Ryan Bourne
3 June 2014
1 comment

Do you ever feel government isn’t fit for purpose? The evidence suggests you’re not alone. The EU elections saw anti-establishment parties tear chunks out of mainstream incumbents. In the...
Lars Christensen
2 June 2014

Allan Meltzer is one of the greatest economists of his generation. I have admired Meltzer since I started studying economics in the early 1990s, and his work on monetary theory has had a very...
Ryan Bourne
6 May 2014

Thomas Piketty makes some bold claims about the future of capitalism. In Capital in the Twenty-First Century, he observes that, in capitalist economies, the rate of return on capital (r) tends to be...
Philip Booth
26 September 2013

On Sunday, Pope Francis made unprepared remarks in Sardinia, a part of Italy that has been especially badly hit by the economic crisis. Specifically, he said: ‘We don’t want this...
Philip Booth
12 February 2013

Those who study Pope Benedict, who announced his retirement yesterday, have been impressed by his humanity and by his understanding of human nature. Statements he has made on the economy,...
Alberto Mingardi
20 December 2012

  A review of Why Capitalism? by Allan H. Meltzer ‘No economic system focused on property confiscation and redistribution has ever sustained both growth and personal freedom’ (...
Stephen Michael MacLean
11 October 2012

  John Meadowcroft’s recent article in defence of free markets, ‘From Big Macs to Big Brother’, begins thus: ‘One of the most important contemporary debates in...
Tom Papworth
24 August 2012
1 comment

George Monbiot has set out his cartoonish manifesto on the Guardian website. He paints a picture of ‘what the world will look like after capitalism’, beginning with this very helpful...
Steve Davies
3 July 2012

  In the late 1960s and early 1970s, at the height of the Cultural Revolution unleashed by Mao Tse Tung against his opponents in the Communist Party, China was the Mecca for a whole...
Mark Pennington
1 February 2012

The mention of public choice theory to those on ‘the left’ of politics can prompt a variety of reactions. Some are based on ignorance about the very existence of public choice economics...
Richard Wellings
19 January 2012
1 comment

Capitalism has a problem. Increasingly it is viewed as a deeply unfair system favouring a small, privileged elite at the expense of everyone else. Our politicians have been quick to join the...
Philip Booth
28 November 2011
1 comment

Last week, the IEA held a discussion on the EU. There were some prominent euro enthusiasts there, together with a large number of sceptics. I was somewhat surprised by the enthusiasm of the free-...
Kristian Niemietz
22 November 2011

BBC World’s Latin America section has provided a sympathetic review of a Bolivian documentary titled ‘¿Por que quebró McDonald’s en Bolivia?’ (Why did McDonald...
Philip Booth
8 November 2011
1 comment

It is widely expected that the Prime Minister is going to start calling for a more moral form of capitalism. I have a simple test of whether a politician is trying to debate, or avoid, tough policy...
Philip Booth
6 May 2011
1 comment

My last blog post dealt with the issue of ‘living wages for migrants’ in response to points that the Bishop of Brentwood had made in a high-profile homily. In direct contradiction to...
D. R. Myddelton
22 September 2010

In his speech this afternoon to the Liberal Democrats’ conference, the Business Secretary, Vince Cable, will assert: “ Capitalism kills competition ”.