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Philip Booth
2 January 2013
6 comments

There has been a huge growth in game theory in undergraduate economic courses in recent years. Indeed, some universities seem to think it should form the main pillar of study. This was brought home...
Kristian Niemietz
22 December 2012
6 comments

When I began working on poverty issues, I had the naïve idea that a child poverty activist was somebody who raised money to help poor children. That was not entirely wrong; there are a few...
Alberto Mingardi
20 December 2012
4 comments

  A review of Why Capitalism? by Allan H. Meltzer ‘No economic system focused on property confiscation and redistribution has ever sustained both growth and personal freedom’ (...
Nick Silver
19 December 2012
1 comment

At the height of the financial crisis the US government dramatically bailed out the insurer AIG. Last week it sold its last remaining shares in AIG for a tidy profit. Surely this marks the end of a...
James Stanfield
17 December 2012
comments

The current approach adopted by the international development community to guarantee education for all (EFA) across the developing world can best be described as monocentric and one that favours a...
Stephen Michael MacLean
14 December 2012
comments

  The phrase ‘fiscal cliff’ now permeates the American media. In essence, the cliff is a series of legislated fiscal triggers that will be activated on 1 January, which include...
Roland Vaubel
13 December 2012
comments

Wolfgang Schäuble, the German finance minister, recently said that “we can only achieve political union if we have a crisis”. His idea is to exploit the Eurozone’s sovereign...
Nick Silver
12 December 2012
comments

In the debate about how to deal with ongoing financial problems, many economists argue that the private sector, faced with an uncertain future and high debt levels, is saving. Therefore the public...
Philip Booth
11 December 2012
1 comment

The non-stop tide of new regulation from the government continues. It now appears to be preparing to accept an amendment to the Financial Services Bill, which will allow the Financial Conduct...
Mark Pennington
10 December 2012
comments

Throughout her career the late Elinor Ostrom was keen to avoid crude ideological labelling, and the title of her 2012 Hayek Lecture ‘beyond market failure and government...
Kristian Niemietz
7 December 2012
3 comments

  Right from the start, the guiding question behind the coalition’s fiscal strategy has been ‘Which consolidation measures are least likely to get us into trouble?’ rather...
John Blundell
6 December 2012
1 comment

 A review of Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics by Daniel Stedman Jones (2012, Princeton University Press). I approached this long awaited volume...
Richard Wellings
5 December 2012
2 comments

At the time of the last Autumn statement, the Office for Budget Responsibility (OBR) was predicting growth of 0.7 per cent in 2012, followed by 2.1 per cent in 2013, 2.7 per cent in 2014 and a...
Philip Booth
3 December 2012
2 comments

Those attacking companies not paying corporation tax have opened up a new line of argument. Specifically, members of the House of Commons’ Public Accounts Committee have argued that because...
Kristian Niemietz
30 November 2012
3 comments

  With the benefit of hindsight, articles on inflation from pre-monetarist days can make a very amusing read. Back then, economic journalists were essentially arguing that inflation is...
Philip Booth
28 November 2012
1 comment

Another bailout deal has been secured for Greece. Some of the country’s borrowing will be written off – it will be left with a debt to GDP ratio of 'only' 125 per cent. But is...
Kristian Niemietz
26 November 2012
3 comments

I suspect this hypothetical dialogue will look vaguely familiar to many readers: Europhile:        ‘The global economy of the future will be dominated by...
Richard Wellings
23 November 2012
2 comments

Today’s agreement on energy policy, ahead of the forthcoming introduction of the Energy Bill, shows the government remains committed to meeting ambitious targets on greenhouse gas...
Stephen Littlechild
20 November 2012
3 comments

‘The philosopher's stone is a legendary alchemical substance said to be capable of turning base metals into gold.… Efforts to discover the philosopher's stone were known as the...
Philip Booth
19 November 2012
3 comments

The US election was finely balanced, despite the attempts by the BBC to suggest otherwise. The vote was split roughly half and half, and Catholics were roughly split in line with the country as a...

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