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The startling human progress that economists fail to see

The most important source of economic advance comes not from doing the same things better, but from achieving the same objective in a completely different way.

The world’s rich stay rich while the poor struggle to prosper

The dispersion of productivity among already rich countries has increased. Norway and Switzerland have surged ahead but laggards such as Italy – and indeed Britain – have struggled to keep up with the pack.

London’s mayor is half right on envy, greed and inequality

Envy is both inseparable from economic progress and destructive of social cohesion. Some inequality is inevitable, and there seem to be three principal factors that make it more tolerable.

Don’t blame the havens – tax dodging is everyone else’s fault

Corporation tax is a tax on corporate activity and on shareholders, and it is not well designed to achieve either purpose.

Google’s books drive needs a wider debate

Digital media is the future and two decades from now the book business will look very different.

Labour’s digital plan gets in the way of real progress

All our experience of the development of information technology starts from what the customer might want rather than what the technology might do.

How the market proved no panacea for BT

If you aim to create a dynamic, successful business, a state-owned utility is not the place to start.

Powerful interests are trying to control the market

A stance which is pro-business must be distinguished from a stance which is pro-market. In the two decades since the fall of the Berlin Wall, that distinction has not been appreciated well enough.

Chaotic evolution defines the market economy

Markets are not a well-oiled machine: they are a constantly changing, adaptive biological system.

The Future of Markets

Markets are not a well oiled physical machine: they are a constantly changing, adaptive biological system. Pluralism is their motive force, their essence chaotic, their development inherently uncertain. If we could predict the evolution of markets, we would not need markets in the first place.