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John Burton
3 September 2013
6 comments

The recent IEA evaluation of the High Speed 2 project has presaged much further criticism of this serious misadventure. A former Transport Secretary/Chancellor, Alistair Darling, has described the...
Kristian Niemietz
29 August 2013
1 comment

  The economic debate about airport expansion has become a proxy war, fought by both sides with proxy arguments. When somebody tells you that they are for/against airport expansion because of X...
Richard Wellings
19 August 2013
3 comments

In a 1965 book, The Logic of Collective Action, the American economist Mancur Olson explores the impact of special interest groups on the political process. Olson’s hypotheses are derived from...
Peter Kain
30 July 2013
4 comments

We are conditioned to accept that as projects such as High Speed 2 (HS2) are progressed, the cost estimates will rise. This, of course, invalidates a cost-benefit analysis – unless benefits are...
Kristian Niemietz
17 June 2013
1 comment

  Apparently unaware of Ed Miliband’s recent announcements that a Labour government would cut the Housing Benefit bill by building more homes, shadow community secretary Hilary Benn...
Gabriel Roth
14 June 2013
1 comment

Governments do not always support mobility. The Duke of Wellington objected to railways because they would "only encourage the lower classes to move about needlessly". United States...
Paul Withrington
29 March 2013
24 comments

Today marks the fiftieth anniversary of the publication of The Reshaping of British Railways, better known as the Beeching Report. Dr Beeching pointed out that 30 per cent of route miles carried...
Martin Cassini
15 February 2013
4 comments

Between 2000 and 2008 the number of traffic light installations in the UK rose by over 30%, boosted by an additional 1800 sets imposed on London’s streets under Ken Livingstone. There are now...
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
comments

  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
comments

  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...