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Steve Davies
2 December 2010
2 comments

Yesterday Will Hutton published the initial results of the enquiry he has been conducting on the government’s behalf into pay differentials and levels of remuneration for senior managers...
Philip Booth
2 December 2010
comments

A few weeks ago, the IEA published an in-depth study of Fair Trade, Fair Trade Without the Froth. The Hilton/Cameron-rebranded Conservative Party likes Fair Trade and there are good reasons why it...
Richard Wellings
1 December 2010
7 comments

When Transport Secretary Philip Hammond announced last week that the government would procede with three big rail projects – High Speed 2, Crossrail and Thameslink – it was a bit like a...
David Campbell
1 December 2010
comments

Nothing could be more different from the atmosphere of the Copenhagen climate change conference than the atmosphere in which the Cancun conference is being conducted. Last year’s hope of...
Philip Booth
30 November 2010
comments

Polly Toynbee has argued recently that the explicit pursuit of wellbeing by government would lead to policy choices that were diametrically opposed to those desired by Cameron and Osborne. In...
Kristian Niemietz
30 November 2010
comments

There are lies, damned lies, and, the saying goes, statistics. And then there are statistical claims made by Polly Toynbee. Toynbee embraces the government’s plan to publish figures on the...
G. R. Steele
29 November 2010
1 comment

In the 1920s, the UK economy was deflated as a prelude to the restoration of the gold standard. The Chancellor responsible was Winston S. Churchill. In opposing that policy, John Maynard Keynes...
Philip Booth
26 November 2010
comments

David Willetts defended the government’s decision to spend my money finding out what makes me happy in The Times today (subscription required). He said it was not about creating a nanny ...
Mark Littlewood
25 November 2010
comments

If you think there really is a big idea behind the Big Society, then you agree with the unlikely pairing of Jon Cruddas (Lab, Dagenham) and Jesse Norman (Con, Hereford). The latter’s new book...
John Whittaker
24 November 2010
comments

There does not seem to have been much confidence, even at the Fed, that its latest round of quantitative easing would do much good. Rather, the Fed’s motivation comes across as a desire to be...
Philip Booth
23 November 2010
1 comment

Europe is trapped in a cycle where debt is being passed round and round in circles – the banks are bust so the Irish government bails them out; the Irish government’s debt is owned by...
D. R. Myddelton
23 November 2010
2 comments

The Irish people voted “No” both to the EU’s Nice Treaty and to the Lisbon Treaty. That is, they voted “No” the first time round. When their arms were twisted, in each...
Holger Zemanek
22 November 2010
9 comments

The Irish bailout shows that Greece was just the first act of the ongoing euro crisis. It is now almost certain that Ireland will accept an EU/IMF rescue package to calm down...
Len Shackleton
19 November 2010
comments

A big fanfare this week for the employment and unemployment data from the Office of National Statistics. Overall unemployment fell slightly – good news – but the headlines...
G. R. Steele
19 November 2010
2 comments

As one set of economists warns that rapid debt reduction is likely to plunge the economy into deep recession, another set argues that debt reduction is essential to restore financial stability and...
Philip Booth
18 November 2010
3 comments

David Blanchflower has once again suggested that we would not need to worry about austerity if only we allowed price inflation of 5% for a few years. Let us ignore the moral issues of whether...
Kristian Niemietz
17 November 2010
1 comment

In a radio debate with Mark Littlewood, Adrian Sinfield, Professor Emeritus of Social Policy at the University of Edinburgh, was critical of IEA proposals to replace the...
Paul Ormerod
16 November 2010
5 comments

Economists have known for a long time that GDP is an imperfect measure of the overall well-being of a country. In fact, no-one has stated this more clearly than Simon Kuznets, the founding father of...
Philip Booth
15 November 2010
5 comments

Trade economics is a complex subject, especially when you bring in the capital flows side of things. Reflecting on his recent visit to China, David Cameron said that he believed strongly...
Mark Littlewood
14 November 2010
1 comment

Iain Duncan Smith deserves credit for fully understanding the nature and scale of the welfare problem. But that’s the easy bit. Finding a solution with the right balance of carrot and stick...

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