Philip Booth
6 December 2011
1 comment

Thirty years ago, the economics profession was dominated by naive Keynesians. The author of the standard textbook at the time, used by the majority of A-level students and first-year undergraduates...
Len Shackleton
2 December 2011
1 comment

Despite the increasingly worrying position of the public finances, the urge to spend more appears to be hardwired into politicians and can be resisted only with the greatest of exertions. One area...
Kristian Niemietz
1 December 2011
1 comment

‘Britain’s poorest families have been abandoned today and left to face the worst’, goes the opening line of the Child Poverty Action Group’s (CPAG) response to the...
Richard Wellings
30 November 2011

The Autumn Statement showed that George Osborne has failed to grasp the gravity of the economic crisis facing the UK. Urgent action was needed to brace the economy for double-dip recession and the...
Stephen Michael MacLean
25 November 2011

Students of public choice theory will recognise the rationale behind the Canadian government’s recent effort to cut waste. In response to an access-to-information request, the Treasury...
Paul Ormerod
9 November 2011

To many people, this phrase is an oxymoron. How can fiscal contraction be expansionary? But the evidence suggests that this is exactly what has been happening in the United States. In terms of...
Kristian Niemietz
7 November 2011

A group of American conservatives have set up an initiative called 'We are the 53%', echoing the Occupy movement's 'We are the 99%' slogan. The name is an allusion to the fact...
Alberto Mingardi
4 November 2011

The European debt crisis is bringing Italy into uncharted waters. With an over-400 basis point spread between Italian bonds and German bunds, a 1,900 billion euro public debt, and zero growth...
James Stanfield
3 November 2011

The recent call to cap the number of charity shops on Britain's high streets sheds light on some of the hidden costs and unintended consequences of charitable giving and the fact that too much...
Terry Arthur
2 November 2011

‘Britain is today experiencing the longest period of sustained economic growth since records began in 1701.’ Gordon Brown, Budget Speech, 16th March 2005 Economic growth, or just...
Kristian Niemietz
31 October 2011

The New Economics Foundation (NEF) has earned itself a reputation as the sworn enemy of economic growth and consumption. In blending neo-Malthusian resource alarmism with relentless nagging about...
Philip Booth
26 October 2011

Since fox-hunting became illegal, banker bashing has become a new blood sport. Not only is the typical banker portrayed as being greedy, much of what he produces is said to be ‘socially...
Steve Davies
25 October 2011

Economists notoriously disagree about many things. Trade policy however is an exception. Famously, this is an area of agreement on both theoretical analysis and policy prescription. Such near...
Mark Littlewood
21 October 2011

  A year has now passed since the government published the results of its Comprehensive Spending Review. Brazenly, Danny Alexander, Chief Secretary to the Treasury, has marked the...
Mark Pennington
19 October 2011

Amartya Sen is a great economist and social philosopher whose willingness to recognise a central role for market institutions in securing economic development and individual freedom shows...
Kristian Niemietz
18 October 2011

Successful political movements emerge when people with diverging aims can be persuaded that they are really on the same side, that their aims are just different aspects of the same broader cause....
Nick Silver
10 October 2011

  The Treasury has recently published Whole of Government Accounts (WGAs), which for the first time include an estimate of the UK’s actual debt, including pension liabilities. Firstly...
Philip Booth
16 September 2011

Guido Fawkes reported recently that Polly Toynbee told the Edinburgh Book Show that left-wing people were both more intelligent and generally better people than others. Presumably by this...
Peter King
5 September 2011
1 comment

  One of the arguments used by the pro-AV campaign in the early spring was that a positive vote to change the electoral system would signal that there was a progressive majority in the...
Terry Arthur
31 August 2011

‘The fundamental principles of mercantilism and neo-mercantilism are: direction of economic life by the authorities; the belief that money is wealth; exports are better than imports (thus...