Blog

Search

Mark Pennington
14 January 2011
9 comments

Last month I attended a speech by Richard Thaler, of ‘Nudge’ fame. Professor Thaler is an engaging speaker. His assertion that ‘libertarian paternalism’ is merely an...
Richard Wellings
13 January 2011
21 comments

Classical liberals can point to numerous examples of robust economic growth coinciding with low taxes and light-touch regulation: Britain in the 18th and 19th centuries; the US before the 1930s;...
Ruth Porter
12 January 2011
comments

The latest edition of the Index of Economic Freedom has just been published, and for the second year in a row the UK has slipped down the rankings. Now with a score of only 74.5, two points...
Kristian Niemietz
12 January 2011
35 comments

Imagine Jean-Jacques Rousseau, Thomas Malthus, Karl Marx and Saddam Hussein were meeting somewhere in the afterlife, deciding to write a joint policy paper. Difficult to imagine? Not at all. The...
Mark Pennington
10 January 2011
7 comments

At the core of my new book, Robust Political Economy: Classical Liberalism and the Future of Public Policy, is a very basic but oft neglected idea – ‘failure’ is endemic to all...
Steven Kates
7 January 2011
8 comments

The recent decisions to retain the ‘Bush tax cuts’ in the United States and to withdraw the trillion-dollar-plus expenditure bill from the American Senate before it was even put to a...
Tim Congdon
3 January 2011
1 comment

Since the financial crisis began in autumn 2007 with the Northern Rock fiasco, a consensus narrative has developed. The central theme is that the crisis is to be blamed not on monetary mismanagement...
Steven Kates
21 December 2010
comments

The Social Network is a wonderfully entertaining film. It may also be – and if it is, it will only have been by accident – the most pro-market film ever produced. The film tells the...
Steve Davies
16 December 2010
4 comments

A common observation, usually made with a sneer, is that economists know the price of everything and the value of nothing. Thus is anyone who brings economic thinking to bear damned as a heartless...
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 ...
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...
Bruno Prior
18 October 2010
18 comments

The purpose of markets is to discover the clearing price at which supply and demand balance. Demand is not simply what people want, but what they choose to put their scarce resources towards in...
Kevin Dowd
18 October 2010
10 comments

One of the most important issues in the ongoing economic controversy is whether the crisis is due to a “failure of capitalism”. What both sides of this argument often overlook, however,...
Robert Wenzel
13 October 2010
comments

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2010 was awarded jointly to Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides. Diamond, 70, is an economist...
Eamonn Butler and Philip Booth
22 July 2010
3 comments

Philip Booth interviews Eamonn Butler, author of Ludwig von Mises – A Primer.    
Kristian Niemietz
15 July 2010
2 comments

In the early 1960s, Chicago economist Milton Friedman travelled to Hong Kong to meet Sir John Cowperthwaite, the colony’s Financial Secretary. The economic development of Hong Kong had aroused...
Andre Johnston Phijuntjitr
6 July 2010
2 comments

It has become increasingly clear that interventionism played a significant role in precipitating the 2008 financial crisis. The Austrian School is more than capable of providing the...
Charles K. Rowley
2 July 2010
12 comments

For those too young to remember, the mid-1970s witnessed the first demise of Keynesian economics as the much-worshipped Phillips Curve turned positive in depicting the relationship between the rate...
Terry Arthur
16 June 2010
1 comment

" You’re gouging on your prices If you charge more than the rest But it’s unfair competition If you think you can charge less! A second point that we would make, To help...