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G. R. Steele
3 February 2014
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The relative merits of directing monetary policy by following set rules or by the use of discretion has engaged economists since first discussed by Henry Simons in a seminal paper published...
Kristian Niemietz
31 January 2014
5 comments

Have you ever come across a lipogram? A lipogram is a somewhat eccentric literary technique: the art of writing a text from which a particular letter, word, or combination of letters, is entirely...
Ryan Bourne
30 January 2014
3 comments

It’s often said that modern day politicians lack conviction – that is, they are afraid of expressing their firmly held beliefs. This is not universally true, of course. But one of the...
Kent Matthews
29 January 2014
8 comments

GDP growth of 0.7 per cent in the final quarter of 2013 has finally confirmed that the recovery is taking hold. Growth for 2013 as a whole has come in at just under 2 per cent. Whilst welcome, this...
David Joselin
28 January 2014
4 comments

‘The monopolists, by keeping the market constantly under-stocked, by never fully supplying the effectual demand, sell their commodities much above the natural price, and raise their emoluments...
Steve Davies
27 January 2014
2 comments

A recurring feature of politics is that of politicians and parties claiming to be acting as the heirs of a famous figure from the past. This is a convenient way of identifying the kind of argument...
Kristian Niemietz
24 January 2014
3 comments

Over the past few months, in a series of articles, Independent columnist Owen Jones has outlined a socialist response to the cost-of-living crisis - ‘bread-and-butter socialism’, as he...
Philip Booth
23 January 2014
1 comment

Those on the left of the political spectrum argue that many of the world’s problems are caused by big business exploiting the poor. Those who support a free economy, meanwhile, lay many of the...
Philip Booth
22 January 2014
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A preview from the Spring 2014 issue of EA Magazine. Marginal tax rates and income: new time series evidence Karel Mertens Available from: http://www.economics.cornell.edu/km426/papers/MTRI_article....
Steve Davies
21 January 2014
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Yesterday saw the government announce the latest in a line of restrictions on the benefits immigrants can claim. New jobless EU migrants will be denied access to Housing Benefit from April, and will...
Kristian Niemietz
20 January 2014
8 comments

- ‘Unexpected item in the bagging area.’ - ‘Please put the item back in the bag.’ - ‘Please wait for assistance.’ If you have heard these phrases before, you are...
Philip Booth
17 January 2014
3 comments

Today Ed Miliband made a speech on policy in UK banking. There is much wrong with that market and important reforms should involve ensuring that the providers of capital to banks always...
Len Shackleton
16 January 2014
4 comments

It is widely rumoured that the government is moving towards a commitment to increase the national minimum wage (NMW) well above levels suggested by the – usually fairly sensible – Low...
Ian Senior
15 January 2014
8 comments

Money in the form of coin, banknotes or numbers on a computer screen, represents a claim on goods and services. It is a useful intermediary that enables trade and avoids barter. For many years the...
Kristian Niemietz
15 January 2014
4 comments

Ed Miliband is getting serious about shedding his Red Ed image. In an article in the Daily Telegraph, the Labour leader tried to rebrand himself as a champion of the aspirational middle classes. This...
Len Shackleton
14 January 2014
1 comment

The UK’s labour market has performed much better since 2008 than many expected. It is clear that, compared with the high degree of regulation in continental Europe, our relatively more flexible...
Carlo Stagnaro
13 January 2014
1 comment

‘Economic policy always has more than one goal, and each independent policy goal requires an independent policy instrument’, correctly state well-known environmental economists (and...
Gabriel H. Sahlgren
10 January 2014
2 comments

Note: the graphs in this post display correlations only. They are used to discuss relationships some argue exist, not to draw causal conclusions. We are often told that school systems with the...
Gabriel Sahlgren
8 January 2014
1 comment

The past decades have been a remarkable success story in terms of the trajectory of our well-being in old age. We live longer and our health has improved, which of course should be causes for...
Christopher Snowdon
7 January 2014
1 comment

Ed Miliband’s pledge to crack down on the ‘crack cocaine of gambling’ is a significant moment in the extraordinary moral panic over fixed-odds betting terminals (FOBTs). Last...