Volterra Partner Paul Ormerod recently spoke at an Institute for Economic Affairs conference in Slovenia on New Frontiers in Privatisation. The delegates from countries in the former Soviet bloc were particularly enthusiastic! His talk was on ‘Evolutionary Approaches to Privatisation’ and can be found here. The political economy of further privatisation raises issues which are of fundamental importance for economics, such as whether we believe the evidence from surveys or rely on what economists call ‘revealed preference’.
