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Richard Wellings
22 January 2013
13 comments

Taxpayer subsidies to the rail sector have reached astronomical levels. At £6 billion per year (including Crossrail), they have roughly trebled in real terms over the last twenty years. But...
Mark Pennington
10 December 2012
1 comment

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...
Kristian Niemietz
30 November 2012
3 comments

  With the benefit of hindsight, articles on inflation from pre-monetarist days can make a very amusing read. Back then, economic journalists were essentially arguing that inflation is...
Richard Wellings
23 November 2012
2 comments

Today’s agreement on energy policy, ahead of the forthcoming introduction of the Energy Bill, shows the government remains committed to meeting ambitious targets on greenhouse gas...
Philip Booth
6 November 2012
comments

Let us set aside the argument about whether global warming is a serious threat that we can address through Government policy. Let’s assume that it is. Given the threat, should we go about...
Richard Wellings
29 October 2012
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  The government’s new plan for a two-tier road tax system has many shortcomings. In particular, it fails to address the economic distortions created by a fiscal framework that taxes...
Kristian Niemietz
7 September 2012
4 comments

There is a game, in the style of Trivial Pursuit, where one card reads something like: ‘Paul extinguished the flames by pouring champagne over them. That was efficient. Right or wrong...
Mark Pennington
7 August 2012
comments

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 regulation...
Richard Wellings
17 July 2012
4 comments

Is electrifying branch lines in Wales a top priority for transport investment? It seems unlikely. But then again the government’s plans to invest £9.4bn in rail infrastructure show...
Carlo Stagnaro
13 July 2012
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  Can an intermittent source be integrated into a liberalised electricity market? It is technically feasible, but, if subsidies come into play, intermittent generation threatens to undermine...
Kristian Niemietz
6 July 2012
1 comment

How does your garden variety Malthusian react if a resource he has predicted to run out manifestly refuses to do so? 1. He rejoices, begins questioning his doomsayer philosophy, looks out for...
Kristian Niemietz
19 June 2012
1 comment

Do you know that famous environmentalist who said: ‘Our Western industrialised civilisation has produced marvellous things, and it would be fantastic if we could carry on like this. Today...
Carlo Stagnaro
25 May 2012
12 comments

The UK was the first European country to liberalise its electricity market. Will Britain now be the first European country to roll back the market and effectively renationalise the sector?...
Kristian Niemietz
4 May 2012
7 comments

The ‘prevailing orthodoxy’ (or ‘the zeitgeist’) is much like a rainbow: wherever you happen to stand, it always seems to be somewhere else. The term would never be used in...
Kristian Niemietz
10 April 2012
8 comments

Every government retreats on some issue or other eventually, realising that the political cost outweighs the benefit. But for this coalition, retreat has become a way of life. Whether it is on the...
Kristian Niemietz
28 March 2012
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  Earlier this month, David Cameron received two open letters from prominent environmentalists, sending conflicting messages. The first letter, written by Jonathon Porritt and three other...
Kristian Niemietz
2 February 2012
1 comment

'And goodbye to one of our lovely Bumblebee health-food shops in north London, finally defeated by another greedy developer who wants to turn it into flats.’ What I appreciate about...
Kyn Aizlewood
10 January 2012
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In July 2011, the IEA published a study on the government’s plans to develop a high speed rail network in England. High Speed 2 (HS2) extends the UK’s initial foray into high speed...
Richard Wellings
21 December 2011
1 comment

As the economic slump persists, calls are growing for an increase in infrastructure spending as a means of boosting growth. Both David Cameron and Nick Clegg have announced plans for the delivery...
Paul Withrington
16 December 2011
17 comments

Decades of propaganda have established the myth that railways cost much less, are far safer, have much more capacity, use less fuel, less manpower and are far kinder to the environment than road...