The anti-trust authorities are continuing to try to police the high tech markets. But are they up to the job? … Continue reading “Markets move on as competition policy stands still”

Although he was used to dining with friends every Sunday, on one occasion Adam Smith ‘retired to bed before supper; … Continue reading “Ken Minogue R.I.P.”

Economic historian William Letwin passed away, aged 90, a few days ago. Professor Letwin belonged to a prominent family: his … Continue reading “William Letwin R.I.P.”

A review of Why Capitalism? by Allan H. Meltzer ‘No economic system focused on property confiscation and redistribution has ever … Continue reading “Why Capitalism?”

Foreign direct investment (FDI) is an important economic indicator. The more a country is perceived by foreigners as attractive, the … Continue reading “Italy must remove the barriers to foreign investment”

Unfortunately prime minister Mario Monti appears not to have read the insightful comment by Philip Booth, who suggested that ‘a … Continue reading “Italy is in a crisis of credibility”

The European debt crisis is bringing Italy into uncharted waters. With an over-400 basis point spread between Italian bonds and … Continue reading “Privatisation and liberalisation are the key to recovery in Italy”

Late last year Philip Booth and I proposed a solution to the euro crisis in an article for the Wall Street … Continue reading “A solution to the euro crisis”

Before Intel was fined €1.06 billion in 2009, Microsoft had long held the dubious honour of being the corporation subject … Continue reading “Antitrust as industrial policy: lessons from the Intel case”