Research
Summary Socio-economic systems should be understood as ‘complex’ phenomena that cannot effectively be controlled or managed through central planning. In general, markets and other decentralised governance mechanisms that rely on competition and signalling are better placed to facilitate learning and adaptation in conditions of complexity. Pandemics such as the new coronavirus are also complex systems ... Continue reading
Economic Affairs
Subscribe to Economic Affairs Contents: Introduction (page 129-130) Coronavirus Pandemics and the consequences of COVID-19 (pages 131-37) by Steve Davies The UK lockdown and the economic value of human life (pages 138-147) by Julian Jessop Italy and COVID-19: Winning the war, losing the peace? (pages 148-154) by Nicola Rossi, Alberto Mingardi Beyond COVID-19 lockdown: A ... Continue reading
Research

How economists can shape the post-lockdown world

Summary The seminal work on epidemiological models was carried out in the late 1920s and early 1930s. The models have developed substantially since then, but their key drivers are still essentially those discovered nearly a century ago. Epidemiological models do have real scientific value. But any forecast made with them must rely on assumptions about ... 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
Research

101 Great Liberal Thinkers

SCHOOL OF THOUGHT – 101 Great Liberal Thinkers profiles the lives and ideas of some of the leading thinkers on individual liberty – from ancient times to the present day. Award-winning author Eamonn Butler outlines key elements of liberal thought and takes a chronological look at those who shaped it across the centuries. He identifies ... Continue reading
Economic Affairs
Subscribe to Economic Affairs   Contents: Introduction (page 1-2) Can economic multilateralism survive? (pages 3-24) by Jean Pisani-Ferry Prospects for an ordoliberal reform of the European Union (pages 28-34) by Jurgen Wandel How to draft ‘good’ minutes of monetary policy decisions (pages 44-64) by Jan Fredrik Qvigstad Sir Thomas More's Utopia: An overlooked economic classic ... Continue reading
Research

IEA releases new, comprehensive book on socialism

Summary: Socialism is popular in the UK – not just among students, but also among people in their 30s and 40s. This is confirmed by survey after survey. Surveys also show that support for socialism in general terms is matched by support for a broad range of individual policies that could reasonably be described as ... Continue reading
Summary: We live in a liberal, pluralistic, largely secular society where, in theory, there is fundamental protection for freedom of conscience generally and freedom of religion in particular. There is, however, both in statute and common law, increasing pressure on religious believers and conscientious objectors (outside wartime) to act in ways that violate their sincere, ... Continue reading
Economic Affairs
Subscribe to Economic Affairs CONTENTS: INTRODUCTION (page 165) JUSTIFICATIONS FOR REDISTRIBUTION: A CRITIQUE (Pages: 166-184) by Roland Vaubel IS UNIVERSAL SERVICE JUSTIFIED BY THE PUBLIC INTEREST? FROM THE EARLY DAYS TO THE DIGITAL AGE (Pages: 185-196) by Dmitrii Trubnikov Ekaterina Trubnikova ELECTRONIC CURRENCY IN AFRICA: M‐PESA AS PRIVATE INSIDE MONEY (Pages: 197-206) by Malavika Nair ... Continue reading
Economic Affairs
Subscribe to Economic Affairs Contents: Introduction (page 117) Contrasting Developments in UK Energy Regulation: Retail Policy and Consumer Engagement (pages 118–132) by Stephen Littlechild Exit and the Epistemic Quality of Voice (pages 133–144) by Brad R. Taylor Intergovernmental Organisations and Economic Freedom: Wise Technocrats or Black Helicopters? (pages 145–154) by Ryan H. Murphy A Novel ... Continue reading