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Less Than Zero
This book sets out to explain the complexity of why increased production does not that always bring with it lower prices. According to the book, those who look upon monetary expansion as a way to eradicate almost all unemployment fail to appreciate that persistent unemployment is a non-monetary or 'natural' economic condition, which no mount of monetary medicine can cure. Selgin explores the differences between these monetary and natural conditions, and proposes solutions of his own.
The Benefits of Tax Competition
Beginning with a primer on international taxation, this IEA monograph shows why the arguments used by governments to prevent tax competition are fallacious. It also outlines the threats to tax competition from the EU and OECD, and proposes ways in which the UK government should respond to those threats.
The Fallacy of the Mixed Economy
Distributor from label on title page Bibliography: p. 82-83.
The Shadow Economy
This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work.
Flaws and Ceilings
Price controls across many sectors are currently being hotly debated. New controls in the housing market, more onerous minimum wages, minimum prices for alcohol, and freezes on energy prices are very high up the agenda of most politicians at the moment. Even without any further controls, wages, university fees, railway fares and many financial products already have their prices at least partly determined by politicians rather than by supply and demand in the market. Indeed, barely a sector of the UK economy is unaffected in one way or another by government controls on prices. This book demonstrates why economists do not like price controls and shows why they are widely regarded as being amongst the most damaging political interventions in markets. The authors analyse, in a very readable fashion, the damage they cause. Crucially, the authors also explain why, despite universal criticism from economists, price controls are so popular amongst politicians.
Regulating Financial Markets
Financial services regulation tends to be costly and unsympathetic to consumers. This book examines why that is the case and proposes and regulatory regime that would be more efficient and more responsive to consumer interests.
Utility Regulation and Competition Policy
'The regulatory essays do not focus exclusively on the UK energy industry. There is an excellent review of progress in opening European electricity and gas markets, which hints at further reforms that have occurred since the book was published. There are also fine reviews of regulatory developments and competition policy in telecommunications, railroads, and water supply. In short, there is probably something of interest here for any serious energy professional or student of regulatory economics.' - Jeff Skeer, The Journal of Energy and Development In this book, the latest volume in the annual series published in assocation with the London Business School and the Institute of Economic Affairs, some of the main issues in UK and EU utility regulation and competition policy are discussed. Topics examined include the new electricity and gas trading markets, regulating the railways, introducing competition into water, telecoms and Ofcom, opening EU gas and electricity markets, the 1998 Competition Act, EU merger policy and a general review of privatisation and regulation in Britain. Essays by expert commentators are followed in each case by comments from the relevant regulator.
The Global Education Industry
The first edition of this pioneering book produced surprising conclusions from research around the world into the extent of private education. Drawing on examples from Argentina, Brazil, Colombia, India, Indonesia, Peru, Romania, Russia, South Africa, Zimbabwe and other countries, Professor Tooley gave a snapshot of private education that was unknown to many readers; contrary to expectations, the private education sector was large in the countries studied, was innovative, and was not the exclusive domain of the wealthy. On the contrary, he found that the private sector often provided social responsibility, subsidised places and student loan schemes. Tooley identifies the factors that impede ...
An Adult Approach to Further Education
In the UK, further education is a bastion of Soviet central planning that has wholly avoided the market-based reforms that have been adopted in other parts of the state sector. In terms of total spending, further education is important, but hitherto -- perhaps because of its complexity -- there has been little serious policy analysis of the sector. Professor Alison Wolf is one of the country's leading education academics. In this study, she explains the disastrous results of current policy and discusses, lucidly but rigorously, how reform of the sector should take place. The author proposes a new model for funding that is 'student centred', and which can lead to further and adult education o...
