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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
comments

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...
Philip Booth
8 April 2011
1 comment

This is the first of two blog posts that summarise some of the discussion that took place at an IEA seminar on EU competition policy with particular reference to Intel. The next post will deal with...
Mark Pennington
7 April 2011
7 comments

Jurgen Habermas is one of the most influential political philosophers of the last fifty years. Though he has now, thankfully, abandoned the neo-Marxism of his early career, his theory of ‘...
Kristian Niemietz
31 March 2011
1 comment

In providing a pseudo-rationalisation for last Saturday’s march against mathematics, the Guardian has assembled a video documenting a variety of supposed ‘alternatives’. The ideas...
Mark Pennington
29 March 2011
6 comments

Classical liberals claim that theories of justice must be judged by their practical capacity to facilitate positive sum games in society and to eliminate scope for the exercise of inconsistent and...
Richard Wellings
25 March 2011
comments

They were warned. In the late 1990s, eminent economists queued up to explain the flaws in the euro project. Chief among them was Nobel Prize winner Milton Friedman, who in 1999 – the year the...
Nick Hayns
24 March 2011
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Next week sees the launch of the inaugural Liberty League conference, co-hosted by the IEA and the Freedom Association. The conference takes place from April 1 to 3 at the Birmingham and Midland...
Terry Arthur
22 March 2011
1 comment

Bribery and corruption are back in the news, with a new Bribery Act coming into force next month. But what exactly is bribery or corruption? In a recent article in the Daily Telegraph the head of...
Ruth Porter
17 March 2011
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During the Big Society discussions, the sight of some Conservatives running scared from the idea that the best way of responding to problems is a messy patchwork of responses has been deeply...
Mark Pennington
16 March 2011
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Events in the Middle East and concern over the likely impact of democratic change in the region on the prospects for peace with Israel, and beyond, raise important questions about the...
Kristian Niemietz
15 March 2011
5 comments

One of our recent guest speakers criticised the IEA for misrepresenting the message of the influential book The Spirit Level. He referred to an IEA invite which read: ‘many amongst the left...
Cliff Pratten
10 March 2011
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It is difficult to argue against the view that with assets about thirty times their capital in 2007, UK banks were under capitalised, but papers written at the Bank of England go far beyond making...