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Mark Pennington
18 May 2011
1 comment

In this final round of the H versus H contest I want to question the claim that communication in markets is ‘distorted’ by ‘money power’. According to this Habermasian...
Mark Pennington
4 May 2011
3 comments

Among the themes to emerge from ‘happiness economics’ one seized on by those disapproving of open markets and the decision-making autonomy they may bring is that having ‘choice...
Mark Pennington
20 April 2011
comments

In a recent post I pointed out that Habermas’s theory of communicative ethics and deliberative democracy fails to recognise a fundamental point highlighted by Hayek – that much of the...
Mark Pennington
7 April 2011
7 comments

Jurgen Habermas is one of the most influential political philosophers of the last fifty years. Though he has now, thankfully, abandoned the neo-Marxism of his early career, his theory of ‘...
Mark Pennington
29 March 2011
6 comments

Classical liberals claim that theories of justice must be judged by their practical capacity to facilitate positive sum games in society and to eliminate scope for the exercise of inconsistent and...
Mark Pennington
16 March 2011
comments

Events in the Middle East and concern over the likely impact of democratic change in the region on the prospects for peace with Israel, and beyond, raise important questions about the...
Mark Pennington
11 March 2011
comments

European commentators on US healthcare are often misguided in their description of the American system as a ‘free market’ model – when that system involves significant levels of...
Mark Pennington
7 March 2011
2 comments

Ronald Coase is one of my favourite living economists (he is now 100 years old). His work on the significance of transactions costs and dealing with problems that these costs raise is fundamental...
Mark Pennington
3 March 2011
comments

I tune in to Fox News occasionally to get some relief from the constant left of centre bias offered by the BBC – the latter is currently offering an incessant stream of reports on how public...
Mark Pennington
28 February 2011
2 comments

Joseph Stiglitz is, quite rightly in my view, one of the most respected economists of his generation. Whatever one thinks about the interventionist policy conclusions that he derives from the...
Mark Pennington
1 February 2011
1 comment

The recent Cancun climate change conference attracted much less media attention than last year’s event in Copenhagen. Green activists and some politicians, however, continue to press for...
Mark Pennington
29 January 2011
3 comments

Two of my posts earlier this month (here and here) focused on the institutional implications of limited rationality. My claim was that robust institutions are those that minimise the consequence of...
Mark Pennington
19 January 2011
1 comment

Last month a gathering of British students, organised by the far left (did anybody count the number of Socialist Worker posters on display), trashed much of Westminster, London. In a rare admission...
Mark Pennington
14 January 2011
9 comments

Last month I attended a speech by Richard Thaler, of ‘Nudge’ fame. Professor Thaler is an engaging speaker. His assertion that ‘libertarian paternalism’ is merely an...
Mark Pennington
10 January 2011
7 comments

At the core of my new book, Robust Political Economy: Classical Liberalism and the Future of Public Policy, is a very basic but oft neglected idea – ‘failure’ is endemic to all...

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