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Mark Pennington
29 January 2011
3 comments

Two of my posts earlier this month (here and here) focused on the institutional implications of limited rationality. My claim was that robust institutions are those that minimise the consequence of...
Len Shackleton
28 January 2011
2 comments

Business Secretary Vince Cable is proposing what the Financial Times calls "an employer-friendly shake-up of Employment Tribunals". Hmm. The proposals include an extension from one to...
Nick Hayns
27 January 2011
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It is not easy running a business in this country. You might think I'm making reference to the recession, and, indeed, that is certainly something that has served to heap misery on this nation...
Philip Booth
27 January 2011
1 comment

The Government reportedly feels that its Big Society programme has stalled. It is not surprising. The coalition’s idea of the Big Society often seems to involve no more than getting a few...
Philip Booth
26 January 2011
1 comment

As Mervyn King suggested last night, the prospects for living standards in the near future are grim. Higher economic growth will help and the government should therefore pursue policies that...
Philipp Bagus
25 January 2011
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Italy, Spain, Belgium and Portugal will need to raise over $800 billion in 2011 to cover roll-over debt and new borrowing. It is unclear if the eurozone will withstand the pressure of bond markets...
Kristian Niemietz
25 January 2011
1 comment

What is ‘poverty’? It might sound a basic question but, when we hear about x percent of people ‘living in poverty’, what does that actually mean? The policy review conducted...
David Campbell
24 January 2011
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The Clean Development Mechanism (CDM) is the ‘flexible mechanism’ set up under the Kyoto Protocol to, in effect, subsidise the reduction of greenhouse gas (GHG) emissions in developing...
G. R. Steele
21 January 2011
16 comments

A member of the Bank of England’s Monetary Policy Committee believes that inflation has been driven ‘by higher food and energy costs’; and the head of the European Central Bank...
Steve Davies
20 January 2011
3 comments

The United States Presidency Centre of the Institute for the Study of the Americas (part of the University of London's School of Advanced Study) has just published the results of a survey of 47...
Kristian Niemietz
19 January 2011
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Imagine our government managed to enact policies that brought down the cost of essential goods and services in this country, resulting in a pronounced improvement in the living standards of the...
Mark Littlewood
19 January 2011
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It’s not fanciful to argue that the formation of a Liberal-Conservative coalition government last May was helped by the fact that Lib Dem and Tory parliamentarians had worked closely together...
Mark Pennington
19 January 2011
1 comment

Last month a gathering of British students, organised by the far left (did anybody count the number of Socialist Worker posters on display), trashed much of Westminster, London. In a rare admission...
David Cowan
18 January 2011
1 comment

Andrew Lansley’s Health and Social Care Bill promises the biggest top down reorganisation of the NHS since its inception. This is a consummation of the reforms that have been implemented since...
Nick Silver
18 January 2011
3 comments

Imagine a parallel universe where the money supply is determined by the performance of the England cricket team (I haven’t worked out all the details but please stay with me on this). In...
Philip Booth
18 January 2011
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Back in the 1960s, Ronald Reagan famously said there were no easy answers to the U.S.'s then growing problems, but that there were simple answers. In a way, today's Europe may resemble...
Len Shackleton
17 January 2011
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The attractiveness of the coalition to many of us was that we would get determined action to shrink the size of the state and to refocus on what government needed to do rather than perpetually...
Mark Pennington
14 January 2011
9 comments

Last month I attended a speech by Richard Thaler, of ‘Nudge’ fame. Professor Thaler is an engaging speaker. His assertion that ‘libertarian paternalism’ is merely an...
Philip Booth
14 January 2011
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Another nail was hammered in the coffin of freedom of contract today when the Government confirmed that it was scrapping what it calls the "default retirement age". The "default...
Richard Wellings
13 January 2011
21 comments

Classical liberals can point to numerous examples of robust economic growth coinciding with low taxes and light-touch regulation: Britain in the 18th and 19th centuries; the US before the 1930s;...