Mark Littlewood writes for The Times Business

Mark Littlewood, Director General at the Institute of Economic Affairs has written for The Times Business on free market capitalism and how it has improved our lives. Never has there been more compelling evidence of the overwhelming benefits of free market capitalism. In the past three decades, the global spread of free enterprise and the ... Continue reading
While Friedrich Hayek penned The Road to Serfdom in wartime Britain, on the other side of the world another Viennese exile was composing a great anti-totalitarian text. That work became The Open Society and Its Enemies, by Karl Popper, Hayek’s friend and correspondent. Written during Popper’s tenure at the University of Canterbury in New Zealand, ... Continue reading
Economic Theory
The old joke “Why did the chicken cross the road?” (“To get to the other side”) might have come out of some readers’ Christmas crackers. In fact, there is a serious point to that joke. The chicken can know of no higher purpose. There was no ultimate end: it just crossed the road to get ... Continue reading
Economic Theory
Venezuelamania is well and truly over. Like so many other examples before it, the country has entered the unthankful not-REAL-socialism stage. And yet, Britain’s remaining Chavistas, such as Chris Williamson, Ken Livingstone and George Galloway, are doubling down. They have convinced themselves that Venezuela’s crisis has nothing to do with socialism, and everything to do ... Continue reading
Markets and Morality
The two economists Hayek and Keynes agreed on one thing. They both believed that ideas and the climate of opinion determined how politicians behaved. Indeed, the Institute of Economic Affairs was set up as a result of advice from Hayek. He told Antony Fisher that a body was desperately needed that would change the climate ... Continue reading

Professor Philip Booth writes for CapX

Philip Booth, Senior Academic Fellow at the Institute of Economic Affairs,  has written an article for CapX on the moral case for free markets. Good policy depends on a well-informed population. The contribution of business to the formation of the intellectual climate is important. Businesses have a social responsibility to ensure that they do not ... Continue reading
Markets and Morality
Continued from Part 2. He claims statistical backing for his anecdotes but provides no robust evidence on either suicide or food insecurity. What is the actual trend in suicide rates? Statistics from the ONS show in 2010 there were 10.2 suicides per 100,000 people. This rose to 11.1 in 2013; a statistically significant increase but ... Continue reading
Markets and Morality
This weekend saw the fallout from “Black Friday”: a day that conjures up images of keen shoppers scrambling to be first in the door at 5am to secure that half-price LED 50-inch TV, while scrums of people fight tooth and nail for the last discounted kettle. This is how we usually characterise this annual sales ... Continue reading
Government and Institutions
Continued from Part 1. Furthermore, the condition of poverty is not uniform and some will endure more hardship than others. HBAI data do allow us to make some distinctions. 1.5 million children are classified as living in conditions of low income and material deprivation in 2016/17 (before housing costs). That is 11 per cent. The ... Continue reading