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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...
John Meadowcroft
15 January 2009
12 comments

Economists often identify a dichotomy between people’s stated preferences and the preferences that are revealed when people are actually required to choose between scarce uses of their...
Kristian Niemietz
9 January 2009
6 comments

Philip Booth’s blog article about Pope Pius IX reminded me of another historical figure who predicted, with an astonishing degree of accuracy, what life would be like in a socialist state....
Patrick Minford
7 January 2009
comments

I first met Alan at LSE when I was an MSc student. I was delighted by his clear, amusing and succinct exposition of microeconomics – it was vintage Alan as I later discovered, straight to the...
Philip Booth
22 December 2008
6 comments

Maybe sterling has overshot a bit. Currencies do that sort of thing and we should not worry unduly. Maybe sterling has fallen because people have no confidence in the long-term ability of the UK...
Kristian Niemietz
11 December 2008
16 comments

The online edition of the Handelsblatt, a major German business newspaper, recently featured an op-ed blaming government-created ’fiat money’ for the current financial crisis. It...
Philip Booth
8 December 2008
4 comments

Deflation means that the pound in your pocket is worth more each year. In an earlier age, deflation was regarded as benign at worst. For a couple of hundred years before 1946, moderate deflation...
John Meadowcroft
23 October 2008
2 comments

Sir – Marx’s theory of the crises of capitalism is little more than a melodramatic description of the business cycle — standard fare in economic analysis. Every original...

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