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Thursday, February 2, 2023
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Don’t just do it

When should a government intervene in the market? It is not clear what New Labour thinks is the answer.

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.

A cowboy culture

How are we to deal with businessmen who won’t play fair? There are three responses, and the one most under-rated is to regulate by a system of values.

Down-payment required to curb bid fever

We would be better off if executives involved spent more time minding the store, rather than negotiating to buy each other's stores - so here is a proposal to put sand in the wheels of the takeover machine.

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.

Challenging the robust and flexible plc

We are converging on the plc as the only form of economic organisation in the modern world. But this is not without costs - and it is because we are not giving viable alternatives any legal encouragement.

A question of clarity and certainty

Try formalising a dress code and you will understand the importance of informal, cultural regulation.

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.

Privatised utility

A modest proposal for the founding of the “customer corporation” in utility industries.

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.

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