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John Blundell
1 June 2013
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‘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
14 comments

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
4 comments

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
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
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...
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
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...
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
2 comments

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
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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
11 comments

  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...
Stephen Michael MacLean
11 October 2012
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  John Meadowcroft’s recent article in defence of free markets, ‘From Big Macs to Big Brother’, begins thus: ‘One of the most important contemporary debates in...
Kristian Niemietz
2 October 2012
1 comment

Inequality worries a lot of people. According to the British Social Attitudes Survey, nearly four out of five respondents think the gap between the top and the bottom is too large. 57% believe the...
Kristian Niemietz
27 September 2012
5 comments

You have probably seen this video here, where Paul Krugman explains why the threat of an alien invasion could be a good thing. It would lead to the kind of stimulus package he wants: politicians...
Philip Booth
25 September 2012
4 comments

  Last night’s BBC programme on F. A. Hayek was interesting and, like the Keynes programme, gave the subject a fair crack of the whip. It is not by way of criticism that I write this...
Philip Booth
19 September 2012
5 comments

  Monday night's BBC documentary Keynes in the Masters of Money series will be followed by two others on Hayek and Marx. The first programme was brilliantly presented by Stephanie...
Kristian Niemietz
13 September 2012
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  In 1997, I knew next to nothing about politics, and even less about British politics. But I remember the debates about the ‘Third Way’ quite vividly. For some, the Third Way...
Nima Sanandaji
28 August 2012
2 comments

  Sweden and other Nordic nations are often regarded as role models whose policies should be copied by others. The reason is simply that these countries are characterised by good social...
Tom Papworth
24 August 2012
1 comment

George Monbiot has set out his cartoonish manifesto on the Guardian website. He paints a picture of ‘what the world will look like after capitalism’, beginning with this very helpful...
Philip Booth
31 July 2012
4 comments

When I was at university, the vast majority of liberal-thinking people were in the Federation of Conservative Students – an organisation that was shut down by Norman Tebbit for being too...