The clock strikes 21 in Happy Hobbitland


The next time you’re struggling to find the right birthday present for a friend or family member, why don’t you just give the New Economics Foundation a call? Remarkably, these people seem to know the tastes and preferences of 60 million UK inhabitants. Not our old-fashioned “revealed preferences”, the preferences we express through the choices we make every day, but our true preferences, which we are apparently so often confused about ourselves. They know, for example, that deep down inside, we are all unhappy:

Dr Kristian Niemietz is the IEA's Head of Political Economy. Kristian studied Economics at the Humboldt Universität zu Berlin and the Universidad de Salamanca, graduating in 2007 as Diplom-Volkswirt (≈MSc in Economics). During his studies, he interned at the Central Bank of Bolivia (2004), the National Statistics Office of Paraguay (2005), and at the IEA (2006). He also studied Political Economy at King's College London, graduating in 2013 with a PhD. Kristian previously worked as a Research Fellow at the Berlin-based Institute for Free Enterprise (IUF), and taught Economics at King's College London. He is the author of the books "Socialism: The Failed Idea That Never Dies" (2019), "Universal Healthcare Without The NHS" (2016), "Redefining The Poverty Debate" (2012) and "A New Understanding of Poverty" (2011).