Sitting right in front of the iconic Oxford University Press (OUP), is Oxford’s Blavatnik School of Government, where my classmates (from 55 countries) and I spent the last 12 months grappling with difficult questions of public policy. Our cohort did not shy away from a heated discussion. You could see […]
Post Tagged with: "regulation"
“Anyone can be a winner!” proclaim the billboards advertising the Israeli National Lottery, but in this game of chance, distributive justice is the clear loser. What at first seems like a voluntary, fun and harmless way to raise money for the public good is in fact a colossal tax-levying mechanism, under-regulated and regressive, not only in Israel but around the world.
At the peak of the Netherlands’ “tulip mania” in 1637, one tulip bulb sold for 5,500 guilders per bulb—roughly the cost of luxurious house in Amsterdam, or $25,000 today. More than three and a half centuries later, economists continue to debate why tulip prices skyrocketed to stratospheric levels in the 1630s, much in the same way that the 2008 Global Financial Crisis remains a source of contention. Why have financial systems been so vulnerable to crises, and what role has regulation played?
Many of the causes of contemporary gridlock stem in part from the previous successes of the multilateral order. The world has not been able to negotiate a new global trade deal for 19 years. After 21 years of climate talks, we have yet to find a way to meaningfully reduce […]
Promotion of an ethical culture in banking, ethical-performance transparency for shareholder oversight, and changed hiring policies should be among the actions taken to prevent more failures. In my last blog, I highlighted some of the continuing issues with banking culture, today I suggest policies which would address the problems. Banking […]