Vladimir Nabakov, Isaac Asimov, Joseph Heller, Anne Rice, The Bard, Arthur Conan Doyle…the list goes on.
I remember many years back, I was very frustrated about an essay that I had to write, or rather, not being to pick my own topic to write for my assignment. This happened during the winter of 1998 where I took the opportunity to travel alone to Scotland. I remember vividly it was during my train ride northwards to Edinburgh that this frustration began turning into a labour of love. I decided to pick up my pen to begin plotting my first piece of work “Sad But True – The Meaning of Economics”. From the very beginning, I had decided that whatever I write will be in ‘plain’ English, something anyone would understand even if they have no in-depth knowledge of the subject matter. The failure with many economic writings is that they are inaccessible even to the smartest reader because of the level of mathematics involved.
Moreover, many economists hold a ‘holier than thou’, a ‘let me tell why and how because I know’ way of writing. This insults even the most intelligent of readers. Therefore, my primary objective when I write something is to present my work in a manner that is both entertaining and easily understood by the masses.
Some of the things I wrote started from the discontentment I feel towards the present state of economics. My interest on Venture Capital developed when I was researching for my dissertation. Venture Capital had been around for so long, but yet, this is one area where research is really lacking, especially research on the demand side. The purpose of my dissertation was to fill this gap. One can say all other papers on venture capital are derivatives of my dissertation.
I have an interest on The Corporation, I hope to develop a ‘Theory of Large Scale Organisation’ (someday). Within macroeconomics, Multinational Corporations (MNCs) had always been underrated. To me, MNCs are distinctive economic units apart from the nation states, regional economic units and the global economy. However, there is no one unifying theory for such organisations. This is where I hope to contribute. At the present moment, I hope to fill up the section about Web Economics. Given the fact that I am working in the Internet industry, I hope to translate some of my practical experience into my this section. However, I am not too sure if I would be able to finish the series before it actually goes out of fashion.
Finally, thank you for taking this journey with me even though I cannot promise you a very smooth ride…
Note: I am not, in any way, related to Stephen E. Landsburg, the author of the book “Armchair Economics: Economics & Everyday Life”.