Competition
Competition is usually better than regulation in safeguarding the interests of consumers. That is a general lesson of two centur...
Endowment mortgages
Christmas 1989…
I know this is a busy time, so thanks for seeing us.
I understand you would like some independe...
Regulation
Supervision of the lottery stumbles from mishap to mishap. In desperation the government has now appointed one of its most distin...
Winners and losers
Every day, the photographs from Sydney show the joy on the faces of the winners and the anguish of the losers. Yet it is a...
Fuel crisis
One of the side effects of a crisis such as the fuel shortage is a widening of the gap between economists and ordinary people. Mo...
Insurance
Three centuries ago, the modern insurance industry emerged. In Edward Lloyd’s coffee shop in London, rich and idle English gentle...
Networks
A few years ago it was still possible to holiday in the troubled but beautiful province of Kashmir. I flew to Delhi, caught a sma...
New Economy
The market value of Amazon.com may have fallen by almost 70 per cent from its peak of $36.4bn. But the internet retailer is stil...
Kelda
When the Soviet Union collapsed at the end of the 1980’s, no-one was more delighted than the managers of the only supermarket in a smal...
Microsoft
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In the 1980’s the British government planned to restrict and privatise two key industries. In gas, Sir Dennis Rooke fought a succe...