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Philip Booth
7 February 2011
1 comment

The three main themes of Nick Clegg's speech on Friday were as follows: 1. We should have investment-led growth and not debt-led growth. 2. We should have growth balanced around the regions...
Mark Pennington
29 January 2011
3 comments

Two of my posts earlier this month (here and here) focused on the institutional implications of limited rationality. My claim was that robust institutions are those that minimise the consequence of...
Philip Booth
27 January 2011
1 comment

The Government reportedly feels that its Big Society programme has stalled. It is not surprising. The coalition’s idea of the Big Society often seems to involve no more than getting a few...
Philip Booth
26 January 2011
1 comment

As Mervyn King suggested last night, the prospects for living standards in the near future are grim. Higher economic growth will help and the government should therefore pursue policies that...
Steve Davies
20 January 2011
3 comments

The United States Presidency Centre of the Institute for the Study of the Americas (part of the University of London's School of Advanced Study) has just published the results of a survey of 47...
Mark Littlewood
19 January 2011
comments

It’s not fanciful to argue that the formation of a Liberal-Conservative coalition government last May was helped by the fact that Lib Dem and Tory parliamentarians had worked closely together...
Mark Pennington
19 January 2011
1 comment

Last month a gathering of British students, organised by the far left (did anybody count the number of Socialist Worker posters on display), trashed much of Westminster, London. In a rare admission...
Nick Silver
18 January 2011
3 comments

Imagine a parallel universe where the money supply is determined by the performance of the England cricket team (I haven’t worked out all the details but please stay with me on this). In...
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...