An insight into the Philosopher Economist who defined the Moral Foundation for the Free Market Economy.
For today's critics selfishness has been replaced by reference to greed and if that is not sufficiently colourful - "crass greed". "Greed is good" is even said to be the creed of the proponents of free markets and in today's universal media distribution this has gained widespread currency. Such negative perceptions of the market economy have the potential to undermine its moral foundation and therefore its general acceptance. However Smith shows a free market economy does not depend on greed; indeed, Smith's central notion of self-interest is quite different to greed.
The UK's e-government strategy is fragmented and producer driven , says Andrew Lomas, and will never deliver its full benefits to the public. By contract, tiny Estonia has re-thought its government systems around the new technology – resulting in much higher online access to government and great public satisfaction.
Rail's woes are due to bureaucracy, not privatization. It's time for the government to release the railway from its over burdening grip. A grip entrenched in regulation that has far too many officials, or any proper functionality. Iain Murray, the author, says that for the railways to work, "the train operation companies must be given more control, and have a major say in how station and track improvements are managed. This will lead to more customer-driven investment decisions," he insists, "providing in turn much more of what train users actually want."
In a question and answer format, Samuel Nguyen provides a case for a flat tax rate. He argues that it will not be as good for the rich as people think, but he feels the tax rate will be so much lower that the rich will actually pay it. Thus, he points out, the Government should have more to spend. He also looks in to whether this is the kind of policy Europe would want to advocate and answers confidently that this is the way forward.
Keith Boyfield picks up on the subject of regulation and how much the EU law is to blame for the significant legislation on British business. However, he explains why there is reason for optimism and how things could change for the better in terms of pulling back on excessive regulation.
Dr Eamonn Butler investigates whether recycling certain materials is actually worth the effort. If one looks in closer detail of how these materials are actually created, they may be just as, if not more harmful, to the environment than the materials we have substituted.
Dr Eamonn Butler explains the concept of Tax Freedom Day and explains why it is getting later and later. He looks at where this money goes and why some of it is in useless hands.
This report, A Flat Tax for the UK – A Practical Reality, calls for income tax to be simplified into a flat rate tax of 22%. Under the proposal, there would be a tax-free personal allowance of £12,000.
As the report says, the concept of a flat tax, a simple tax system that charges a single rate of tax on all income, is growing in popularity. It contrasts clearly with the current systems operated in most countries, with different tax rates depending on the level and type of income or on the personal circumstances of the individual taxpayer.
What would Britain be like if Dr Eamonn Butler was Chancellor? In this piece, we are given a taste of what would be in store if this did happen. Rather than a full time job, he has limited himself to one day as Chancellor and explains how he would go about changing Britain for the better.
There has been a wide range of support for a cut in regulation in the EU. It has a major impact on British citizens and Business. The question is how would we go about this deregulation? Keith Boyfield gives a step-by-step solution to this problem and argues that it will be a great thing for all involved with the EU.