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Roland Vaubel
13 December 2012
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Wolfgang Schäuble, the German finance minister, recently said that “we can only achieve political union if we have a crisis”. His idea is to exploit the Eurozone’s sovereign...
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...
Philip Booth
11 December 2012
1 comment

The non-stop tide of new regulation from the government continues. It now appears to be preparing to accept an amendment to the Financial Services Bill, which will allow the Financial Conduct...
Mark Pennington
10 December 2012
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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
7 December 2012
3 comments

  Right from the start, the guiding question behind the coalition’s fiscal strategy has been ‘Which consolidation measures are least likely to get us into trouble?’ rather...
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...
Richard Wellings
5 December 2012
2 comments

At the time of the last Autumn statement, the Office for Budget Responsibility (OBR) was predicting growth of 0.7 per cent in 2012, followed by 2.1 per cent in 2013, 2.7 per cent in 2014 and a...
Philip Booth
3 December 2012
2 comments

Those attacking companies not paying corporation tax have opened up a new line of argument. Specifically, members of the House of Commons’ Public Accounts Committee have argued that because...
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...
Philip Booth
28 November 2012
1 comment

Another bailout deal has been secured for Greece. Some of the country’s borrowing will be written off – it will be left with a debt to GDP ratio of 'only' 125 per cent. But is...
Kristian Niemietz
26 November 2012
3 comments

I suspect this hypothetical dialogue will look vaguely familiar to many readers: Europhile:        ‘The global economy of the future will be dominated by...
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...
Stephen Littlechild
20 November 2012
3 comments

‘The philosopher's stone is a legendary alchemical substance said to be capable of turning base metals into gold.… Efforts to discover the philosopher's stone were known as the...
Philip Booth
19 November 2012
3 comments

The US election was finely balanced, despite the attempts by the BBC to suggest otherwise. The vote was split roughly half and half, and Catholics were roughly split in line with the country as a...
Richard Wellings
19 November 2012
27 comments

According to a review commissioned by the Department of Social Security, ‘the costs of travelling to work will ... be a factor in some people’s decisions about whether to look for or...
Philip Booth
16 November 2012
3 comments

The eurozone is in recession. This is no surprise. Neither is it surprising that the south is struggling much more than the north. Keynesians are responding with a chorus of voices arguing that...
Len Shackleton
15 November 2012
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This week Nick Clegg has announced the government’s intention to extend to all employees the right to request flexible working. This proposal seems not to have excited much concern amongst...
Vuk Vukovic
14 November 2012
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A lot of pro fiscal stimulus arguments in the USA and the UK come from the classical zero lower bound (ZLB) assumption, in which conventional monetary policy is said to be ineffective...
Kristian Niemietz
13 November 2012
1 comment

  The Dutch sometimes find it annoying that most people use the terms ‘Holland’ and ‘the Netherlands’ as synonyms. Holland, they insist, is just one part of the...
Philip Booth
12 November 2012
4 comments

Who among Sunday Telegraph readers has not tried to avoid paying tax? I should imagine that most married readers keep their assets in the name of the spouse with the lowest tax rate. And I...