Growth Is Good – The Power of Compound Interest

Buried at the end of David Landes’ ‘The Wealth and Poverty of Nations‘ is a simple and powerful fact that every Finance Minister should remember. “What would such (growth) differences mean for the long run?  A growth rate of 2.8 per cent yields a sixteen fold increase over the course of a century, as against … Read more

A Green Revolution – enforce the rules?

For the last 3 years I have become increasingly concerned about the gap between  the zeal in europe for passing new environmental laws to combat environmental problems and the seeming lack of much or any enforcement on the ground. It came to my attention on the WEEE directive, a much needed directive I worked on … Read more

A simple way to growth

I spent the summer on the Baltic coast reading David Landes,  Wealth and Poverty of Nations.  The book should be read. I was struck by an excellent section on why Britain, rather than other countries, reaped economic growth, lifting millions out of dire, gut wrenching poverty. His summary, below, provides a simple, yet not simplistic, … Read more

Who Owns The Fish

A few weeks ago there was a lot of press coverage of a report from the UK Parliament on the ownership of UK fishing quota. I enjoyed listening to a debate on BBC Radio 4’s Today Programme. I liked the discussion so much – well i like fisheries policy and it is not often that … Read more