We should be profoundly relaxed if people make a killing by ridding us of Covid

23 November 2020
Economic Theory

We should be profoundly relaxed if people make a killing by ridding us of Covid

Dr Kristian Niemietz writes for The Telegraph

Anti-capitalism is based on "an emotional, visceral dislike of the market economy, and anti-capitalist arguments are just a post-hoc attempt to rationalise that gut feeling", writes the IEA's Head of Political Economy Dr Kristian Niemietz. Because of this attitude, even when private enterprise saves the day  - such has been the case with Covid vaccines ... Continue reading
23 November 2020
Share

By rejecting markets, Labour are overlooking the economic lessons of history

27 September 2019
Economic Theory

By rejecting markets, Labour are overlooking the economic lessons of history

The Labour Party, like others, wants to promise voters a utopia - with their conference featuring "wild offers, with little talk of the trade-offs or consequences of so much spending" - but they will fail if they continue to reject the role markets play in improving peoples' lives, says Kate Andrews, Associate Director at the ... Continue reading
27 September 2019
Share

Dr Steve Davies – Escaping the Malthusian cage

10 July 2019
Economic Theory

Dr Steve Davies – Escaping the Malthusian cage

Dr Steve Davies speaks to ABC Australia

Dr Steve Davies, Head of Education at the Institute of Economic Affairs, spoke to ABC Australia about his latest book, 'Wealth Explosion: The nature and origins of modernity'. Steve's book examines the reasons behind the situation - present for most of history - where people lived their lives in poverty, as their ancestors did, to ... Continue reading
10 July 2019
Share

Like the myth that the Earth is flat, the socialist conspiracy theory never dies

6 March 2019
Economic Theory

Like the myth that the Earth is flat, the socialist conspiracy theory never dies

A review of 'Socialism: The failed idea that never dies'

Economist and City AM columnist Paul Ormerod has written a review of the IEA's latest book 'Socialism: The failed idea that never dies', written by our Head of Political Economy Kristian Niemietz. "Compare the US and the Soviet Union, East and West Germany, North and South Korea, India and China under different forms of socialism ... Continue reading
6 March 2019
Share

IEA publish new comprehensive book, “Socialism: the failed idea that never dies”

21 February 2019
Economic Theory

IEA publish new comprehensive book, “Socialism: the failed idea that never dies”

IEA releases new, comprehensive book on socialism

Today the Institute of Economic Affairs unveils a new book from our Head of Political Economy Dr Kristian Niemietz: ‘Socialism: the failed idea that never dies’. This one-of-a-kind, comprehensive book systematically charts the rise and fall of some of the most prolific socialist experiments in history – from the Soviet Union and Maoist China, to ... Continue reading
21 February 2019
Share

Don’t overestimate the impact of political chaos on the economy

17 December 2018
Economic Theory

Don’t overestimate the impact of political chaos on the economy

Mark Littlewood writes for The Times

Mark Littlewood, Director General at the Institute of Economic Affairs has written for The Times Business on the impact of the current political climate on the economy. The accepted wisdom is that uncertainty and unpredictability in the arena of politics are highly deleterious to the economy. The reasoning goes that if businesses don’t have some ... Continue reading
17 December 2018
Share

Business leaders must make the moral case for free markets

6 December 2018
Economic Theory

Business leaders must make the moral case for free markets

Professor Philip Booth writes for CapX

Philip Booth, Senior Academic Fellow at the Institute of Economic Affairs,  has written an article for CapX on the moral case for free markets. Good policy depends on a well-informed population. The contribution of business to the formation of the intellectual climate is important. Businesses have a social responsibility to ensure that they do not ... Continue reading
6 December 2018
Share

UK Interest in the US Midterm Elections

6 November 2018
Economic Theory

UK Interest in the US Midterm Elections

Shanker Singham features on NPR

Shanker Singham, Director of the International Trade and Competition Unit at the Institute of Economic Affairs, featured in an article by NPR on foreign interest in the midterm elections. Shanker said; "There may be a narrow window here where actually — contrary to sort of received wisdom — a strong Trump administration is actually very much in ... Continue reading
6 November 2018
Share

A price war is only good news for consumers

21 September 2018
Economic Theory

A price war is only good news for consumers

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
21 September 2018
Share

Chase the rabbit, or cut your losses?

17 September 2018
Economic Theory

Chase the rabbit, or cut your losses?

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
17 September 2018
Share