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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...
Mark Pennington
6 June 2011
2 comments

I haven’t been able to post for the last week or so owing to my lecturing on the Institute for Humane Studies Liberty and Society Summer Seminars (i’m currently between seminars). Last...
Mark Pennington
18 May 2011
1 comment

In this final round of the H versus H contest I want to question the claim that communication in markets is ‘distorted’ by ‘money power’. According to this Habermasian...
Philip Booth
17 May 2011
2 comments

A couple of weeks ago, I went for a walk in Ashdown Forest. I followed the instructions perfectly and everything seemed consistent with the map. However, clearly something was wrong and, instead of...
Sir Alan Peacock
10 May 2011
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I published my first book in 1951 – 60 years ago! It argued for the amalgamation of finance of national insurance with the direct tax system. It got a certain amount of notoriety but did not...
Kristian Niemietz
9 May 2011
3 comments

I recently gave a talk at the Libertarian Alliance entitled ‘Spirit Level Egalitarianism, Happiness Economics and Steady State Economics’. When asked where the Spirit Level debate was...
Philip Booth
6 May 2011
1 comment

My last blog post dealt with the issue of ‘living wages for migrants’ in response to points that the Bishop of Brentwood had made in a high-profile homily. In direct contradiction to...
Philip Booth
5 May 2011
1 comment

The Bishop of Brentwood made the headlines yesterday for saying in a homily at a Mass that it was a scandal the migrants were exploited by being required to work for low levels of pay and that...
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...
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...
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
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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
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
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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...