What is the relationship between the financial system and politics? In a democratic system, what kind of control should elected governments have over the financial markets? What policies should be implemented to regulate them? What is the role played by different elites - financial,...

The Director General of Telecommunications for the UK's OFTEL writes to defend the findings of his 1986 review of British Telecom's tariff and profit levels. He responds to the arguments made by the authors of an article in this issue of Telecommunications Policy, while agreeing on some of the...

Regulation is a universal feature of modern economic life. However, regulating the economies of advanced capitalist nations is a uniquely complex activity, crossing the boundaries between law, politics, and economics, and involving problems which affect both the regulator and the regulated. For...

For the first two thirds of the twentieth century, British government was among the most stable in the advanced industrial world. In the last three decades, the governing arrangements have been in turmoil and the country has been a pioneer in economic reform, and in public sector change. In this...

Public policy is the business end of political science. It is where theory meets practice in the pursuit of the public good. Political scientists approach public policy in myriad ways. Some approach the policy process descriptively, asking how the need for public intervention comes to be...