Research

IEA Brexit Unit responds to the news that the Brexit talks are moving to phase two

Summary:  The EU has confirmed that phase 2 of the Brexit talks, covering the future relationship, can now begin. However, there are still no clear answers to the challenges posed by the unique position of Ireland. The UK has committed, subject to specific conditions, to maintain ‘full alignment’ with the rules of the single market ... Continue reading
Government and Institutions

IEA Brexit Unit responds to the news that the Brexit talks are moving to phase two

Responding to the news that the EU has agreed to move to the next stage of Brexit talks, Julian Jessop, Chief Economist and Head of the IEA Brexit Unit, said: "The UK risks being boxed in permanently to a ‘soft Brexit’, where it retains the obligations of EU membership with no control over the rules ... Continue reading

Kate Andrews appears on Unherd's podcast

Kate Andrews, News Editor at the Institute of Economic Affairs has joined Unherd's weekly podcast to discuss Roy Moore and Brexit. In the podcast Kate argues that so much of the last week on Brexit has been about politics. The Prime Minister had to play a very difficult political game, trying to please the soft ... Continue reading
Economic Theory
Continued from Part 1.   Reasons there may be a “single seller” in a market There are a variety of reasons why there may be only one seller in a market at or over a given period of time. First of all, it may be because an entrepreneur has creatively developed a new or significantly ... Continue reading
Government and Institutions
Today’s joint report from the EU and UK negotiators confirms the progress made on the issues of citizens’ rights and the financial settlement. The crucial next phase of talks on the future relationship can now begin at last. Nonetheless, the solutions to the Irish questions still have the potential to shape Brexit for the UK ... Continue reading
Economic Theory
Numerous misunderstandings and mythologies surround the meaning of capitalism and competition, but few match the confusions over the meaning and relevance of “monopoly” in the workings of the market economy. When looked at dispassionately, factually, and historically, monopoly has almost always represented a problem in society only when created or protected by government intervention. Critics ... Continue reading
Economic Theory
“The starting point of any industrial strategy must be recognition that government impedes growth more than it facilitates it,” said former Treasury permanent secretary Nick Macpherson on Twitter last week. A slightly unexpected view from a former senior civil servant, one might think. The economist Diane Coyle quickly waded in, describing such views as “nonsense”, ... Continue reading
Energy and Environment
On 1 December, I participated in a panel discussion at the Indian Embassy. Is there a third way between socialism and capitalism? That was the question. The third way was represented by Dattatreya Hosabale, an advocate of “integral humanism”, a political philosophy originally developed by Deen Dayal Upadhyaya in the mid-20th century. I represented capitalism. ... Continue reading

Mark Littlewood writes for The Times

Mark Littlewood, Director General at the Institute of Economic Affairs has written for The Times following the Government's release of the industrial strategy white paper. In his article Mark writes that government has a vital role to play in establishing rules and regulations that allow for innovation, competition and discovery. But history shows us that ... Continue reading
Economic Theory
The Government’s industrial strategy, released yesterday, is a paean to received wisdom about what the future economy will look like. By focusing on artificial intelligence, green energy and agriculture, and self-driving cars, business minister Greg Clarke is seeking to distance himself from the dismal experience of past industrial policy. Formerly, it would throw money at ... Continue reading