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Philip Booth
10 May 2016
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Yesterday, 355 economists signed a letter co-ordinated by Oxfam arguing that tax havens have “no useful purpose”. There are some luminaries among the signatories. Angus Deaton, winner of...
Philip Booth
21 April 2016
9 comments

The government is currently considering responses to a submission on whether it should take action on ticket touts. We do not live in an under-regulated country and it does not seem to me that the...
Philip Booth
19 April 2016
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The City is split when it comes to Brexit. Certainly, the larger City institutions with significant EU business tend to side with Remain. However, smaller companies and those with a more global...
Philip Booth
6 April 2016
4 comments

Benjamin Wrench recently wrote a paper titled Risk and Reward: why the EU separates risk from reward and what this means for the City. This blog post is a rough transcript of Prof Booth’s...
Philip Booth
22 March 2016
2 comments

Mariana Mazzucato is a well-known Professor of the Economics of Innovation at the University of Sussex. She advises the Labour Party and can be seen here, close to Dilma Rousseff, after having been...
Philip Booth
21 March 2016
2 comments

I have nothing to say either in support of or in opposition to the resignation of Iain Duncan Smith. There are so many issues tied up in the debate about this decision that it seems perfectly...
Philip Booth
9 March 2016
2 comments

So far, the Brexit debate has hardly been inspiring. The Remain side has struggled to come out with facts that resonate with the public and that are also accurate. The Brexit side is split: some...
Philip Booth and Diego Zuluaga
29 February 2016
2 comments

The subsidiary principle is a well-established notion in Catholic social teaching. It was also intended to be a core principle of the 1992 Maastricht Treaty. Subsidiarity is commonly taken to mean...
Philip Booth
4 February 2016
4 comments

Before the financial crash of 2008, it was common for Conservatives to say: “the 1980s was when we put the economy right; now we have to maximise ‘national wellbeing’, reduce carbon...
Philip Booth
25 January 2016
3 comments

Recently, Ian King, in The Times, highlighted the lunacy of Transport for London’s statement about profits from London Underground: “We don’t make a profit because we reinvest all...
Philip Booth
22 January 2016
1 comment

Whenever something does not work properly, we demand a “fat controller” to sort it out – especially when it comes to trains. Sure, there are many aspects of our transport system...
Philip Booth
5 January 2016
3 comments

Whether you are a green activist or a poverty campaigner, energy policy under the Thatcher-Major-Blair governments was a striking success. Between 1990 and 1999, prices for domestic consumers fell by...
Philip Booth
18 December 2015
1 comment

Pope Francis has frequently described the present global financial system as an “economy that kills”. He often specifically criticises speculation on food prices. Addressing the UN this...
Philip Booth
15 December 2015
2 comments

The world often seems to be scared of deflation and, arguably, this creates an asymmetric bias towards inflation. For example, at the beginning of the 21st century, after the dotcom crash, there was...
Philip Booth
8 December 2015
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The Good Right’s Good Press Tim Montgomerie’s “The Good Right” certainly gets a good press. Like, for example, the fair trade movement, nobody can argue that they made a hash...
Philip Booth
5 November 2015
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Supra-national authorities, such as the EU, should do two things. They should restrain governments from over-stepping their natural authority. Second, they should provide ‘public goods’...
Philip Booth
4 November 2015
2 comments

From 4th to 7th October 2015, the IEA co-hosted the Think Tent event series at the Conservative Party conference in Manchester. The IEA’s Philip Booth took part in a panel entitled Should the...
Philip Booth
29 October 2015
4 comments

One of the most dangerous myths that pervades the political debate today is the idea that “neo-liberalism”, as the left describe it, has a stranglehold over economic policy. Certainly, if...
Philip Booth
26 October 2015
1 comment

The corporate tax system is currently under attack from the EU and the OECD. In principle, this is not a bad thing because the corporate tax system is flawed. However, the EU and the OECD do not wish...
Philip Booth
8 October 2015
1 comment

Nicky Morgan wrote an article on Conservative Home a week ago which revealed the true colours of modern feminism. The article is based on a great deal of economic ignorance and a hyper-materialistic...