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Jamie Whyte
4 August 2011
8 comments

Jamie Whyte is the Head of Research and Publications at Oliver Wyman, a strategy consulting firm specialising in the financial services industry. This is his opening statement from the Keynes vs...
Mark Pennington
3 August 2011
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My first post on 23 Things They Don’t Tell You About Capitalism addressed Ha Joon Chang’s dubious debating tactics when discussing ‘free market economics’. I turn now to...
Mark Pennington
28 July 2011
1 comment

Professor Ha Joon Chang has become something of a hero to those who champion heterodox economic theory and who rail against the supposed intellectual hegemony of ‘neo-liberalism’. In a...
Kristian Niemietz
27 July 2011
1 comment

This year’s issue of the United Nations’ annual World Economic and Social Survey, titled The Great Green Technological Transformation, is an assemblage of all the trendy green...
Stephen Michael MacLean
25 July 2011
4 comments

Negotiations in Washington are providing an instructive lesson in political economy as both parties haggle over terms for raising the debt ceiling (currently at $14.3 trillion, to be hit on 2nd...
Paul Robinson
22 July 2011
4 comments

With Britain currently fighting two wars, many commentators are claiming that the cuts in defence spending envisioned in the Strategic Defence and Security Review (SDSR) should be cancelled. There...
Kristian Niemietz
21 July 2011
8 comments

‘Absolute bloody idiots’, ‘insane ramblings of an extremist group’, ‘this insanity belongs in the bin’, ‘makes me wonder what these educated idiots who...
Nigel Hawkins
15 July 2011
1 comment

In recent decades, the IEA has been in the vanguard of those advocating widespread privatisation. This stance bore fruit during the 18 years of Conservative Government (1979-97) when large...
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...
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...
Mark Pennington
8 July 2011
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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 Pennington
29 June 2011
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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...
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...
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...
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...
G. R. Steele
16 June 2011
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State infrastructure projects may be funded by private capital through PFI (private finance initiative) contracts.This week, BBC Radio’s File on Four put great effort into addressing the...
Steven Kates
14 June 2011
3 comments

After writing ‘you cannot make an economy grow through public spending’ I received this touching statement of Keynesian faith in response: ‘In terms of a contribution to GDP...
Mark Littlewood
7 June 2011
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The Chancellor is right to stick to his guns on deficit reduction. The dividing line in the debate is between those who believe that spending more on the bloated public sector would assist with the...