●  Philip Booth argues in the FT that ethics alone will not stop financial crises

●  Patrick Basham and John Luik explain why banning tobacco displays benefits the black market 

●  Art Carden asks whether drugs should be legal

●  David Friedman examines corporate governance

●  Alison Wolf in the TES on reforming the Stalinist further education sector

●  Philip Booth talks on the benefits of globalisation