Now mind the gap
The Bank of England should get on with the job of setting interest rates and other monetary activities, and be held accountable for how well it performs. Instead, everyone wants to retain control over decisions while shedding responsibility for outcomes.
Sharing responsibility is to pass the buck
Taking decision making powers without also taking responsibility means that nobody is really responsible at all – as Michael Howard has ably demonstrated.
The Customer Corporation
The stakeholding view of the nature and purposes of corporations applies most forcefully to monopoly public utilities. This essay analyses some of the problems of utility regulation and proposes a stakeholding alternative.
Cracks in the Crystal Ball
Economic forecasters tend to say the same thing at the same time, but they rarely get it right.