Economic Theory
Boris Johnson’s announcement that he is planning to rejig procurement rules to allow local authorities to support local businesses is no doubt a canny move to win votes in the North of England. But does it make sense in economic terms? It’s a clear shift leftwards into territory which the Labour Party considers its own. ... Continue reading
The Institute of Economic Affairs is delighted to announce that acclaimed US author Professor Bryan Caplan will give our 2019 Hayek Memorial Lecture. Prof Caplan is the author of The Myth of the Rational Voter – hailed as ‘the best political book of the year’ by the New York Times. His more recent book Open ... Continue reading
Lifestyle Economics
It seems unfair to call it a sweet shop. In the shopping centre north of Charlottenberg in south-western Sweden, barely four miles from Norway and less than 90 minutes’ drive from Oslo, is a candy superstore. Arrayed across 3,500 sq metres of floor space – half a football pitch – are aisle upon aisle of ... Continue reading
Fresh on the heels of last month’s suggestion that the IEA should delete books comes a new invitation from the Guardian newspaper, asking the IEA to agree that American support for advancing education about the institutions of a free society is deeply sinister and improper. These are some of the statements (note statements, not questions) made by the ... Continue reading
The IEA's Economics Fellow Julian Jessop argues for the IEA podcast this week that whilst he welcomes both the Conservative and Labour Party's supportive soundings on targeting business rates as an area in need of reform, he views the whole corporation tax system as increasingly out of date too. Julian views the Conservative Party’s plan to ... Continue reading
Society and Culture
At first glance, the assertion in this article’s headline may seem unfair. After all, aren’t anti-capitalist activists widely regarded as the most committed advocates for the “exploited countries of the Third World”? Isn’t it anti-capitalists who are particularly concerned about the fate of the poorest of the poor and who tirelessly work to increase flows ... Continue reading
Trade, Development, and Immigration
…continued from Part 1   Regulatory barriers to trade The increase in regulatory barriers to trade started following the financial crisis and the conclusion from the crude analysis of the Fraser Index data is borne out by studies from the WTO, the IMF and others. A typical non-tariff barrier to trade might be a regulation ... Continue reading
Trade, Development, and Immigration
There is no shortage of analysis, and certainly no shortage of polemic, on whether globalisation is a good thing. There is also a great deal of rhetoric about trade wars between the US and China and also the EU. However, what is actually happening when it comes to globalisation? Are we de-globalising? The problem with ... Continue reading
The Equal Pay Day campaign is has had huge success. Not in closing the gender pay gap, but in terrifying women into believing they are victims of discrimination, when often no such offense has taken place. Why would anyone want to do such a thing? A good question, and one I’ve never been able to ... Continue reading
Economic Theory
The Labour Party has set out plans “to deliver fast and free full-fibre broadband for all by bringing parts of BT into public ownership and creating a new British Broadband public service”. This is a bad idea. There is no doubt that wider availability of better broadband would be a ‘good thing’. As well as ... Continue reading