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Laissez‐Faire for LIFFE
Author(s) -
HARDIE ALEXANDRA
Publication year - 1983
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1983.tb01518.x
Subject(s) - speculation , futures contract , legislation , commodity , government (linguistics) , economics , market economy , business , monetary economics , commerce , finance , law , political science , linguistics , philosophy
The development of futures markets offers the prospect of increasing stabilisation in commodity prices. But government taxation policy has failed to take account of changes required to encourage individual as well as coroorate participation in these markets. The new Chancellor should introduce legislation to allow speculators to write off losses against profits.