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Mark Pennington
4 May 2011
3 comments

Among the themes to emerge from ‘happiness economics’ one seized on by those disapproving of open markets and the decision-making autonomy they may bring is that having ‘choice...
James Stanfield
3 May 2011
comments

On the important question of education, Richard Cobden rejected the principles of free trade and limited government. He campaigned for the introduction of a national system of ‘free’...
Steven Kates
28 April 2011
4 comments

Only someone with professional training in economics has ever heard of the economic principle now known as Say’s Law of Markets. Indeed it was Keynes’s explicit aim in writing his...
Nick Silver
26 April 2011
6 comments

A couple of years ago, in an IEA paper, I suggested that the UK’s public debt was many times larger than the official figure. Following the financial crisis, I recalculated my estimate ...
Mark Littlewood
21 April 2011
comments

General elections in Finland rarely secure much coverage across mainstream European media, but the results of – and fallout from – the poll earlier this month deserve detailed...
Kristian Niemietz
20 April 2011
5 comments

In panel discussions or similar debate formats, it is usually a huge advantage to be thoroughly informed about the opponent’s weltanschauung, since this enables one to anticipate the other...
Mark Pennington
20 April 2011
comments

In a recent post I pointed out that Habermas’s theory of communicative ethics and deliberative democracy fails to recognise a fundamental point highlighted by Hayek – that much of the...
Philip Booth
20 April 2011
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The recently published Green Paper on pensions was widely welcomed. Indeed, it contained some reasonable ideas. However, it also contained a proposal to abolish contracting out of state pensions...
James Stanfield
19 April 2011
1 comment

Last week the universities minister David Willetts announced that from 2012 students attending private universities will be eligible for a state-funded loan of £6,000. In response, the shadow...
G. R. Steele
18 April 2011
2 comments

The eurozone came with fine aspirations: according to article 127 in the consolidated version of the Treaty on the Functioning of the European Union ‘the primary objective of the European...
Philip Booth
15 April 2011
3 comments

In June 2011 an editorial article appeared in the Royal Economic Society newsletter which seemed to sympathise with attacks on what it called ‘deficit fetishism’. Not quite the legions...
Richard Wellings
14 April 2011
comments

Despite the cuts, the coalition Government will raise our national debt by almost £500bn over this Parliament. This is just the official debt. When other liabilities such as pensions are...
Mark Littlewood
13 April 2011
2 comments

Unsurprisingly, the government has been struggling somewhat with how to implement its policy of imposing an immigration cap on non-EU immigrants. Fortunately, in The Challenge of Immigration, a new...
Paul Ormerod
12 April 2011
2 comments

The launch today of the Action for Happiness organisation promotes yet again the old canard that material prosperity does not cause happiness. True, over the past few decades measured happiness has...
Alberto Mingardi
11 April 2011
2 comments

Before Intel was fined €1.06 billion in 2009, Microsoft had long held the dubious honour of being the corporation subject to the highest antitrust fine by the European Commission. In March...
Andrew Lilico
11 April 2011
2 comments

The fundamental problem in the banking sector is that bank creditors are not exposed to risk of loss. Who are the bank creditors? There are two key sorts: bondholders and depositors. So any useful...
Philip Booth
8 April 2011
1 comment

This is the first of two blog posts that summarise some of the discussion that took place at an IEA seminar on EU competition policy with particular reference to Intel. The next post will deal with...
Mark Pennington
7 April 2011
7 comments

Jurgen Habermas is one of the most influential political philosophers of the last fifty years. Though he has now, thankfully, abandoned the neo-Marxism of his early career, his theory of ‘...
André Azevedo Alves
6 April 2011
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As top Portuguese banks give public signals that they will stop buying government debt, pressure is mounting for an immediate plea for external emergency financial support. Nevertheless, the...
Philip Booth
5 April 2011
1 comment

Today, Nick Clegg decided to declare war on nepotism. He wants to 'stop a lot of the informal advantages which are helping certain people to hoard opportunities at the exclusion of others...