
Commercial Society and its Internal Enemies – A Smithian Synopsis
In this new piece in our Past Learnings Series, George Yarrow discusses the publicly perceived “untrustworthiness” of politicians
In this new piece in our Past Learnings Series, George Yarrow discusses the publicly perceived “untrustworthiness” of politicians
Scaling geologic time to (say) one year, homo sapiens has existed for less than an hour. In that twinkling of an eye, we have developed some capacity for foresight – an enormous evolutionary leap in one of nature’s creatures.
This piece in the Past Learnings Series is based on a hitherto unpublished internal Regulatory Policy Institute Paper dating from 2012.
The notion that promoting competition is a Good Thing has become a consistent theme in economic policymaking in recent decades, accompanied by an implication that “the more of it the better” should be a presumptive policy stance. In contrast, very many members of the public appear to find these propositions far from obvious, not least those who are owners of, or workers for, business enterprises.
The notion of ‘fairness’ is widely referenced in public policymaking and enforcement, but with no settled meaning. What we see is incoherent application of the notion across economic contexts, a form of policy disorder with which we are well familiar. Moreover, the disorder (‘entropy’) appears to be increasing over time.
Delivered as part of ‘The discovery, assessment and use of evidence in regulatory and competition law decision making’, Annual Competition and Regulation Conference 2018
Delivered as part of ‘The discovery, assessment and use of evidence in regulatory and competition law decision making’, Annual Competition and Regulation Conference 2018
Delivered as part of ‘In a period of great disturbance and volatility’, Annual Competition and Regulation Conference 2017
Delivered as part of ‘In a period of great disturbance and volatility’, Annual Competition and Regulation Conference 2017