Unit One - Micro
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Rescooped by Pop Panjapiyakul from Microeconomics: Pre-U Economics
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Energy regulator rejects being to blame for high profits and prices - Telegraph

Energy regulator rejects being to blame for high profits and prices - Telegraph | Unit One - Micro | Scoop.it
Ofgem denies claims by five former regulators that its actions contributed to profit and price increases made by the Big Six energy providers

Via Graham Watson
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Graham Watson's curator insight, August 11, 2014 6:00 AM

The over-regulation story moves on apace: this is the response of the competition authorities to the original criticisms of the former regulators. It will form part of a handout on regulation, highlighting its difficulties and contains lots of good material, not least the closing sentence:

 

Mr Littlechild said they felt compelled to write to the CMA because they had been involved in creating the retail energy market and “when we left it, it was in very good shape in our view”.

 

It smacks of a little bit of immodesty to me, but perhaps he has a point.

 

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Mobile phone companies have failed – it's time to nationalise them

Mobile phone companies have failed – it's time to nationalise them | Unit One - Micro | Scoop.it

Owen Jones: It may sound like off-the-wall leftiness, but there are clear and convincing arguments for a nationalised mobile phone network


Via Graham Watson
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Graham Watson's curator insight, August 11, 2014 6:09 AM

Here's a nice controversial one - another one - for Monday morning.

 

As the author himself notes: "It may sound like off-the-wall loftiness". Not that this is likely to offend many Guardian readers, mind you. However, there are some truths in his argument; however, I don't think that it's necessarily appropriate that he cites Mariana Mazzucato's "The Entrepreneurial State". I think that the point that Mazzucato made was about Apple and its free-riding rather than the providers of mobile phone services, although some of the same arguments undoubtedly apply.

 

But this is another lovely article for students of Economics to get their teeth into: polemic, and with lots of analytical material as well as ample opportunity to evaluate the author's point of view.