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Philip Booth and Richard Wellings
1 March 2010
2 comments

On Friday the Office for National Statistics (ONS) released revised GDP figures for the last quarter of 2009. The BBC and other media outlets reported this as good news as Q4 growth was...
Philip Booth
22 February 2010
2 comments

Further worrying evidence of the decline in adult and further education was revealed in the debate about selling off the banks yesterday. The Conservatives have proposed selling bank shares cheaply...
Philip Booth and Richard Wellings
19 February 2010
2 comments

Today’s letters by 60 economists to the Financial Times in support of the government’s policy of delaying cuts in public spending echo the arguments used by mainstream economists during...
Philip Booth
18 February 2010
10 comments

Ignoring the precise merits of the legal case surrounding Mr. Gaines-Cooper – the businessman who may be asked to pay £30m in back tax, which was covered in all the main newspapers...
Philip Booth
17 February 2010
1 comment

I have just received this news release from the Office for National Statistics: “It’s now just one year to go until the 2011 Census on Sunday 27 March 2011, so the Office for National...
Philip Booth
16 February 2010
13 comments

I have written before that co-ops and similar ventures are part of the rich tapestry of a market economy. After all, before the days of statutory regulation, the Stock Exchange was a mutual –...
Philip Booth
11 February 2010
4 comments

The case for requiring undergraduate students to contribute to the cost of their tuition is now widely accepted. Lifetime earnings premiums of between £100,000 and £200,000 from...
Philip Booth
4 February 2010
3 comments

I suppose I am not the right person to be giving an unbiased take on the Pope’s recent remarks to the English and Welsh Bishops on their ad limina visit to Rome on this secular economics blog...
Philip Booth
15 January 2010
5 comments

It is good news, at least to some extent, that George Osborne has announced that some cuts will be made in government spending as soon as the Conservatives enter office. But, he should be careful....
Philip Booth
8 January 2010
9 comments

Just after Christmas a number of members of the IEA’s SMPC wrote to the Sunday Times about the dire need for a fiscal plan to deal with government borrowing. In this context, it is worth...
Philip Booth
28 December 2009
4 comments

Yesterday I appeared on the Radio 4 Sunday Programme. The programme is available online on the BBC iplayer at http://www.bbc.co.uk/programmes/b006qnbd until 2 January. It...
Philip Booth
24 December 2009
4 comments

One of the more irritating suggestions that people make in the debate about “corporate social responsibility” (CSR) is that “businesses should put something back into society...
IEA
9 December 2009
4 comments

Alistair Darling has failed to take the tough decisions to tackle the country’s enormous budget deficit. According to Mark Littlewood, the IEA’s Director General, “A tax on bankers...
Philip Booth
19 November 2009
6 comments

I welcome Vince Cable’s repudiation of the Tobin tax but, instead, he has proposed a tax on bank profits to help provide a sort of insurance premium to pay for the losses banks impose on...
Philip Booth
12 November 2009
16 comments

The government has just announced that nursing will become an all-graduate profession from 2013. I don’t want to go down the route of discussing whether degrees are appropriate for nurses, an...
Philip Booth
26 October 2009
comments

It is difficult to know where to start in writing a blog post about George Osborne’s proposals to ban high-street bank bonuses in cash of more than £2,000. Let me, instead, raise a...
Philip Booth
22 October 2009
comments

Reform have today launched a report calling for the end of middle class benefits to stave off increases in tax. Before querying that proposal, let me say first that I am glad that they have waded...
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...
Philip Booth
14 October 2009
comments

According to Keynes, sticky prices in markets lead to a phenomenon whereby we can get disequilibrium in the labour market unless the government intervenes to prevent deflation. As ever, all the...
Philip Booth
6 October 2009
comments

The Conservatives are proposing to clamp down on incapacity benefit claimants in order to deal with the large numbers they say should be in work. This is a laudable aim, of course, but it is highly...