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Essays in Regulation (new series)

Launched to mark the Institute’s 21st year of activity, the Essays series is intended to cover broad issues in regulatory policy. Submissions of papers for consideration in the series should be made to George Yarrow

A Commentary on the Opening Chapters of ‘An Inquiry into the Nature and Causes of the Wealth of Nations’

George Yarrow

published October 2021

Adam Smith’s Wealth of Nations (“WoN”) is a foundational book in the social sciences and one of the classic works of human civilization, but like many classics it is rarely read. Its influence has been …

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Brexit and the Single Market Revisited

George Yarrow

published December 2017

As the Brexit negotiations begin to focus on future trading and customs arrangements these notes reprise the principal theme of Brexit and the Single Market2 (published in July 2016 in the wake of the referendum) …

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Brexit and the political economy of regulation

George Yarrow

published September 2017

This essay is a developed version of the Zeeman Lecture given at the Regulatory Policy Institute’s Annual Conference on 26 September 2017 at Lady Margaret Hall, Oxford University. The motivation for the Lecture was that, …

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Brexit and the single market

George Yarrow

published July 2016

The UK is currently a Contracting Party to the European Economic Area (EEA) Agreement, and exit from the EU does not necessarily imply exit from the Single Market (i.e. withdrawal from the Agreement). Exit from …

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The political economy of markets

George Yarrow

published April 2015

The word market is widely used in contemporary economic and political discourse, but usually without any clear sense of what it means or is meant to refer to. In a literal sense, people do not …

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Dysfunctions in economic policymaking: simple stories, complex systems and corrupted economics

George Yarrow

published January 2014

This essay is focused on ways in which complexity in economic systems is addressed in policymaking and in particular on the over-simplifications that frequently occur in assessments. In doing so it touches on a range …

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