Len Shackleton
3 October 2013

I started studying economics fifty years ago last month, unbelievably (OK, I was a precocious child). Over the decades I have had many doubts about my chosen discipline. Were its prescriptions too...
Philip Booth
26 September 2013

On Sunday, Pope Francis made unprepared remarks in Sardinia, a part of Italy that has been especially badly hit by the economic crisis. Specifically, he said: ‘We don’t want this...
Mark Littlewood
5 September 2013

Ronald Coase, who has died aged 102, won the Nobel prize for economic sciences in 1991 for his work in discovering and clarifying the importance of transaction costs in the functioning of the economy...
Kristian Niemietz
12 August 2013

The UK now has one of the fastest-growing populations in Europe, according to a new report by the Office for National Statistics. In just one year, the population grew by over 400,000 people (to a...
David S. D'Amato
19 July 2013

Writing in The Guardian, Jesse Norman opined that recent weeks have ‘revealed a sea change in the whole nature of British politics.’ Norman says that Fabianism is forever dead in the...
John Burton
5 July 2013
1 comment

During a briefing on 5 November 2008 - conducted with big wall-chart graphs - about the ongoing financial ‘crunch’, the Queen dropped a (bombshell) question on the assembled throng of...
J. R. Sargent
20 June 2013

There was a time when it was normal for the productivity of labour in the UK to be rising year by year, and for money wages increases to reflect this by forging ahead of price increases. The last...
Christopher Snowdon
19 June 2013
1 comment

Earlier this year, the Work Foundation published a study of inequality in Britain that threw up some uncomfortable findings for those who believe that income differentials are the root of all evil...
Steve Davies
13 June 2013

Liberalism as a political doctrine has had an enormous amount written about it over the years, mainly by philosophers. Surprisingly, historians, and particularly historians of thought, have had...
John Blundell
1 June 2013

‘Behind every great man there is a great woman’ has to be close to being the most hackneyed expression in the English language, but in the case of Milton Friedman one has to give really...
Steven Kates
25 April 2013

I was given a copy of John Kenneth Galbraith's 1975 treatise which goes by the name of Money: Whence it Came, Where it Went. And there on pages 218-19 we find this: ‘Until Keynes, Say...
John Meadowcroft
21 January 2013

An important component of the argument of F. A. Hayek's The Road to Serfdom is that those people likely to derive utility from directing and ordering others will come to occupy the positions at...
G. R. Steele
14 January 2013

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
2 January 2013

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...
Alberto Mingardi
20 December 2012

  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
12 December 2012

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...
John Blundell
6 December 2012
1 comment

 A review of Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics by Daniel Stedman Jones (2012, Princeton University Press). I approached this long awaited volume...
Steven Horwitz
5 November 2012

In the aftermath of Hurricane Sandy, the New York and New Jersey areas of the US suffered shortages of gasoline and other necessities for several days. This is not unusual as almost every major...
G. R. Steele
30 October 2012

One estimate (from the Olympic Delivery Authority) for the overall ‘Public Sector Funding Package’ for the London 2012 Olympic Games, placed it in the region of £10...
Kristian Niemietz
24 October 2012

  Have you heard about it? Trickle-down economics has failed. Barack Obama says so. Paul Krugman says so. The Wall Street Journal says so. The Guardian says so. You’ll hear it in...