By Chris Dillow I welcome Professor Sir Angus Deaton’s report into inequality. I especially like its emphasis (pdf) upon the causes of inequality: To understand whether inequality is a problem, we need to understand the sources […]
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By Chris Dillow Imagine we lived in a feudal society in which lords exploited peasants. A defender of the system might argue that wealthy lords perform a useful service; they protect their peasants from invasion […]
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By Chris Dillow Chris Edwards says the privatizations started by Thatcher “transformed the British economy” and boosted productivity. This raises an under-appreciated paradox. The thing is that privatization isn’t the only thing to have happened […]
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by Chris Dillow Shareholder value, said Jack Welch, “is the dumbest idea in the world.” I was reminded of this by Tim Worstall’s reply to Liam Byrne’s demand to “reject once and for all the […]
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By Chris Dillow We economists – especially those of us who are on the left – have got a problem: voters don’t agree with us. Events a few days ago demonstrated this. But it is […]
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