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The Co-op’s mistake was to detach responsibility from power

The test of an organisational structure is not how it handles success but how it copes when things go wrong.

Being ethical in business is not as simple as ‘doing the right thing’

Ethics are about what to do when good behaviour and profitable business are not necessarily the same thing.

Why business loves capital markets, even if it doesn’t need capital

One of the paradoxes of modern business is that firms have never had so little need of capital or so much involvement with capital markets.

Lessons from the house that Lewis built

The British retailer John Lewis, owned by an employee trust and long a favourite of metropolitan women, has now become a favourite of their politician husbands.

Let’s talk about the market economy

Modern titans derive their authority and influence from their position in a hierarchy, not their ownership of capital.

Time for the Big Society to get down to the nitty-gritty

A small fraction of the ingenuity devoted to the construction of complex financial instruments that no one should want could advantageously be applied to the construction of less complex instruments that meet the needs of the Big Society.

Think before you tear up an unwritten contract

The substitution of transaction-oriented dealings for relationship contracting added to profitability in the short run; but in the long run it eroded relationships that had been the underlying source of much of that profitability.

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.

First-class driving makes little economic sense

The benefit of road improvements is principally the reduced time and strain on private motorists, not the economic advantages to road transport operators: that lesson should influence the way we plan our road networks. Fast roads for light traffic are much cheaper to build than superhighways.

How the competent bankers can be assisted

No one wants bank managers to be replaced by civil servants. But there are a lot of perfectly competent bank managers out there, even if there are a lot of incompetent bank executives.