Exchange controls in Great Britain were abolished in 1979. Since then, there has been a significant outflow of capital. This article examines the case for the reintroduction of controls with particular reference to the effect this might have on investment. (Author/JDH)

Shows how the concepts of consumer's surplus and producer's surplus can be related to basic welfare economics. Provides illustrations of the ways in which these concepts can be applied in introductory economics courses. Examines the social cost of monopoly, the tax burden, free trade, tariffs, and the English Channel Tunnel. (KO)