Adam Smith Blog

Undercover Economist

The case for ending Amazon’s dominance

Undercover Economist
It should not be difficult to love Amazon. To consumers, it offers choice and convenience. Countless internet ventures have relied on its cheap, flexible cloud computing services to start and scale up. Amazon makes titans such as Walmart work hard for their revenue, offers a shopping search engine that is Google’s only serious rival, raises […]

Lessons from history in how to spot a bubble

Undercover Economist
Here are three noteworthy pronouncements about bubbles. “Prices have reached what looks like a permanently high plateau.” That was Professor Irving Fisher in 1929, prominently reported barely a week before the most brutal stock market crash of the 20th century. He was a rich man, and the greatest economist of the age. The great crash […]