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Richard Wellings
2 April 2009
4 comments

Gordon Brown may be advocating a further fiscal stimulus as a means to promote economic recovery at today’s G20 meeting, but, certainly in Britain’s case, implementing such a policy...
David Moller
31 March 2009
6 comments

There is a strange thing about this particular financial crisis. Though some have murmured about “a crisis of capitalism”, few have yet suggested a return to full-blooded, full-frontal...
Kristian Niemietz
27 March 2009
6 comments

Switzerland and other so-called “tax havens” have finally succumbed to international pressure and threats to be “blacklisted” by the OECD. Banking secrecy laws will now be...
Philip Booth
24 March 2009
10 comments

I am not altogether clear at the moment what the Conservatives’ policy is at the broader fiscal level. In current circumstances they probably need a few months to sort things out but...
Kristian Niemietz
19 March 2009
8 comments

Eighty years ago the Austrian economist Ludwig von Mises showed how a supposedly “targeted” state intervention in a free economy can produce a whole spiral of follow-up interventions....
Kristian Niemietz
9 March 2009
6 comments

At a time when both public deficits and government spending are increasing (bank bailouts and stimulus packages), there is immense political pressure to address the issue of tax havens....
John Meadowcroft
3 March 2009
2 comments

Irrespective of the moral rights and wrongs of the former Royal Bank of Scotland chief Sir Fred Goodwin’s pension entitlement, the widely reported comment by the Deputy Leader of the Labour Party,...
Peter King
25 February 2009
10 comments

Those of us interested in extending personal freedom tend to make some rather glib assumptions in our thinking. For instance, it has been argued by several people recently on the IEA blog (with...
Richard Wellings
23 February 2009
7 comments

The part-nationalisation of Britain’s banks represents a further extension of state power and the erosion of private property rights. There is a huge danger that under political influence the...
Peter King
11 February 2009
28 comments

The whole issue of the legitimacy of government intervention in the housing market is particularly pertinent at the present moment. The government is flailing around trying to increase mortgage...
John Meadowcroft
6 February 2009
14 comments

In recent months there appears to have been a resurgence of scholarly interest in F. A. Hayek’s classic of political economy, The Road to Serfdom. Academics have been focusing in particular on...
Kristian Niemietz
3 February 2009
comments

One of the justifications for government intervention in the market is the presence of ‘external effects’ or ‘externalities’ which occur when individual actions adversely...
Terry Arthur
30 January 2009
8 comments

Adam Smith’s ‘agency problem’, the separation of ownership from control, enables big-business executives and directors to pursue their own agenda. All too often this results in an...
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...
Kristian Niemietz
20 January 2009
8 comments

In a recent IEA discussion paper, Nick Silver argues that official figures display less than a fifth of the UK’s actual public debt. This is because pension entitlements constitute debt in all...
Peter King
19 January 2009
18 comments

Should the UK government really be encouraging households to borrow money to buy houses in the current climate? And should it be encouraging banks to lend to them as part of the latest bailout...
Philip Booth
13 January 2009
26 comments

It was interesting to see David Cameron’s library in the newspapers yesterday. There are some good choices there. Kynaston’s book on the austerity years after the war is excellent, for...
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....
Nick Silver
6 January 2009
22 comments

The UK has recently undergone a banking crisis, the reasons for which have been much analysed, but basically boil down to a mixture of liquidity problems (banks unwilling to lend to each other) and...
Richard Wellings
5 January 2009
4 comments

Will a green ‘New Deal’ help get Britain out of recession? The Liberal Democrats, for example, have proposed the reopening of disused railway lines as a means of boosting the economy....