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The Blog

Putting purpose before profit. The end of the Friedman doctrine?

18 April 2019

Ever since Adam Smith warned that the managers of the joint-stock company could not be expected to ‘watch over it with the same anxious vigilance’ as an owner, the accountability of directors to shareholders has taxed the minds of economists and investors. The corporation has evolved somewhat since the 18th century but concerns about the… [Read More]


Should the Bank of England be responsible for controlling house prices?

11 April 2019

Labour is said to be considering whether the Bank of England should be mandated to limit house price growth. According to The Guardian, this would be done not via interest rates but via mortgage regulation as overseen by the financial policy committee (FPC). The FPC already curbs some mortgage lending, principally by capping loan-to-income ratios… [Read More]


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