Economic Theory
Today, the media are full of reports and outrage about the shock news that twelve European teams (including six from the Premier League) are proposing to set up a European Super League as an alternative to the Champions League (and possibly domestic football for those teams if national leagues and associations follow through on their ... Continue reading
Introduction When I first read the blurb of Free Lunch Thinking, my initial reaction was “Oh please, not yet another anti-capitalist polemic! Britain needs another one of those like the Vatican needs another copy of the Bible.” But I was then very positively surprised. Free Lunch Thinking is not a polemic at all. It is ... Continue reading
Economic Theory
The COVID-19 pandemic and the accompanying lockdowns reduced global CO2 emissions by 7 percent last year. Some environmentalists, such as the University College London professor Mariana Mazzucato, have thus wondered about the feasibility of future “climate lockdowns […] to tackle a climate emergency.” Yet even if we ignore the negative consequences of prolonged lockdowns on broader health ... Continue reading
Economic Theory

Mark Littlewood writes for The Times

Last week's budget marked the full return to "Butskellism" - "the broad cross-party consensus" on the size, function and operation of the public sector, which dominated British politics for decades in the postwar period and kept vast swathes of industry under the ownership and control of government, writes IEA Director General Mark Littlewood. In his ... Continue reading
Economic Theory
The Supreme Court’s judgment on the Uber case last week has been welcomed rather too easily by commentators such as the Financial Times editorial team. It seems likely that the benefits of the Uber app for both customers and drivers will be lost. If the business survives at all, it will be a poor shadow of ... Continue reading
Responding to Sir Keir Starmer's speech on the economy, Mark Littlewood, Director General at free market think tank the Institute of Economic Affairs, said:  “National crises and emergencies inevitably lead to an extension of state intervention in the economy. “Political elites typically seek to retain their powers and control over the lives of ordinary people ... Continue reading
Economic Theory
In many ways we take the financial sector for granted. We tend to assume that we would be more prosperous without it. Commentators often lament that clever mathematicians or physicists, for example, end up in the financial sector rather than becoming engineers and building bridges. Indeed, people down the ages have criticised the financial sector ... Continue reading

Richard Koch Breakthrough Prize featured in The Northern Echo

In an article for The Northern Echo, Dehenna Davison MP for Bishop Auckland has called on the public to enter the IEA's 2021 Richard Koch Breakthrough Prize to suggest new pro-market pro-enterprise policies which can help 'left behind regions' in the north of England. The competition has a top prize of £50,000! Dehenna Davison said ... Continue reading
Economic Theory
The Institute of Economic Affairs has posted the first in a two-part series of short economics explainer videos. The films – 33 in total – will cover everything from basic economic theory to important historical case studies; guaranteeing viewers will receive a comprehensive understanding of the fundamentals of economics. These videos will be posted on ... Continue reading