Our blog provides an opportunity for members of the RPI, and guest commentators, to express personal views of regulatory matters. It will sometimes include essays, sometimes biographies and snippets, and sometimes will highlight research papers, possibly from earlier years, that still seem relevant to current issues.
On trust in markets
17 December 2019
It was a great pleasure to spend two, sunny, late November days in Melbourne this year (2019) discussing the future of regulatory policy with Australian friends and colleagues, particularly since their own, national discourse has been at a rather higher intellectual level than the UK’s for a few years now. The theme for the meet-up of the Regulatory Policy Institute of Australia and New Zealand (RPI ANZ) was ‘Rebuilding faith in institutions, markets and competition’. It was motivated by a phenomenon that is shared across the hemispheres: a steady erosion of trust/confidence in these things.
It was clearly a very …