Some years ago, we posed what we call the Nether Wallop Question. It’s a little like the West Lothian Question – a British political paradox that saw English MPs banned from voting on matters affecting that Scottish region whilst allowing Scottish MPs to still vote on issues affecting similar places in England – and is similarly unanswerable. But it is nonetheless still a question that we humbly suggest goes right to the heart of the problem of modern economics.

The Nether Wallop Question refers to the small Hampshire village of Nether Wallop, hardly a disadvantaged area, with more than its fair ...

 

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