The break-up of the Telecom Italia network, while positive from a market competition perspective, could yet reveal itself as a tool for the former monopolist to determine the manner and time-frame in which it should take place.
Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size.
For the past 20 years, Sweden has had considerably freer alcohol rules, not least thanks to EU membership in 1995. But injuries, violence and death have not grown as expected.
This important study, whilst not doubting the position that Fair Trade is part and parcel of a market economy, does question the claims made by the Fair Trade movement.
How can future economic crises be avoided? A special issue of IEA journal Economic Affairs on monetary policy and the lessons to be learned from the 2008 crisis.