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Abolition of Resale Price Maintenance

The London-based Institute for Economic Affairs (AEI) from its beginning undertook an extensive publishing program to push forward its free-market ideology. Among its publications was one particular paper, which had a direct and immediate political impact. Published in 1960 "Resale Price Maintenance and Shoppers' Choice" by Basil Yamey argued for the abolition of Resale Price Maintenance, which by fixing prices in shops prevented large stores from necessarily under-cutting smaller shops. Yamey argued that a free market in shop prices would save the shoppers £180,000,000 a year, and prices would fall by five percent.

The publication of Yamey's paper was timed to coincide with a period of public debate on the subject to ensure maximum impact, and Yamey's suggestions were taken up by the incumbent Conservative Government. Although the Abolition of Resale Price Maintenance by

Edward Heath in 1964, can not only be attributed to Yamey's paper, it for sure had a substantial impact.

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Examples of Mainly Corporate Funded Think Tanks: Manhattan Institute

The Manhattan Institute, founded by

William Casey, who later became President Reagan's

CIA director, besides subsidies from a number of large conservative foundations has gained funding from such corporate sources as: The

Chase Manhattan Bank,

Citicorp,

Time Warner,

Procter & Gamble and

State Farm Insurance, as well as the Lilly Endowment and philantropic arms of

American Express,

Bristol-Myers Squibb,

CIGNA and

Merrill Lynch. Boosted by major firms, the Manhattan Institute budget reached US$ 5 million a year by the early 1990s.

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PGP

A

cryptographic software application that was developed by Phil Zimmerman at the

Massachusetts Institute of Technology. Pretty Good Privacy (PGP) is a cryptographic product family that enables people to securely exchange messages, and to secure files, disk volumes and network connections with both privacy and strong authentication.

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