Monday, 7 May 2012

The Laffer Curve of Acquaintance

For some reason the Laffer curve (http://en.wikipedia.org/wiki/Laffer_curve) is one of the few economic theorems that I remember from Oxford, particularly the quote, “one potential result of the Laffer curve is that increasing tax rates beyond a certain point will be counterproductive for raising further tax revenue”. As we start five, no doubt glorious, years of Socialist leadership in France, this idea sprang into my mind again today…. It also got me thinking that maybe there is a parallel in terms of meeting people. I blogged recently that I think that despite the advances in technology you still need to meet people in person. Then I thought that before the advent of the internet, people met their colleagues on a daily basis (many still do of course). I wonder then that if I believe that you can’t maximize the effectiveness of your business activities without having met the other person, then maybe having too much face to face contact with them is actually detrimental to professional success? Maybe I should ask my Finnish friends who tell me that they prefer to send an SMS to their office colleagues rather than actually having to talk to them “live”.

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