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Philip Booth
16 January 2013
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Earlier this week, the government announced a new pension reform which would involve the creation of a flat-rate state pension at around the minimum level of income deemed necessary to support a...
Kristian Niemietz
15 January 2013
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Econometric literature is notorious for its inconclusiveness. Even for seemingly straightforward issues such as the impact of minimum wage laws, you can always find econometric papers on both...
G. R. Steele
14 January 2013
2 comments

A review of Keynes Hayek: The Clash That Defined Modern Economics by Nicholas Wapshott. As the Luftwaffe targeted culturally-rich cities in 1942, two economists took their turn in fire-watching...
Philip Booth
11 January 2013
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  A thriving economy needs saving and capital investment. Capital investment is inherently risky because it involves making a judgment about returns from entrepreneurial ventures when our...
Eamonn Butler
9 January 2013
1 comment

Friends of the IEA will be sorry to hear of the death of James M. Buchanan, the US economist and Nobel Laureate. In the 1960s, with colleague Gordon Tullock, Buchanan brought to wide attention...
Kristian Niemietz
8 January 2013
3 comments

Anyone who has ever read half a page in a Public Choice textbook will, if nothing else, at least have taken the following insight on board: if the benefits of a policy are tangible and concentrated...
Len Shackleton
8 January 2013
2 comments

The Labour Party has created a stir in advance of today’s vote on restricting benefit increases by proposing a ‘jobs guarantee’ for 130,000 long-term unemployed. This would be...
Philip Booth
7 January 2013
2 comments

  In a number of newspapers today, I am quoted accusing the government of ‘family bashing’ with reference to its decision to remove child benefit from higher-earning recipients....
Steve Davies
4 January 2013
3 comments

The sight of politicians being forced to make tough decisions and frantically trying to do so in a way that upsets nobody would be grimly entertaining if the consequences were not so frequently...
Philip Booth
3 January 2013
1 comment

If the Child Poverty Action Group (CPAG) were to issue a press release this holiday period, which of the following do you think would be the most likely headline? CPAG claims that the...
Philip Booth
2 January 2013
6 comments

There has been a huge growth in game theory in undergraduate economic courses in recent years. Indeed, some universities seem to think it should form the main pillar of study. This was brought home...
Kristian Niemietz
22 December 2012
6 comments

When I began working on poverty issues, I had the naïve idea that a child poverty activist was somebody who raised money to help poor children. That was not entirely wrong; there are a few...
Alberto Mingardi
20 December 2012
4 comments

  A review of Why Capitalism? by Allan H. Meltzer ‘No economic system focused on property confiscation and redistribution has ever sustained both growth and personal freedom’ (...
Nick Silver
19 December 2012
1 comment

At the height of the financial crisis the US government dramatically bailed out the insurer AIG. Last week it sold its last remaining shares in AIG for a tidy profit. Surely this marks the end of a...
James Stanfield
17 December 2012
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The current approach adopted by the international development community to guarantee education for all (EFA) across the developing world can best be described as monocentric and one that favours a...
Stephen Michael MacLean
14 December 2012
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  The phrase ‘fiscal cliff’ now permeates the American media. In essence, the cliff is a series of legislated fiscal triggers that will be activated on 1 January, which include...
Roland Vaubel
13 December 2012
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Wolfgang Schäuble, the German finance minister, recently said that “we can only achieve political union if we have a crisis”. His idea is to exploit the Eurozone’s sovereign...
Nick Silver
12 December 2012
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In the debate about how to deal with ongoing financial problems, many economists argue that the private sector, faced with an uncertain future and high debt levels, is saving. Therefore the public...
Philip Booth
11 December 2012
1 comment

The non-stop tide of new regulation from the government continues. It now appears to be preparing to accept an amendment to the Financial Services Bill, which will allow the Financial Conduct...
Mark Pennington
10 December 2012
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Throughout her career the late Elinor Ostrom was keen to avoid crude ideological labelling, and the title of her 2012 Hayek Lecture ‘beyond market failure and government...