Blog

Search

Steven Kates
14 May 2014
2 comments

I am reading the Economist and Financial Times 2013 book of the year, Stephen D. King's When the Money Runs Out: The End of Western Affluence. From its pages I can certainly see what the latest...
Steve Davies
6 December 2013
1 comment

  The Chancellor's Autumn Statement certainly contained some good news - but not enough to justify the self-congratulation that we saw, given continued concerns about how well founded the...
Steven Kates
25 April 2013
14 comments

I was given a copy of John Kenneth Galbraith's 1975 treatise which goes by the name of Money: Whence it Came, Where it Went. And there on pages 218-19 we find this: ‘Until Keynes, Say...
Mark Littlewood
12 March 2013
3 comments

British Chancellor George Osborne and United Kingdom Prime Minister David Cameron received a timely reminder today that their tough-sounding rhetoric about getting the nation's public finances...
G. R. Steele
30 October 2012
comments

One estimate (from the Olympic Delivery Authority) for the overall ‘Public Sector Funding Package’ for the London 2012 Olympic Games, placed it in the region of £10...
Richard Wellings
22 August 2012
4 comments

Relying on growth was always going to be a risky strategy. Yet a healthy recovery, with robust GDP increases of 2%-plus, formed the core of the government’s deficit reduction plan. In this...
Philip Booth
20 February 2012
7 comments

Recent US growth figures seem to have re-energised naive Keynesians who, lacking any real evidence or credible prior theory for their case, leap upon anything that can justify policies that involve...
Philip Booth
15 February 2012
5 comments

The UK has been put on a credit-rating downgrade watch. This is not surprising, but one wonders whether Moody’s is focusing on the right issues. In particular, Moody’s cited the lack of...
Steve Davies
3 January 2012
4 comments

  A lot of people are looking to economic history for help in understanding the current economic situation. Most attention is being paid to the Great Depression of the 1930s, with a slew of...
Philip Booth
6 December 2011
1 comment

Thirty years ago, the economics profession was dominated by naive Keynesians. The author of the standard textbook at the time, used by the majority of A-level students and first-year undergraduates...
Paul Ormerod
9 November 2011
comments

To many people, this phrase is an oxymoron. How can fiscal contraction be expansionary? But the evidence suggests that this is exactly what has been happening in the United States. In terms of...
Terry Arthur
2 November 2011
4 comments

‘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...
Kristian Niemietz
31 October 2011
comments

The New Economics Foundation (NEF) has earned itself a reputation as the sworn enemy of economic growth and consumption. In blending neo-Malthusian resource alarmism with relentless nagging about...
Philip Booth
10 August 2011
4 comments

Politicians cannot stop trying to design the economy. In this respect they have a hugely over-inflated sense of their own abilities. Gordon Brown, of course, was an impulsive meddler – he...
Kristian Niemietz
5 August 2011
2 comments

Objections to large material inequalities are probably as old as mankind itself. In numerous ancient legends and folk tales, the downfall of a key character is related to possessions and greed. So...
Kristian Niemietz
27 July 2011
1 comment

This year’s issue of the United Nations’ annual World Economic and Social Survey, titled The Great Green Technological Transformation, is an assemblage of all the trendy green...
Patrick Minford
20 July 2011
comments

Traditionally the economic discussion of tax structure and public spending has looked at the impact on the economy’s efficiency in using resources. However recently there has been increasing...
Nick Hayns
12 July 2011
3 comments

‘Support for UK cuts plummets’ screams a hyperbolic headline in today’s Financial Times. It relates to a poll carried out by the FT and Harris. Let us put aside the question as to...
Mark Littlewood
7 June 2011
comments

The Chancellor is right to stick to his guns on deficit reduction. The dividing line in the debate is between those who believe that spending more on the bloated public sector would assist with the...
Kristian Niemietz
15 March 2011
5 comments

One of our recent guest speakers criticised the IEA for misrepresenting the message of the influential book The Spirit Level. He referred to an IEA invite which read: ‘many amongst the left...