Christopher Snowdon writes for CapX

Far from being a boost to the local economy, the Bristol Pound has more likely been a drain on it, says the IEA's Head of Lifestyle Economics Christopher Snowdon. Writing for CapX, Chris argues that the logic of local currencies rests on the economic fallacy of mercantilism and the assumption that the route to prosperity ... Continue reading
Economic Theory
The 2020s will see the introduction of one of the most profoundly transformative technologies for decades: the driverless car. In the world we have inhabited for the past 60 years, most adults own cars that they drive daily, which they then park in their garages, front yards or on the street, or in car parks ... Continue reading
Economic Theory
In February 2019, the Economist ran an edition with the cover title The Rise of Millennial Socialism, which was dedicated to the resurgence of socialism in the UK and US. "When the Berlin Wall fell in November 1989, many consigned socialism to the rubble", the magazine explained. "[T]he 20th century’s ideological contest seemed over. Capitalism ... Continue reading
Calls to bring key utilities back under state control “ignore important lessons” from the post-war period, argues a new report from the Institute of Economic Affairs published today. Renationalisation: Back to the Future, written by IEA Economics Fellow Julian Jessop and IEA Editorial and Research Fellow Professor Len Shackleton, explores the case for restoring water, ... Continue reading
Research
Actual and perceived problems associated with privatised utilities have led to some public disenchantment with these businesses. Polls suggest that there is a popular majority for renationalising them, and there is some cross-party support for this. Examination of these industries suggests grounds for concern over aspects of their recent operation. However, other criticisms are not ... Continue reading
Economic Theory
On 28 November, the IEA organised a panel discussion on the fall of the Berlin Wall, and the rise of “Millennial Socialism” today. One of the panellists was the IEA’s Head of Political Economy, Dr Kristian Niemietz. The article below is a (slightly extended) version of Kristian’s talk.   I remember ten years ago, around ... Continue reading
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
Economic Theory
Kate Andrews appears on Politics Live. Kate Andrews, Associate Editor at the Institute of Economic Affairs has appeared on BBC Politics Live alongside Conservative MP James Borkenshire and  journalists Owen Jones and Ian Birrel. You can watch the whole programme here. On Transport for London's Uber ban "This refusal to renew the licence is an ... 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
Economic Theory
Commenting on the Labour manifesto, Director General at the Institute of Economic Affairs Mark Littlewood said: “With today’s tax burden now at a 50-year high, the Labour Party’s plan to hike taxes and borrow hundreds of billions of pounds cannot end well for the taxpayer. “The creation of a financial transactions tax, a windfall tax, and ... Continue reading