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Philip Booth
2 June 2016
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On 12 May, Together for the Common Good hosted a debate between Prof Philip Booth and Maurice Glasman at St. Michael’s Cornhill. The article below is based on Prof Booth’s presentation....
Kristian Niemietz
27 May 2016
1 comment

I’ve got an idea for an alternative history novel, an alternate timeline in which the fall of the Berlin Wall never happens. (It’s been done before, but, I’d argue, not that well.)...
Thomas Carter
26 May 2016
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The BBC Charter is currently under consultation for renewal, so it’s an ideal time to consider if a license fee funded public service broadcaster is necessary or beneficial to modern Britain....
Christopher Snowdon
25 May 2016
2 comments

As a new report from the Institute of Economic Affairs explains this week, the tale we are told about inequality in Britain is more fiction than fact. Again and again it is claimed that the UK...
Robert P. Murphy
23 May 2016
3 comments

Several anticapitalist slogans riff on the contrast between people and profit, and nobody thinks John Lennon’s song “Power to the People” is a plea for unbridled laissez-faire. Even...
Ryan Bourne
28 April 2016
1 comment

Today, the IEA publishes ‘In Focus: The Case for Privatising the BBC’. My chapter examined instances of bias in BBC coverage. In that essay, I readily admit that all broadcasters are...
Steve Davies
27 April 2016
5 comments

To the non-economist, all goods and services are the same in terms of their basic nature, however much they vary in superficial details. Economists, however, have known for a long time that this is...
Diego Zuluaga
25 April 2016
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At the end of last year, the IEA published Forever contemporary, its monograph commemorating the life and intellectual legacy of Ronald Coase. The shadow of this longest-lived of Economics Nobel...
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...
Razeen Sally
15 April 2016
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“Social market economy” is a vague slogan in European political debate. The term originated in Germany. But what does it really mean? Most people think it means a mixed economy, combining...
Sarah Skwire
11 April 2016
3 comments

In the 1920s, the average housewife spent about 11.5 hours per week on laundry and ironing. By 1965, that had dropped to just under 7 hours. In 2014, that average housewife (and her spouse...
Philippe Legrain
7 April 2016
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It is normal to feel sympathy for the 15,000 employees of Tata Steel who are set to lose their jobs if the Indian company cannot find a buyer for its heavily lossmaking UK operations. “This...
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...
Vicky Pryce
15 March 2016
3 comments

Economics teaches us that prisons do not work. Crime costs the UK economy hundreds of millions of pounds every year and prisons have a minimal impact on crime. Prisons do not act as a deterrent to...
David Skarbek
14 March 2016
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With the exception of Vicky Pryce, few economists will ever step foot in prison. Most will never study crime and punishment in any form. Instead, the vast amount of research on the topic is conducted...
Corey Iacono
26 February 2016
4 comments

Bernie Sanders has single-handedly brought the term “democratic socialism” into the contemporary American political lexicon and shaken millions of Millennials out of their apathy towards...
Len Shackleton
17 February 2016
3 comments

The ticket price row at Liverpool is only the latest squabble about the cost of attending football matches. The new £5bn-plus TV deal guaranteeing Premier League teams huge increases...
James Knight
12 February 2016
3 comments

Regular readers of economics will know that despite common myths to the contrary, the reality is there isn't much of an unfair pay gap between genders. As the economy has become more service-...
Ryan Murphy
10 February 2016
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One of capitalism’s supposed many flaws is the pointlessness and wastefulness of so much of the spending by the rich. Not only do many people believe that the resources devoted to building...
Michael Munger
5 February 2016
2 comments

There have been two enormous "revolutions" in human history. The first was the Neolithic, or the wide scale switch from a nomadic hunter-gatherer lifestyle to fixed agriculture. The second...