Julian Jessop quoted by The Edge Markets

Responding to the Prime Minsiter's promise of a  ‘new deal’ to rebuild U.K. economy after virus, IEA Fellow Julian Jessop said “Infrastructure spending can get the biggest bang for the buck over the longer term, if projects are chosen carefully and boost productivity, but it is hard to find a large number of worthwhile shovel-ready ... Continue reading
Government and Institutions

Annabel Denham writes for The Times

This pandemic has been "a grim reminder of the tragic choices that sometimes need to be made in health economics", writes IEA Director of Communications Annabel Denham. In a column for The Times, Annabel cites IEA research showing that "the longer the economy is kept shuttered, the greater the risk that the damage will be ... Continue reading
Government and Institutions
Dr Christian Sandstrom and Dr Karl Wennberg discuss their new book, Bureaucrats or Markets in Innovation Policy? Based on a major interdisciplinary research program with a special focus on Sweden, paired with international research, Dr Sandstrom and Dr Wennberg explain how targeted interventions and firm subsidies do not have the intended effects but instead creates ... Continue reading
Government and Institutions

Dr Steve Davies writes for 1828

Coronavirus has raised questions about international relations with China but it is vital this question is answered corrected as the obvious response - a new Cold War - would be "both economically costly and politically dangerous" says Dr Steve Davies, Head of Education at the Institute of Economic Affairs. Writing for the 1828 website, Steve ... Continue reading
Government and Institutions
Imagine we held a referendum on ending the lockdown today. It would make the EU Referendum, and the Brexit process, look like a walk in the park. Personally, I would vote for an immediate end of the lockdown. I understand the concerns, but I think we have reached a stage where the economic cost of ... Continue reading

IEA research quoted by The Times

Beyond the Treasury, economists are bystanders, which might seem reasonable, given that this is a health crisis. But it isn’t sensible, Paul Ormerod argues in his new IEA research paper, Model Behaviour: How economists can shape the post-lockdown world. Paul's research formed the basis of an article by Philip Aldrick, economics editor at The Times. ... Continue reading

Mark Littlewood writes for The Times

"If economists struggle with the unpleasant challenge of calculating trade-offs when it comes to human lives, politicians seem almost congenitally incapable of admitting they need to engage in the task", writes the IEA's Director General Mark Littlewood. Writing for The Times, Mark argues that because "electoral politics increasingly revolves around presentation and seeking to display ... Continue reading
Government and Institutions
In late March, most African states copied the approach taken by many countries worldwide and implemented a mass lockdown that saw schools close, curfews put in place, and people largely confined to their homes. While this approach makes sense and has been, for the most part, feasible in other parts of the world, in Sub-Saharan ... Continue reading

Julian Jessop quoted in the Daily Express

The government "needs to step aside as soon as possible and allow markets to work" says Julian Jessop, IEA Economics Fellow, quoted in the Daily Express. Julian said while support was needed during lockdown, government should now step back, "avoid saddling employers with additional costs and regulations... and return public spending to more sustainable levels.” ... Continue reading

Alexander C. R. Hammond writes for CapX

Coronavirus is a challenge for every nation but in Africa countries could be doing more damage by imposing lockdown restrictions than could be done by the virus, says Alexander C. R. Hammond, Policy Adviser at the Institute of Economic Affairs. Writing for CapX, Alexander notes the economic impact - given most people cannot work from ... Continue reading