Essay

The Good Market

Competition is a powerful stimulus to efficiency, innovation, and customer service. We can believe these things, and should, without feeling obliged to accept the political agenda of libertarian individualists. The language of inclusion provides the basis for doing so.
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Article

An idea full of leaks

Privatisation is not valuable in and of itself – it is competition that counts. Although it has worked elsewhere, it has not and will not work in the water industry, because there is no scope for competition.
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Article

Economics and Business: 1990

Economics has never been more relevant to business problems. The two key groups of question of interest to businessmen - the internal organization of the firm and its relationship between its suppliers and customers, and the nature of strategic interactions between small groups of firms - are clearly on the agenda of modern economics in a manner which has not been true for most of the last century.
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