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Moving from a single to a multi family office means you can attract the best in the business, and more regulation is a small price to pay, says columnist Hugo Greenhalgh.

Moving from a single to a multi family office means you can attract the best in the business, and more regulation is a small price to pay, says columnist Hugo Greenhalgh.

Josef Schumpeter’s idea that entrepreneurs drive the economy fails to understand the power of established family firms.

Josef Schumpeter’s idea that entrepreneurs drive the economy fails to understand the power of established family firms.

A generation of globalised, jet-set MBAs are just starting to take over family businesses. But if they ignore the importance of place, they’ll lose something very valuable indeed.

A generation of globalised, jet-set MBAs are just starting to take over family businesses. But if they ignore the importance of place, they’ll lose something very valuable indeed.

Adam Smith, the 18th century Scottish economist, was a renowned critic of multinational companies whose directors not only enjoyed limited liability, but also profited by taking advantage of state monopolies, or quasi-monopolies.

Adam Smith, the 18th century Scottish economist, was a renowned critic of multinational companies whose directors not only enjoyed limited liability, but also profited by taking advantage of state monopolies, or quasi-monopolies.

The Rausing story is a chilling one for family businesses. On one hand, it’s an inspiring tale – no invention has more of that simple-but-genius X-factor than the Tetra Pak. On the other hand, it’s also the classic cautionary tale that money can be a curse.

The Rausing story is a chilling one for family businesses. On one hand, it’s an inspiring tale – no invention has more of that simple-but-genius X-factor than the Tetra Pak. On the other hand, it’s also the classic cautionary tale that money can be a curse.

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