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Len Shackleton
18 November 2015
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Nobel-Prize-winning economist Ronald Coase died in 2013 at the grand age of 102. The two contributions for which he is best-remembered – his 1937 analysis of the significance of transactions...
Kristian Niemietz
13 November 2015
4 comments

This article was first published by The Independent.   I have long been toying with a business idea, but never had the time, patience, know-how and, above all, the resolve to do anything with it...
Ryan Bourne
11 November 2015
1 comment

On 11 November, the UBS European Conference 2015 hosted a panel discussion entitled ‘Income Inequality: Consequences and Solutions’. The IEA’s Ryan Bourne was one of the panellists...
Kristian Niemietz
6 November 2015
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The law of diminishing marginal utility is one of the most basic concepts in economics. What it means is that the more you have of something, the less you enjoy getting more of it. Among other things...
Steven Horwitz
2 November 2015
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“The motives of fear and greed are what the market brings to prominence,” argues G.A. Cohen in Why Not Socialism? “One’s opposite-number marketeers are predominantly seen as...
Philip Booth
29 October 2015
4 comments

One of the most dangerous myths that pervades the political debate today is the idea that “neo-liberalism”, as the left describe it, has a stranglehold over economic policy. Certainly, if...
Paul Ormerod
23 October 2015
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Behavioural economics involves the application of the insights of experimentally-based behavioural psychology to the analysis of economic decision-making. It has had a substantial impact on policy...
Chad Wilcox
21 October 2015
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Today is ‘Back to the Future Day’—the date Marty McFly and Dr Emmett Brown visit when they travel 30 years into the future via a DeLorean-turned-time machine in the 1989 film Back...
Ryan Bourne
14 October 2015
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When major political parties agree on an issue, worry. For the past decade, “social mobility” – the movement of individuals to different positions in society – has been said...
Philip Booth
8 October 2015
1 comment

Nicky Morgan wrote an article on Conservative Home a week ago which revealed the true colours of modern feminism. The article is based on a great deal of economic ignorance and a hyper-materialistic...
Philip Booth
5 October 2015
1 comment

During the late 1990s and early 2000s, think tanks such as the IEA had a difficult time. We were told that the argument for the market economy had been won. A so-called neo-liberal hegemony had been...
Ryan Bourne
1 October 2015
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Jeremy Corbyn and his shadow chancellor John McDonnell are desperate to be seen as economically credible. As part of this, on Sunday Labour announced the creation of a new economics committee made up...
Kristian Niemietz
30 September 2015
3 comments

Last Saturday, several hundred anti-gentrification protesters attacked a ‘hipster’ café in Shoreditch, throwing paint bombs against the windows, and trying to throw a smoke bomb...
Ryan Bourne
29 September 2015
1 comment

Jeremy Corbyn’s Labour Party has a new economic committee, made up of high-profile names such as Danny Blanchflower, Simon Wren-Lewis, Thomas Piketty, Joseph Stiglitz and Mariana Mazzucato. As...
Kristian Niemietz
18 September 2015
3 comments

“Nobody advocates socialism anymore. It is now all just about reforming capitalism.” I must have heard this lazy cliché in hundreds of variations. I've never had much time for...
Christopher Snowdon
11 September 2015
2 comments

The general secretary of the Trade Union Congress, Frances O’Grady, said last year that Britain is a country in which ‘inequality soars’ and ‘social mobility has hit reverse...
Steve Davies
9 September 2015
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Dr Steve Davies, Educational Director at the IEA, looks at organised sport, and how they have overcome economic and social issues with innovative private regulation, rather than requiring government...
Ryan Bourne
4 September 2015
1 comment

In recent times the government has chosen to jump on the bandwagon of supposed ‘scandals’ regarding business practices. A couple of weeks ago it was the furore surrounding boarding passes...
Ryan Bourne
1 September 2015
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Unlike many other advocates of free markets, I quite like Channel 4 News economics editor Paul Mason. His journalistic approach, informative yet editorialised towards his own opinions, is...
Matthew McCaffrey
28 August 2015
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House Greyjoy in Game of Thrones is the ultimate symbol of statist economics. Their family motto 'We de not sow' (meaning 'We do not produce wealth, we plunder it'), their contempt...