Transport for London’s decision to cancel Uber’s license could have been based on a sophisticated economic analysis of the total … Continue reading “TfL is not a disinterested party. It is an interest group, beholden to other interest groups”

The tables have turned. It used to be that Britain provided the blueprint for radical market-based reform, whilst France was … Continue reading “Macron’s plan to make France less European – and more prosperous”

One of the few but crucial advantages that economists have over others in attempting to navigate the world is the … Continue reading “It’s the margin, stupid!”

A little over 100 years ago, the American engineer Frederick Winslow Taylor outlined in his book Principles of Scientific Management … Continue reading “The new Taylorism misunderstands the changing nature of work”

Since the onset of the euro zone crisis, two schools of thought have emerged, offering different diagnoses of the single-currency … Continue reading “Book review: ‘The euro: how a common currency threatens the future of Europe’ by Joseph E. Stiglitz”

Professional trend-watcher David Mattin argues that so-called ‘ethical business’ is the new big thing. He raises Uber’s recent regulatory and … Continue reading “Stakeholder capitalism and the free-rider problem”

That Donald Trump managed to pick the one economist in the world who is opposed to free trade is an … Continue reading “Trumpism is bad enough on its own. ‘Navarroist’ mercantilism makes it even worse”

Expectations about the impact of Brexit on the flow of people into and out of the UK are unrealistic. This … Continue reading “Come Hard Brexit, come Soft Brexit – EEA migration to Britain will continue”

Most Western countries today offer extensive pension and healthcare entitlements which are predicated on inter-generational transfers: those of working age … Continue reading “The case for an Office for Intergenerational Responsibility”