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Take the politics out of fiscal policy

Even though there is a case for leaving the responsibility of fiscal policy to the government, there is an even greater need for achieving the discipline and the same kind of objective assessment that has worked so well for monetary policy

Weaving the fine fabric of success

From the eighteenth century history of John Kay of Bury and John Kay of Warrington, we learn that creative skills and management skills are very different.

Incentive plans that corrode integrity

If profit related pay works for CEO's, then why not have growth related pay for the Chancellor? History tells us why this is a bad idea

Business can be a Nobel pursuit

The gap between American universities and the rest of the world is widening. The week in which the Nobel Prizes are awarded is an opportune time to ask why.

Britain counts the cost of wasted energy

With one short sentence uttered in 1965, Fred Lee, then Britain's minister for power, encapsulated the government's hopes of providing the country with cheap...

A financial disservice

If the government wants people to save more it will have to look beyond first year economics. Full information and homogenous products are no antidote to imperfect human nature

Profits without honour

The bullish 1990's market lead companies like Enron and WorldCom to strive for unrealistic earnings growth - eventually by any means necessary. Their stories show that shareholder value should be an end, and not the aim of good businesses.

God save the CEO

Queen Elizabeth II inherited her job as the "CEO" of Britain's most famous family firm. History shows us that those born into power can be just as effective as those who are chosen.

Stiffening the auditors’ backbones (written with Bryan Carsberg)

The debacle of Enron has shaken core assumptions about auditors and auditing . A new accounting standards body needs to be appointed to maintain the integrity of corporate reporting.

A vital item is missing

John Mayo's account of his troubled tenure at Marconi should serve as a warning to managers. Success in business is achieved by supplying goods and services effectively; not by seeking to boost share prices.

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