Ryan Bourne
12 February 2015

‘Dear chief secretary, I’m afraid to tell you there’s no money left’. That twelve-word note left in the Treasury from Liam Byrne, Labour’s former Chief Secretary to the...
Ryan Bourne
20 January 2015
1 comment

One of the insights of the Public Choice School of economics is that voting groups with more homogenous interests will have much more influence on the political process than those with more diffuse...
Christopher J. Coyne and Rachel L. Coyne
5 January 2015

Many associate markets with self-interest and greed whilst associating politics with other-regarding, publicly-interested behaviour. Perhaps nowhere is this view more prevalent than in the speeches...
John Burton
2 September 2014

One of the most important controversies generated by the Scottish independence debate relates to the continuation (or not) of the present sterling zone between Scotland and the rest of the UK (rUK),...
Alex Robson
9 May 2014

Gary Becker was one of the giants of economics. During his lifetime his contribution to the profession remained unsurpassed - and it will probably stay that way for a very long time.  Becker...
Stephen Michael MacLean
8 November 2013
1 comment

Telegraph blogger Tom Chivers has no qualms that ‘the three “mainstream” parties... are all essentially the same.’ As he writes, ‘The mainstream parties have...
Philip Booth
7 February 2013
1 comment

  James Buchanan pointed out that the problem with much policy-related economics is that it assumes one type of human person in the market place (the imperfectible human being generally...
John Meadowcroft
21 January 2013

An important component of the argument of F. A. Hayek's The Road to Serfdom is that those people likely to derive utility from directing and ordering others will come to occupy the positions at...
Kristian Niemietz
8 January 2013

Anyone who has ever read half a page in a Public Choice textbook will, if nothing else, at least have taken the following insight on board: if the benefits of a policy are tangible and concentrated...
Stephen Michael MacLean
27 June 2011

Public choice theory - the application of economics to politics - is inspired by classical liberal principles of free markets and limited government. With its focus on government depredations on...