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Kristian Niemietz
14 July 2011
3 comments

Liberals who support a limited public safety net are faced with a dilemma. On the one hand, they want government to fulfil the role of a provider of last resort. They envisage a situation in which...
Philip Booth
13 July 2011
1 comment

If you google the phrase 'vicious public spending cuts' you get 64,000 results from UK websites. Even if 32,000 of those are references to articles written by Polly Toynbee, that...
Nick Hayns
12 July 2011
3 comments

‘Support for UK cuts plummets’ screams a hyperbolic headline in today’s Financial Times. It relates to a poll carried out by the FT and Harris. Let us put aside the question as to...
Kristian Niemietz
11 July 2011
3 comments

Several authors of this blog have welcomed the idea of the ‘Big Society’, as long as it stands for an orderly retreat of the state from some social functions to make way for autonomous...
Mark Littlewood
11 July 2011
9 comments

The impact of fiscal stimulus packages is very limited in the short-run and positively damaging in the long-run. That was the argument put by Professor Robert Barro at the IEA's twentieth...
Philip Booth
10 July 2011
1 comment

The coalition government is short of policies that the free-market movement around the world might point to in generations to come as being of some importance in rolling back the state. Radicalism...
Mark Pennington
8 July 2011
comments

Last week saw large scale strike action from public sector workers here in the UK, campaigning against changes to pension arrangements and more generally ‘cuts’ to government spending....
Kristian Niemietz
7 July 2011
3 comments

In social policy debates, collective memory is extraordinarily short-term. Once a transfer instrument has been around for a few years, it becomes part of the furniture, and anyone proposing it...
Mark Littlewood
6 July 2011
1 comment

Next week, Conservative MP Sajid Javid will put forward a ‘ten minute rule bill’ to attempt to introduce a legal cap on the size of the net national debt. Although the proposal has no...
Len Shackleton
5 July 2011
1 comment

The Office for National Statistics has published a new estimate of the size of the hourly pay gap between the public and private sectors. It shows that, after correcting for factors such as the...
Kristian Niemietz
4 July 2011
2 comments

A man comes in to his regular delicatessen shop and blurts out at the owner, ‘You need to help me out! The bank is cutting my credit line, just as a big instalment to my other bank comes due...
Mark Littlewood
1 July 2011
7 comments

The strikes and protests witnessed in Britain's cities this week may well signal the start of a phase of industrial disputes, as public sector employees fight to retain the rather substantial...
Mark Pennington
29 June 2011
comments

The economic historian Professor Sheilagh Ogilvie is an intellectual heroine of modern classical liberalism. Her work on the operation of proto-industries such as woollens manufacture in sixteenth...
Philipp Bagus
28 June 2011
2 comments

A second aid package to the Greek government hinges on severe austerity measures. Why doesn’t Greece simply default and leave the euro as so many Greek protestors demand on the streets...
Stephen Michael MacLean
27 June 2011
5 comments

Public choice theory - the application of economics to politics - is inspired by classical liberal principles of free markets and limited government. With its focus on government depredations on...
Kristian Niemietz
24 June 2011
comments

Energy Secretary Chris Huhne spoke of a ‘dark day’, and made clear he was ‘deeply disappointed’. EU plans to raise the target for carbon emission cuts in...
Philip Booth
23 June 2011
4 comments

Mechanisms to ensure the political acceptability of privatisations should not be rejected automatically, simply because they are inefficient and raise less money for the taxpayer. Political...
G. R. Steele
22 June 2011
comments

The condemnation of benefit fraud and tax avoidance obscures a difference. Benefit cheats make fraudulent claims upon the earnings of others. Tax avoiders use legitimate means to retain their own...
Kristian Niemietz
22 June 2011
9 comments

In the March issue of Economic Affairs, a paper by Karthik Reddy analysed the empirical literature on the employment effects of minimum wages. The paper shows that there was indeed a period in...
Mark Pennington
21 June 2011
1 comment

When advancing the case for ‘free markets ‘ classical liberals are often chided for failing to recognise the wisdom of Karl Polanyi. In The Great Transformation Polanyi claimed that the...