IEA Blog

A new report by the OECD, Growing Unequal? Income Distribution and Poverty in OECD Countries, warns: “Poverty is rising in … Continue reading “Is poverty rising in OECD countries?”

Sir – Marx’s theory of the crises of capitalism is little more than a melodramatic description of the business cycle … Continue reading “Marx was wrong in every important respect”

Men working full-time currently earn about 17% more per hour than women working full-time. This gender pay gap is widely … Continue reading “Should we mind the gap?”

Today, the government of Argentina will announce the annulment of the country’s private pension system introduced in 1994. The savings … Continue reading “The government of Argentina expropriates workers’ pension funds”

This is the best non-partisan short book on “Thatcherism” and the 1979-1990 era to have appeared to date. It is … Continue reading “Book review: The Politics of the Thatcher Revolution by Geoffrey K. Fry”

The present financial crisis illustrates clearly the fundamental importance of institutional structure to the satisfactory operation of a market economy. … Continue reading “The financial crisis and the economics of institutions”

Several bloggers, including Guido Fawkes, have rightly emphasised the relevance of Ludwig von Mises’ work to the current financial crisis. The … Continue reading “Monetary policy a cause of depressions”

In an interview with Spiegel Online, 2006 Nobel laureate Muhammad Yunus states that the current financial crisis is proof that … Continue reading “Muhammad Yunus joins the “crisis of capitalism” choir”

How radical will the new Lord Mandelson be in seeking to reinvigorate the ‘New Labour’ brand? With the regulatory levers … Continue reading “Mandelson should refer NHS monopolies to the Office of Fair Trading”