IEA welcomes end of state-funded lobbying

Our series of Sock Puppet papers – Sock Puppets, Euro Puppets, and The Sock Doctrine, all by IEA Head of Lifestyle Economic Christopher Snowdon – have argued strenuously for the ending of government funding of charities who then use the money to lobby the government. We are delighted that the government has announced today that charities will no longer be able to use public funds to lobby ministers. We have responded here, whilst our influence on the decision features in the Daily Telegraph and BBC News.

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media coverage - 6 Feb 2016

Daily Telegraph reveals government to adopt IEA recommendations on sock puppets

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By Michael Munger, 5th Feb 2016 (1 comment)

Why do we own, rather than rent, so much stuff? The answer is transactions costs. When I need an electric saw, I don't rent one. I go to my garage and find my electric circular saw. I only use that saw two or three times a year. But I still own one. On the other hand, when I fly to Oklahoma to work on a video programme or give lectures, I don't buy a car; I hire one. Why do I own a saw, but hire cars? The reason is that it has paid some entrepreneur to sell reductions in transactions costs, in the form of software. 

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