Showing posts with label social contract. Show all posts
Showing posts with label social contract. Show all posts
January 02, 2018

When bank regulators allowed banks to earn higher returns on equity by avoiding the “risky”, they violated a fundamental social contract

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Sir, you write “Unemployment rates are low in the UK and US, but many of the new jobs are more precarious than the old ones they replaced… ...
December 23, 2017

Imposing on banks risk aversion more suitable to older than younger, regulators violated Edmund Burke’s holy intergenerational social contract

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Vanessa Houlder when writing about Richard Thaler’s ‘nudge’ theory and how our hatred of losses affects risk taking mentions: “Investing in...
November 21, 2017

If you allow banks to earn higher risk adjusted returns on equity on mortgage lending than when lending to entrepreneurs, bad things will sure ensue

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Sir, Jonathan Eley writes: “in the UK…younger people especially are being priced out of the market while their parents and grandparents ben...
June 24, 2017

If Venezuela’s social compact shared out all oil revenues directly to citizens, it would better resist lower oil prices

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Sir, with respect to the possibilities of lower oil prices you write: “The real dangers… lie in emerging markets that rely heavily on oil e...
April 19, 2011

Stealing and rent seeking has nothing to do with “social contracts”

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Sir, your reporters, on the issue of fuel subsidies, April 19, wrote: “For oil producers such as Venezuela… fuel subsidies are part of the s...