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D.R. Myddelton
2 March 2015
2 comments

Most people in this country have probably never heard of The Forgotten Depression, the title of a new book by James Grant. Unlike the Great Depression which started in 1929 and lasted until 1941 (in...
David Henderson
26 February 2015
1 comment

Better days at the FT In an earlier piece (7 January), I criticised staffers at the Financial Times (FT) for persistently quoting misleading figures for the GDP of a range of developing countries. In...
Steve Davies
25 February 2015
4 comments

One of the recurring features of what we may call ‘popular economics’ in this country is the hostility to ticket touts. For most of the public they rank close to the bottom of social...
Philip Booth
19 February 2015
1 comment

In response to an article for The Tablet on Oxfam’s wealth inequality figures, Mr Fuentes-Nieva, Head of Research at Oxfam, makes some counterpoints in a letter to The Tablet (also repeated in...
Philip Booth and Ryan Bourne
9 February 2015
1 comment

In a recent CapX article, Tim Montgomerie sought to outline ‘10 things that capitalism needs but cannot provide’. There was much to agree with in his article, but we are puzzled by his...
Anthony J. Evans
4 February 2015
5 comments

In a recent article in the Financial Times, Tim Harford retells a classic source of argument amongst economists: ‘Imagine that you have a free ticket (which you cannot resell) to see Radiohead...
Mikko Arevuo
22 January 2015
3 comments

Ever since James Watt was awarded a patent for the improvements he made to the Newcomen steam engine in January 1769, economists and libertarians have been divided over intellectual property rights (...
Ryan Bourne
13 January 2015
6 comments

A lie, repeated often, becomes the truth in the public mind. That’s why, when a Fox News commentator suggests that Birmingham is a “Muslim-only city”, we feel it important to set...
David Henderson
7 January 2015
comments

The Financial Times has long been a continuing source of misleading statements about the relative size of the economies of different countries, as given by their real GDP - i.e. their output of goods...
Christopher J. Coyne and Rachel L. Coyne
5 January 2015
comments

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...
Christopher Snowdon
23 December 2014
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In my new IEA monograph Selfishness, Greed and Capitalism, I discuss some of the most common straw men and myths about free-market capitalism. Some ideological disputes cannot be settled by evidence...
Kristian Niemietz
22 December 2014
1 comment

The 2004 film Saw was a fine horror movie, which immediately became a minor genre classic. In an ideal world, the makers of the movie would have left it there, and moved on to something else....
Ryan Bourne
20 December 2014
3 comments

No, I haven’t morphed into the Grinch. But given I work for an economics think-tank, this subject inevitably led to some heated debate among our colleagues at the staff Christmas party earlier...
Steven Kates
17 November 2014
2 comments

In my view, Say’s Law may be the single most important principle in economics. But it is a principle that was deliberately eliminated from within mainstream economic theory by John Maynard...
Eamonn Butler
6 November 2014
1 comment

It is sad to report the death of Gordon Tullock. He was a friend, likeable and respected as a great economist – even though he had no degree in economics. He came, rather, from a public...
Ryan Bourne
4 November 2014
comments

‘Never let a serious crisis go to waste’, concluded Rahm Emanuel, Barack Obama’s ex-chief of staff. For our political commentators, a more accurate phrase might be ‘never let...
Ryan Bourne
21 October 2014
2 comments

Forget political polls and voting intentions. The most important survey of recent months came from Pew Research on the attitudes of populations worldwide to capitalism and inequality. As many Western...
John H. Cochrane
13 October 2014
2 comments

The FT's Martin Wolf weighs in on ‘Why inequality is such a drag on economies’. This is the question that was bugging me last week. Why is inequality a problem in and of itself,...
Steven Kates
8 October 2014
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The text of the first edition of Free Market Economics: An Introduction for the General Reader was written in a kind of white heat over twelve weeks during the first months of the worldwide...
Christopher Snowdon
16 September 2014
1 comment

The economist Julian Simon once wrote that ‘the economic study of advertising is not deserving of great attention’, ruefully adding that ‘this is not a congenial point at which to...