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Steven Kates
24 November 2009
2 comments

What is one to make of this report? BEIJING, Nov 18 (Reuters) – President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if...
Steven Kates
18 November 2009
10 comments

There are at least three ways used to determine the success of an economy. We deal with something abstract called economic growth, we look at the most common measure we have for production which is...
Anthony J. Evans
31 October 2009
2 comments

I was shocked but delighted to learn that Elinor Ostrom has won the 2009 Nobel Prize in economics. Elinor Ostrom defies neat categorisation. She has a faculty position and an education in...
Steven Kates
29 October 2009
2 comments

One frequently hears statements that the stimulus package led to a lower level of unemployment or that it contributed to a higher level of GDP growth than would have occurred had no stimulus package...
Philip Booth
19 October 2009
2 comments

Elinor Ostrom and Oliver E. Williamson, the winners of the 2009 Nobel Prize in Economics, have much to contribute to contemporary economic debate. But their ideas should have particular resonance in...
Dominique Lazanski
9 October 2009
12 comments

A few days ago I attended a “Future Trends” conference. As a digital consultant I need to keep on top of what other people think and feel are the trends influencing brands and people online. I was...
G. R. Steele
30 September 2009
22 comments

A comment from a Woman’s Own interview in 1987 is often repeated, but rarely in context:  ”There is no such thing as society”. Its relevance was made explicit with the...
Steven Kates
21 September 2009
6 comments

What one does is typically built around what one believes. This is as true of economic policy as of anything else. If it is believed that Keynesian economics is valid, and that it provides sound...
Charles K. Rowley
7 September 2009
12 comments

In our monograph, Economic Contractions in the United States: A Failure of Government, Nathanael Smith and I evaluate and categorically reject the hypothesis that a failure of laissez-faire...
Steven Kates
4 September 2009
6 comments

The word is getting out that Keynesian economics is worthless as a guide to policy. Criticisms of public spending are found more and more frequently and the immense deficits we now face are...
John Blundell
1 September 2009
2 comments

All of us who knew Milton Friedman can attest to the importance of Rose in so many ways it is hard to list. From an IEA perspective I recall the Friedmans living in 1750 Taylor Street, San Francisco...
D. R. Myddelton
14 August 2009
4 comments

The latest news from Europe on the progress of the recession is both good and bad. The good news is that in France and Germany the recession is over. The French and German economies both grew by 0.3...
Steven Kates
30 July 2009
15 comments

What we call “Keynesian” economics is not some minor sub-division of economic theory but is the very essence of macroeconomics itself. Keynes in 1936 had one central idea in writing his...
Philip Booth
24 July 2009
4 comments

It was recently reported that over 50 pubs a week were closing as a result of an increase in beer tax. There seems to be some surprise that private sector economic activity is reducing (ignoring the...
Philip Booth
23 July 2009
2 comments

If you want to get on the front page of the BBC website and all over the news one morning then run an economic forecasting model with all the spurious accuracy and doubtful assumptions about...
Anthony J. Evans
6 May 2009
10 comments

Recently in The Times Anatole Kaletsky attacked the “many financiers [that] have been calling… for a ‘market solution’ based on the so-called Austrian school of economic...
David Moller
18 March 2009
14 comments

Though some of the language of Self-Help by Samuel Smiles can seem dated – a little archaic even – there is no doubt that its main lessons are as valuable and relevant today as they were...
Nick Silver
26 January 2009
6 comments

In his excellent book, The Origin of Wealth, Eric Beinhocker argues that it is markets, not individual companies, which are most effective at allocating resources. This apparently subtle distinction...
Philip Booth
22 January 2009
16 comments

Some people have suggested that the current crisis suggests that ‘free’ markets are dead. Given the high degree of regulatory scrutiny in the financial sector that is not a point of view...
Nick Silver
21 January 2009
12 comments

The Financial Times’ chief economics commentator, Martin Wolf, has put forward a convincing explanation for the ultimate cause of the current financial crisis. To briefly summarise, some...