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Ryan Bourne
12 February 2015
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‘Dear chief secretary, I’m afraid to tell you there’s no money left’. That twelve-word note left in the Treasury from Liam Byrne, Labour’s former Chief Secretary to the...
Richard Wellings
11 February 2015
3 comments

Britain’s railways were privatised in the mid-1990s. This did not however mean an end to state control. The government tightly regulated the sector, imposing price controls on a high proportion...
Ryan Bourne
10 February 2015
1 comment

The war of words between Boots and the Labour Party has led to much political soul-searching. The salient question seems to be: ‘is Labour anti-business?’ This is not particularly...
Philip Booth and Ryan Bourne
9 February 2015
1 comment

In a recent CapX article, Tim Montgomerie sought to outline ‘10 things that capitalism needs but cannot provide’. There was much to agree with in his article, but we are puzzled by his...
Diego Zuluaga
6 February 2015
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The sovereign debt crisis that gripped the euro zone in 2011-12 threw into the spotlight the problems with a currency union lacking fiscal transfers between members and the mutualisation of their...
Fernando Herrera-González
5 February 2015
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In his State of the Union address, President Barack Obama assured us that he intended to ‘protect a free and open internet’. To ascertain what Mr Obama means by a ‘free and open...
Anthony J. Evans
4 February 2015
5 comments

In a recent article in the Financial Times, Tim Harford retells a classic source of argument amongst economists: ‘Imagine that you have a free ticket (which you cannot resell) to see Radiohead...
Richard Wellings
3 February 2015
15 comments

London’s population is forecast to hit 10 million in 2030 and it’s difficult to see how the transport system will cope. A high proportion of commuters already endure severe overcrowding,...
Diego Zuluaga
2 February 2015
3 comments

Much has been made in EU circles of Jean-Claude Juncker’s €315 billion Investment Plan, which he announced in late November and has since been touted as his Commission’s key policy...
Len Shackleton
30 January 2015
1 comment

We worry a lot about the problems of getting young people into the workforce, as school leavers or even as graduates. While youth unemployment is thankfully much lower here than in most of...
Philip Booth
29 January 2015
1 comment

In recent months the global elite, including the Catholic head of the Bank of England Mark Carney, have joined Pope Francis in expressing concern about inequality. The issue was also discussed at...
Ryan Bourne
28 January 2015
11 comments

Fairly often the facts get in the way of a good meme. The cricketer Stuart Broad has angered a host of constantly-outraged egalitarians by tweeting that ‘I’ve heard if you earn minimum...
Ryan Bourne
27 January 2015
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George Osborne has recently taken to the cause of securing ‘full employment’. A crude analysis might suggest that this a clever political move to focus attention on a Conservative success...
Ryan Bourne
27 January 2015
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If ‘tax avoidance’ is the answer, what is the question? For many years it might have been: ‘what subject excites only a small number of tax lawyers and HMRC officials?’ But in...
Peter Ainsworth
26 January 2015
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Liam Byrne, shadow universities minister, was quoted in the New Statesman recently in relation to tuition fees, saying: ‘We've just got to ask ourselves, how much more debt are we going to...
Stephanie Lis
23 January 2015
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Last night we learned that the government plans to change the law to ensure that cigarettes are sold in plain packages. The ostensible goal of reducing the number of smokers may be well-intentioned,...
Mikko Arevuo
22 January 2015
3 comments

Ever since James Watt was awarded a patent for the improvements he made to the Newcomen steam engine in January 1769, economists and libertarians have been divided over intellectual property rights (...
David B. Smith
21 January 2015
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This article is based on David B. Smith’s Politeia paper ‘The UK Government Spending Ratio: Back to the 1930s?’.   Some politicians have asserted that Britain’s...
Ryan Bourne
20 January 2015
1 comment

One of the insights of the Public Choice School of economics is that voting groups with more homogenous interests will have much more influence on the political process than those with more diffuse...
Ryan Bourne
19 January 2015
1 comment

Global capitalism has eradicated poverty and generated prosperity in the developing world at an unprecedented rate. You might imagine that a global anti-poverty charity, such as Oxfam, would...