Following my piece about Mrs May’s proposals for ethnic pay monitoring, a correspondent has asked me how we can resolve issues of ‘illegitimate racial barriers to progression in workplaces’ without legal intervention. When the issue of racial discrimination was first discussed by economists, in the late 1950s and early 1960s, it was argued that such ... Continue reading
2016 was the year traditional allegiances scrambled, on both sides of the Pond. The year Brexit and the election of Donald Trump shook the foundations of conventional politics, famously causing Angela Merkel to declare “Europe must take its destiny into its own hands.” But the genesis of these shocks goes rather deeper, as some pointed ... Continue reading
Markets and Morality
It seems that everybody wants more social justice. If you Google the term, you get 714,000,000 responses. The most commonly-read Conservative-supporting blog in the UK, ConservativeHome, regularly calls on the Conservative Party to deliver social justice to take the wind out of the sails of the Labour Party. Influential Conservative MP Robert Halfon has called for ... Continue reading
Markets and Morality
The increasing usefulness of the term “Manichean” counters George Orwell’s excellent advice about choosing short, simple words, wherever possible. Its stretchy, almost mystical implications suit a dualistic age of subjective emotion over objective fact, painted caricature over proven reality, and shouted assertions over reasoned argument. Yes – I’m purposefully being dramatically Manichean about modernity: after ... Continue reading
Government and Institutions
Today (October 8th) would have been the birthday of Basil Fisher, the younger brother of the IEA’s founder, Sir Antony Fisher. Though few remember Basil Fisher today, his life (and death) have made a lasting impact. Antony and Basil were born in 1915 and 1917 respectively. Neither knew their father, George, killed by a Turkish ... Continue reading

Len Shackleton comments on the BBC website

Len Shackleton, Editorial Research Fellow at the Institute of Economic Affairs, has commented on the BBC website on the calls for free time to become the measure for the UK's well-being, not GDP. In the article Len argues that GDP is not the only measure of how well the country is doing, but it is the ... Continue reading

Mark Littlewood comments in the Financial Times

Mark Littlewood, Director General at the Institute of Economic Affairs has commented in the Financial Times following Theresa May's speech at Conservative Party Conference. In the article Mark argues that the Conservatives keep saying we must restate the case for free-market capitalism. And very promptly fail to do so. Read the full article here. (££)... Continue reading
Energy and Environment

IEA reacts to Jeremy Corbyn's party conference speech

Spokespeople from the Institute of Economic Affairs (IEA) respond to the Labour leader Jeremy Corbyn’s party conference speech. On Jeremy Corbyn's speech, IEA Director General Mark Littlewood said: “Jeremy Corbyn is right to highlight that parts of the establishment have far too much control over Britain’s economy. Westminster’s elite should not be picking winners and ... Continue reading
David Lewis is ramping up a food fight of epic proportions. The chief executive of Tesco has launched a spin-off chain of discount supermarkets called Jack’s (named after Tesco’s founder Jack Cohen). The aim is to become more competitive with German chains Aldi and Lidl, which have been saturating the market with cheaper products since their arrival in the UK ... Continue reading
Markets and Morality
One of the most talked-about books of 2009 was The Spirit Level, by the social epidemiologists Kate Pickett and Richard Wilkinson. They have now released a sequel, The Inner Level, the theme and format of which is uncannily similar to the original. A series of chapters make the case for income inequality causing a wide range ... Continue reading