Drug companies are built in labs, not boardrooms
For most of the twentieth century, ICI was Britain’s leading industrial company. It was formed in 1926 through the merger of four...
No one will go to the ballot box to express concerns about investment fund custodianship
The Confederation of British Industry muffed its lines on Scottish independence last week, attempting to register with the Electoral Co...
GDP is flawed – just not the way most people think
At Oxford University, many students regard attendance at lectures as optional. So teachers who fail to enlighten or e...
Beyond shareholder value – why and how should the next government act
For a brief period before the 1997 election, ‘the shareholder society’ was New Labour’s big economic idea. Nothing came of it.&nb...
English law cannot stop Scots being sterling squatters
Scotland’s First Minister, Alex Salmond, has stated that if Scotland became independent following September’s referendum, the country w...
Book Review: The Reckoning: Jacob Soll
If Prospect held a competition for the most improbable conjunction of author and quotation, my ent...
The welfare cap replaces political judgment with spin
I was sitting last week in the Royal Courts of Justice, a gloomy Victorian monument from the English Gothic revival. At the same ...
Regulators will get the blame for the stupidity of crowds
Crowdfunding has wide appeal. For libertarians on the political right it demonstrates the power of individual action, free from t...
Economic abstractions conceal the true contours of human life
In Alan Greenspan’s recently published book, he argues that the economist’s assumption of rationality is inadequate to describe&n...
The startling human progress that economists fail to see
The runner Phidippides conveyed with his dying breath the news that the Persians had been defeated at Marathon but were about to launch...