One of the few but crucial advantages that economists have over others in attempting to navigate the world is the … Continue reading “It’s the margin, stupid!”

“We do not believe in untrammelled free markets. We reject the cult of selfish individualism. We abhor social division, injustice, … Continue reading “Neither socialism nor ‘compassionate conservatism’ help the poor. Free markets do”

Commenting on the Conservative Party’s pledge to introduce a price cap on household energy if they win the general election, … Continue reading “Energy price cap will not guarantee lower bills”

Commenting on the Conservative Party’s plan to cap household energy bills, Julian Jessop, Chief Economist at the Institute of Economic … Continue reading “Arbitrarily capping prices on energy bills would be counterproductive”

Inefficient and costly green policies, as well as contradictory objectives – such as using energy policy to achieve poverty reduction … Continue reading “Brexit provides real opportunity to bring down electricity bills for low-income households”

Executive Summary: Electricity charges for households in England and Wales have risen by 50 per cent in real terms since … Continue reading “A Post-Brexit Framework for Electricity Markets”

Regulation is a feature of a modern economy and it can serve a positive purpose.  However, when it comes to … Continue reading “Regulation and the Cost of Food”

So Brexit means more expensive breakfast! Or so Nick Clegg believes. Hanging onto the coattails of last week’s Unilever-Tesco row … Continue reading “Brexit could slash food prices – but only if we make it a free-market Brexit”

In April of this year Kenya wantonly destroyed some US$110 million of ivory, rhino horn and other wildlife products in … Continue reading “Want to protect wildlife? Assign property rights and turn it into a commodity”