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Len Shackleton
17 February 2016
3 comments

The ticket price row at Liverpool is only the latest squabble about the cost of attending football matches. The new £5bn-plus TV deal guaranteeing Premier League teams huge increases...
James Knight
12 February 2016
3 comments

Regular readers of economics will know that despite common myths to the contrary, the reality is there isn't much of an unfair pay gap between genders. As the economy has become more service-...
Ryan Murphy
10 February 2016
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One of capitalism’s supposed many flaws is the pointlessness and wastefulness of so much of the spending by the rich. Not only do many people believe that the resources devoted to building...
Michael Munger
5 February 2016
2 comments

There have been two enormous "revolutions" in human history. The first was the Neolithic, or the wide scale switch from a nomadic hunter-gatherer lifestyle to fixed agriculture. The second...
Philip Booth
4 February 2016
4 comments

Before the financial crash of 2008, it was common for Conservatives to say: “the 1980s was when we put the economy right; now we have to maximise ‘national wellbeing’, reduce carbon...
Matthew Sinclair
26 January 2016
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At Europe Economics, we recently completed a major report on the Sharing Economy. Looking at the growing research literature, it was difficult to escape the conclusion at times that there was an...
Ryan Bourne
19 January 2016
3 comments

The Times has a front-page lead today investigating differential pricing for similar functioning products branded towards men and women (sadly, another direct import from US debates). Some examples...
Ryan Bourne
18 January 2016
1 comment

The media is running with Oxfam’s annual ‘shocking’ statistic on wealth. This year “the richest 62 people have the same wealth as poorest 3.6 bn”. But all is not what it...
David Henderson
15 January 2016
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This article is a sequel to ‘The continuing power of intuitive or do-it-yourself economics (DIYE)’. It draws on Chapter 3 of David Henderson’s ‘Innocence and Design: The...
David Henderson
14 January 2016
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This article is based on Chapter 7 of David Henderson’s 2004 book ‘The Role of Business in the Modern World,’ published in Wellington (by the New Zealand Business Roundtable),...
Christopher Snowdon
7 January 2016
7 comments

‘If advertising doesn’t work, why do companies spend so much money on it?’ This is the zinger that is supposed to end all argument about whether marketing increases the consumption...
Steve Davies
14 December 2015
2 comments

Many think that the work of academic economists has little or no relevance to real world problems. Yet the insights of economics can show us how to resolve problems that otherwise seem intractable. A...
Kristian Niemietz
11 December 2015
1 comment

When we talk about ‘Christmas traditions’, we are really talking about a hotchpotch of traditions from different cultures and different eras. The ancient Romans and Greeks already...
Philip Booth
8 December 2015
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The Good Right’s Good Press Tim Montgomerie’s “The Good Right” certainly gets a good press. Like, for example, the fair trade movement, nobody can argue that they made a hash...
Mike Norton-Griffiths
19 November 2015
2 comments

The international furor following the recent killing of Cecil the lion[1] in Zimbabwe has inflamed the debate on the contribution to wildlife conservation of consumptive utilisation in general and of...
Len Shackleton
18 November 2015
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Nobel-Prize-winning economist Ronald Coase died in 2013 at the grand age of 102. The two contributions for which he is best-remembered – his 1937 analysis of the significance of transactions...
Kristian Niemietz
13 November 2015
4 comments

This article was first published by The Independent.   I have long been toying with a business idea, but never had the time, patience, know-how and, above all, the resolve to do anything with it...
Ryan Bourne
11 November 2015
1 comment

On 11 November, the UBS European Conference 2015 hosted a panel discussion entitled ‘Income Inequality: Consequences and Solutions’. The IEA’s Ryan Bourne was one of the panellists...
Kristian Niemietz
6 November 2015
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The law of diminishing marginal utility is one of the most basic concepts in economics. What it means is that the more you have of something, the less you enjoy getting more of it. Among other things...
Steven Horwitz
2 November 2015
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“The motives of fear and greed are what the market brings to prominence,” argues G.A. Cohen in Why Not Socialism? “One’s opposite-number marketeers are predominantly seen as...