Daniel J. D'Amico
1 December 2013

The title and cover art for Peter Boettke's latest book Living Economics: Yesterday, Today and Tomorrow are no doubt symbolic of economic theory as a field of study, and also the history of...
Philip Booth
29 November 2013

In a recent conference held at the IEA, there was much discussion of the Great Recession. How can we interpret the recent recession and how can George Osborne’s Autumn Statement help us get out...
Philip Booth
28 November 2013

In recent weeks, there has been much fuss created by a group of students – supported it would seem by the Guardian and by people such as Ha-Joon Chang – who are complaining about their...
G. R. Steele
4 March 2013

Keynesian economists have an enduring disposition to spend their way out of trouble. This is so even when overspending has caused the trouble. Gone are the days when expenditure and taxation were...
G. R. Steele
14 January 2013

A review of Keynes Hayek: The Clash That Defined Modern Economics by Nicholas Wapshott. As the Luftwaffe targeted culturally-rich cities in 1942, two economists took their turn in fire-watching...
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...
Tom Papworth
4 October 2011
1 comment

The Chancellor of the Exchequer has announced his latest strategy for rescuing the UK economy, in the form of ‘credit easing’. Credit easing is the equally evil twin of...
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...
G. R. Steele
21 February 2011
1 comment

While the full complexity of an economic cycle can never be gauged, economists point to many contributory factors, each with its tinge of plausibility; but every recession, recovery, over-extension...
Philipp Bagus
25 January 2011

Italy, Spain, Belgium and Portugal will need to raise over $800 billion in 2011 to cover roll-over debt and new borrowing. It is unclear if the eurozone will withstand the pressure of bond markets...
G. R. Steele
10 December 2010

Mervyn King has been criticised for crossing a line which separates monetary policy (the Bank’s remit) and fiscal policy (the Treasury’s remit). That line is imaginary: a legacy of...
Richard Wellings
1 December 2010

When Transport Secretary Philip Hammond announced last week that the government would procede with three big rail projects – High Speed 2, Crossrail and Thameslink – it was a bit like a...
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...
Bruno Prior
18 October 2010

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...
Nick Silver
15 September 2010

I suspect that I am less of a disciple of the Austrian School of economics than many readers and many of the other writers on this blog. However, a recent game of cards has changed my mind.
Eamonn Butler and Philip Booth
22 July 2010

Philip Booth interviews Eamonn Butler, author of Ludwig von Mises – A Primer.    
Andre Johnston Phijuntjitr
6 July 2010

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...
Richard Wellings
12 June 2010
1 comment

●  Mark Littlewood discusses cutting public spending on BBC Newsnight (video).   ●  Philip Booth critiques the coalition’s plans on pensions.   ●  James...
Andre Johnston Phijuntjitr
9 June 2010

A trillion here, 500 billion there - it seems no amount is too much when the authorities want to fix a perforated economy. Keeping an economy on life support through extensive...
Anthony J. Evans
25 May 2010

Last month the FT’s Martin Wolf asked a simple question, “Does Austrian economics understand financial crises better than other schools of thought?” After admitting that neo-...

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