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
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The CPS, headquartered in London, is a center-right think tank which develops and publishes public policy proposals and arranges seminars and lectures on topical policy issues. Part of its mission is to influence policy around the world. It also maintains a range of informal contacts with politicians, policymakers, civil servants and the press, in Britain and abroad. The CPS was founded by Mrs. Thatcher and Sir Keith Joseph (as they then were) to build, and to take to the country, policies of conviction based on limited government, the understanding of market forces and sound money.