Produced to price
For many people the role of manufacturing industry is an emotional issue rather than an economic one - meet the manufacturing fetishists.
Time to let go
The “regulation” of the banking industry is more like “supervision”. The difference is more than semantic, and the result is less than satisfactory.
Called to account
What are the responsibilities of Shell to society at large? There is a simple answer - and it’s wrong.
Cars and capacity
More careful thinking in the field of accountancy is bringing it closer to economics
South Bank University – 1997 Annual Lecture
Ten years ago, ICI’s annual report described the company’s objectives:
“ICI aims to be the world’s leading chemical company, serving c...
A rare privilege
Returns go where there is scarcity. The land in Champagne is intrinsically scarce. Other factors can be made scarce, or to cease to be scarce, as the history of broadcasting tells us.
Lemon economics
Tobacco companies are allowed to make no claims for their product at all, except that it is bad for you. An economist’s perspective on advertising may explain why.
Test of possession
“Ownership” is not a simple concept. I own my umbrella, and companies are owned by their shareholders. The word means different things in different situations.
Don’t just do it
When should a government intervene in the market? It is not clear what New Labour thinks is the answer.
Redistibutive market liberalism (New Statesman)
For most of the last century, political debate on economic issues has been dominated by socialism. The agenda and the language of soci...