In this new piece in our Past Learnings Series, George Yarrow discusses the publicly perceived “untrustworthiness” of politicians and identifies, using the work of Adam Smith and other founding fathers of political economy, that the monopolistic powers possessed by the state make being enterprising a discretionary choice, rather than the a positive necessity.
For further discussions on the state of political economy, please visit the rest of our Past Learnings Series here, or sign up for our Annual Competition and Regulation Conference 2025, held at Lady Margaret Hall, Oxford (15th-16th September) via this link.
The paper is embedded below, and available for download via the link.