Steve Davies
25 February 2015

One of the recurring features of what we may call ‘popular economics’ in this country is the hostility to ticket touts. For most of the public they rank close to the bottom of social...
Philip Booth
19 February 2015
1 comment

In response to an article for The Tablet on Oxfam’s wealth inequality figures, Mr Fuentes-Nieva, Head of Research at Oxfam, makes some counterpoints in a letter to The Tablet (also repeated in...
Philip Booth and Ryan Bourne
9 February 2015
1 comment

In a recent CapX article, Tim Montgomerie sought to outline ‘10 things that capitalism needs but cannot provide’. There was much to agree with in his article, but we are puzzled by his...
Anthony J. Evans
4 February 2015

In a recent article in the Financial Times, Tim Harford retells a classic source of argument amongst economists: ‘Imagine that you have a free ticket (which you cannot resell) to see Radiohead...
Mikko Arevuo
22 January 2015

Ever since James Watt was awarded a patent for the improvements he made to the Newcomen steam engine in January 1769, economists and libertarians have been divided over intellectual property rights (...
Ryan Bourne
13 January 2015

A lie, repeated often, becomes the truth in the public mind. That’s why, when a Fox News commentator suggests that Birmingham is a “Muslim-only city”, we feel it important to set...
David Henderson
7 January 2015

The Financial Times has long been a continuing source of misleading statements about the relative size of the economies of different countries, as given by their real GDP - i.e. their output of goods...
Christopher J. Coyne and Rachel L. Coyne
5 January 2015

Many associate markets with self-interest and greed whilst associating politics with other-regarding, publicly-interested behaviour. Perhaps nowhere is this view more prevalent than in the speeches...
Christopher Snowdon
23 December 2014

In my new IEA monograph Selfishness, Greed and Capitalism, I discuss some of the most common straw men and myths about free-market capitalism. Some ideological disputes cannot be settled by evidence...
Kristian Niemietz
22 December 2014
1 comment

The 2004 film Saw was a fine horror movie, which immediately became a minor genre classic. In an ideal world, the makers of the movie would have left it there, and moved on to something else....
Ryan Bourne
20 December 2014

No, I haven’t morphed into the Grinch. But given I work for an economics think-tank, this subject inevitably led to some heated debate among our colleagues at the staff Christmas party earlier...
Steven Kates
17 November 2014

In my view, Say’s Law may be the single most important principle in economics. But it is a principle that was deliberately eliminated from within mainstream economic theory by John Maynard...
Eamonn Butler
6 November 2014
1 comment

It is sad to report the death of Gordon Tullock. He was a friend, likeable and respected as a great economist – even though he had no degree in economics. He came, rather, from a public...
Ryan Bourne
4 November 2014

‘Never let a serious crisis go to waste’, concluded Rahm Emanuel, Barack Obama’s ex-chief of staff. For our political commentators, a more accurate phrase might be ‘never let...
Ryan Bourne
21 October 2014

Forget political polls and voting intentions. The most important survey of recent months came from Pew Research on the attitudes of populations worldwide to capitalism and inequality. As many Western...
John H. Cochrane
13 October 2014

The FT's Martin Wolf weighs in on ‘Why inequality is such a drag on economies’. This is the question that was bugging me last week. Why is inequality a problem in and of itself,...
Steven Kates
8 October 2014

The text of the first edition of Free Market Economics: An Introduction for the General Reader was written in a kind of white heat over twelve weeks during the first months of the worldwide...
Christopher Snowdon
16 September 2014
1 comment

The economist Julian Simon once wrote that ‘the economic study of advertising is not deserving of great attention’, ruefully adding that ‘this is not a congenial point at which to...
Christopher Snowdon
8 September 2014

Owen Jones’ new book, The Establishment, promises to be more than your average left-wing polemic against austerity, banksters, globalisation and ConDems. The blurb promotes it as an expos...
Roger Koppl
15 August 2014

The recent economic crisis has destroyed some of the supposed ‘certainties’ of economic theory and policy. Both are in question as we try to understand the Great Recession and the long...