Economic Theory

Kate Andrews writes for CityAM

In her weekly column, Kate Andrews extols the consumer benefit of price wars. This comes in the wake of Tesco's launch of Jack's, a low-cost competitor to Aldi and Lidl. The entrance into the market of a new competitor, and the downward impact on prices it will cause, provides a strong justification of the virtues ... Continue reading
When Ash Sarker of Novara Media declared “I’m literally a Communist, you idiot” in a now-immortal exchange with ITV host Piers Morgan, her remarks spawned op-eds, memes and even T-shirts, hawked for 20 quid a pop by the "literal" capitalists at... Novara Media. It’s easy to laugh. Sarker is clearly an extreme case, whose views ... Continue reading
Economic Theory

Madeline Grant writes for BBC Capital

Madeline Grant writes for BBC Capital on why we never seem to cut our losses. Published as part of BBC Capital's series The Psychology of Spending, Madeline outlines how this phenomenon is well known within economics as the sunk cost fallacy and is part of our lives in far more ways than we know: "A ... Continue reading
Economic Theory

Kristien Niemetz writes for CapX

Writing in CapX, Kristien Niemetz considers a new form of egalitarianism that has emerged from the Brexit debate - Bregalitarianism. The Bregalitarian loves to wallow in faux-indignation every time an opponent – which can be a Remainer, but it can also just be a more cautious, less enthusiastic Brexiteer – mentions the possibility that not ... Continue reading
Economic Theory
Will the view from the next hill be worth the effort of climbing it? Should you spend time learning the guitar? Though no money is involved, these are still economic choices: decisions about how much resource (e.g. time and effort) to spend in pursuit of something we value. To help us analyse and make such ... Continue reading

Mark Littlewood writes for The Times

Mark Littlewood questions the role of the Church of England following the Archbishop of Canterbury's latest foray into politics. As chair of the IPPR's Commission on Economic Justice, Justin Welby was in the new last week arguing for higher taxes and a blanket £10,000 gift to all 25-year-olds. "Perhaps the archbishop’s assumption that greater action ... Continue reading
Economic Theory
Earlier this week, the Archbishop of Canterbury, Justin Welby, fronted the final report of the IPPR’s Commission on Economic Justice. It makes an interesting read, but is otherwise a completely over-the-top attack on current economic policy, with a wishlist of mainly unworkable policies attached. It begins with an examination of everything that the Commission – ... Continue reading
Economic Theory
On social media, I frequently mock socialists for their refusal to accept any responsibility for real-world approximations of their ideas. Failed or failing socialist systems are never ‘really’ socialist. Their failure could not possibly have anything to do with the concept of socialism itself. There is always an excuse. But there is a downside to ... Continue reading

Len Shackleton writes for City AM

Len Shackleton offers his thoughts in City AM on the new report published by the IPPR's Commission on Economic Justice. Whilst making for an interesting read, the report offers a familiar examination of the UK economy and the same tired solutions. Central to these are increases in both income and corporation tax, suggestions which pay ... Continue reading
Economic Theory
One month after the fall of the Berlin Wall, in December 1989, an Early Day Motion entitled ‘Workers’ Democracy in Eastern Europe’ was filed in the House of Commons. This motion, signed by Jeremy Corbyn and Ken Livingstone, offered a somewhat eccentric interpretation of recent developments in Europe. It argued that, far from marking the end of ... Continue reading