John Burton
5 July 2013
1 comment

During a briefing on 5 November 2008 - conducted with big wall-chart graphs - about the ongoing financial ‘crunch’, the Queen dropped a (bombshell) question on the assembled throng of...
J. R. Sargent
20 June 2013
1 comment

There was a time when it was normal for the productivity of labour in the UK to be rising year by year, and for money wages increases to reflect this by forging ahead of price increases. The last...
Christopher Snowdon
19 June 2013
1 comment

Earlier this year, the Work Foundation published a study of inequality in Britain that threw up some uncomfortable findings for those who believe that income differentials are the root of all evil...
Steve Davies
13 June 2013

Liberalism as a political doctrine has had an enormous amount written about it over the years, mainly by philosophers. Surprisingly, historians, and particularly historians of thought, have had...
John Blundell
1 June 2013

‘Behind every great man there is a great woman’ has to be close to being the most hackneyed expression in the English language, but in the case of Milton Friedman one has to give really...
Steven Kates
25 April 2013

I was given a copy of John Kenneth Galbraith's 1975 treatise which goes by the name of Money: Whence it Came, Where it Went. And there on pages 218-19 we find this: ‘Until Keynes, Say...
John Meadowcroft
21 January 2013

An important component of the argument of F. A. Hayek's The Road to Serfdom is that those people likely to derive utility from directing and ordering others will come to occupy the positions at...
G. R. Steele
14 January 2013

A review of Keynes Hayek: The Clash That Defined Modern Economics by Nicholas Wapshott. As the Luftwaffe targeted culturally-rich cities in 1942, two economists took their turn in fire-watching...
Philip Booth
2 January 2013

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...
Alberto Mingardi
20 December 2012

  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
12 December 2012

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...
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...
Steven Horwitz
5 November 2012

In the aftermath of Hurricane Sandy, the New York and New Jersey areas of the US suffered shortages of gasoline and other necessities for several days. This is not unusual as almost every major...
G. R. Steele
30 October 2012

One estimate (from the Olympic Delivery Authority) for the overall ‘Public Sector Funding Package’ for the London 2012 Olympic Games, placed it in the region of £10...
Kristian Niemietz
24 October 2012

  Have you heard about it? Trickle-down economics has failed. Barack Obama says so. Paul Krugman says so. The Wall Street Journal says so. The Guardian says so. You’ll hear it in...
Stephen Michael MacLean
11 October 2012

  John Meadowcroft’s recent article in defence of free markets, ‘From Big Macs to Big Brother’, begins thus: ‘One of the most important contemporary debates in...
Kristian Niemietz
2 October 2012
1 comment

Inequality worries a lot of people. According to the British Social Attitudes Survey, nearly four out of five respondents think the gap between the top and the bottom is too large. 57% believe the...
Kristian Niemietz
27 September 2012

You have probably seen this video here, where Paul Krugman explains why the threat of an alien invasion could be a good thing. It would lead to the kind of stimulus package he wants: politicians...
Philip Booth
25 September 2012

  Last night’s BBC programme on F. A. Hayek was interesting and, like the Keynes programme, gave the subject a fair crack of the whip. It is not by way of criticism that I write this...
Philip Booth
19 September 2012

  Monday night's BBC documentary Keynes in the Masters of Money series will be followed by two others on Hayek and Marx. The first programme was brilliantly presented by Stephanie...

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