Several readers of my book Socialism: The Failed Idea That Never Dies got back to me, arguing that the way I use the term “socialism” is too narrow, and too formulaic. My definition, they say, may be technically correct; the dictionary may indeed say that “socialism” means a state-run economy, based on public ownership of ... Continue reading

Mark Littlewood writes for The Times

"Market-oriented economies produce better results than centrally-planned, socialist systems" but you wouldn't know that from the march of Green parties across Europe, writes Mark Littlewood, IEA Director-General, in his fortnightly column for The Times. Mark argues free-marketeers should adapt and hone capitalism to provide the right incentives for a greener world. Market liberals need to ... Continue reading

Mark Littlewood writes for the Daily Telegraph

Mark Littlewood, IEA Director-General, writes for the Daily Telegraph on inequality and the recent IFS report suggesting rising inequality in Britain will lead to a breakdown in support for democractic capitalism. If you focus on the differences in the lives of the rich and the poor, you are going to find some startling variations. But ... Continue reading
Government and Institutions

Rebecca Lowe writes for CapX

Rebecca Lowe, Director of FREER and IEA Research Fellow has written for CapX on how Brexit represents the missed opportunities to come together in the name of values. In the article Rebecca argues that for too long, our political focus has been technocratic. It has been solely on consequences. On outcomes. On metrics. There is, ... Continue reading
After a series of suicide tragedies involving children who researched methods online, or sought peer group approval through groups and sites, some commentators have linked social media use to suicides. Demands for action currently range from a safeguarding duty of care for social media providers through to prohibition in schools, and an out-right bans on phone use ... Continue reading
Is highlighting the failures of socialist Venezuela nothing more than political point-scoring? That seems to be the new accusation levelled at those who want pro-Venezuela advocates to retract their previous praise, now that country that has spiralled into violence and mayhem under the reign of dictator Nicolás Maduro. No doubt, in our politically polarized climate, ... Continue reading

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