July 2017 - Emile Woolf writes

Economic Perspectives 18: “No way to run a railroad”

ECONOMIC PERSPECTIVES 18 NO WAY TO RUN A RAILROAD Overseas visits are always instructive – they provide a fresh insight into the workings of economic principles within a different framework. The consequences of human action will, of course, vary by reference to circumstances – but the natural laws determining those outcomes are, in themselves, always […]

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Exchange of views on Brexit: Garrick Homes and Emile

From Garrick Homes’ report on Gents Lunch in Languedoc July 2017: “Brexit. One factor behind Teresa May’s electoral disaster is a growing recognition among British voters of the folly of leaving the EU’s single market and customs union, and an increased propensity of younger ones (who always opposed it) to vote. It was suggested that […]

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Why revised Ethical Standard will not restore public trust

‘ACCOUNTANCY’ – AUGUST 2017 Why the FRC’s ethical standard fails to restore public trust Ethics is far more than an incidental feature of the auditing framework. It is actually its very essence. In virtually every instance of audit failure that finds its way into the public domain, whether it concerns undetected management fraud, money laundering, […]

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FRENCH REGULATORY FARCE

ECONOMIC PERSPECTIVES 17 French regulatory farce Just for fun, let’s indulge in a grand generalisation and say that in a dictatorship, say in North Korea or Venezuela, even China, everything is forbidden unless explicitly allowed; and, in a democracy, everything is permitted unless explicitly prohibited. Having just returned from a 3-week sojourn in France, I […]

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