Ian Runge's Books
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Capital and Uncertainty
Examines the process of how large, important irreversible choices are made, under uncertainty. Focuses primarily on capital investment decisions in business; when to invest in more information prior to the "big" decision, and risk/return tradeoffs where "risk" cannot be defined by some stock-market "beta." Also examines path dependency and shortcomings in typical large company processes for capital investment decisions.
Mining Economics and Strategy
Textbook setting out the fundamentals of economic evaluation and strategic decision-making in the minerals industry: designed for mining professionals including Geologists, Metallurgists, Mine Planning Engineers, Mine Operators and Technicians, Mine Management, Financial Controllers, Business Analysts and Financial Analysts in the Minerals Industry, and advanced Students of Mineral Economics. Extensive examples using simple as well as advanced applications of discounted cash flow techniques, and new ideas in business strategy.
New Wealth of Nations / Australia
From Adam Smith to this day, economists and others have speculated on and documented what they believe is the nature and what are the causes of the wealth of nations. In business, writers and strategists have likewise promoted ideas on what is the nature and what are the causes of the wealth in firms. Strategies to grow businesses start by understanding the core technologies and core competencies of the firm, and attempt to apply, grow and protect these unique contributions. But for a nation this task is very haphazardly done. This is the aim of this new book by Ian Runge. What are Australia's core technologies and core competencies? Unique characteristics? How can and do the uniquely Australian character traits translate into sustainable wealth? The book is in its early stages of design. P.S. The book title is only preliminary!