Economics

  • The Hobbit

    Those who believe in a small state and self-regulated markets could claim JRR Tolkien and Elinor Ostrom as two of their own

  • Austerity will force next government to consider 'close to inconceivable cuts' of up to 40%, says Institute for Fiscal Studies
  • The fact that the number of AAA rated countries is dwindling means that the economic impact of a downgrade would not be that great – Britain included

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