Markets and Morality

IEA research featured in The Times

The Times reports on a new IEA publication by Professor Kevin Dowd and Dr Dean Buckner, which finds the Bank of England’s supervision of the financial sector has “turned out to be a disaster, again”. The report looks at how well capitalised British banks are and how strongly the market views them, compared to ahead ... Continue reading
Markets and Morality

IEA research covered by The Times

The Times reported on the release today of new IEA briefing paper 'Model Behaviour: How economists can shape the post-lockdown world' by Paul Ormerod which argues "[e]conomists must play a bigger role in shaping public policy on how the lockdown should be lifted". The report goes on to say "[f]ears about a second wave of ... Continue reading

Mark Littlewood writes for The Telegraph

While those attending Davos may be genuinely well-intentioned, but "those committed to free markets, enterprise and giving a fair crack of the whip to the little guy should treat the forum with extreme scepticism", says the IEA's Director General Mark Littlewood. Writing for The Telegraph, Mark argues that the summit is the standout example of ... Continue reading
Commenting on Oxfam’s latest report 'Time to Care', Mark Littlewood, Director General at the Institute of Economic Affairs said: “Oxfam’s obsession with the top one percent once again distracts from the real issue of poverty. “If the charity’s goal is to end world poverty, Oxfam should be making the case for ensuring the right institutional ... Continue reading

Prof Philip Booth writes for City AM

Adam Smith famously wrote that people of the same trade seldom meet together without the conversation ending in a conspiracy against the public — and Davos is no different. Taking part in a debate column for City AM, Prof Philip Booth, IEA senior academic fellow argues that the global elites participating in the "annual meeting ... Continue reading

Dr Kristian Niemietz writes for The Spectator

Reflecting on the 30th anniversary of the fall of the Berlin Wall, Dr Kristian Niemietz reminds us that while socialists may never start out with the intention of building totalitarian societies, it still always turns out that way. Writing for the Spectator, Kristian argues that while "trendy milennial socialists" may dismiss the GDR as a ... Continue reading

Professor Syed Kamall quoted in the Daily Express

The Labour Party are proposing policies which are “rooted in tried-and-failed socialist ideology”, says Professor Syed Kamall, Academic and Research Director at the Institute of Economic Affairs. Responding to the Shadow Chancellor's speech to Labour Party Conference, Syed said the policies announced - including a reduced working week and cancelling Universal Credit - would “turn ... Continue reading

Julian Jessop on the City A.M. debate pages

It is sad to see the world's oldest travel firm collapse but "this is simply free-market capitalism doing its job" says Julian Jessop, IEA Economics Fellow. Writing the "Yes" side of the City A.M. debate "Was the collapse of Thomas Cook inevitable?", Julian notes that a combination of too much debt, an ill-timed merger, and ... Continue reading

Andy Mayer writes for The Times

What can game theory tell us about Boris Johnson's Brexit plans? asks Andy Mayer, Chief Operation Officer at the Institute of Economic Affairs, in the Sunday Times. Andy explains how game theory can be used to show how people arrive at sub-optimal outcomes while acting in their own interests. However, people are not perfectly rational ... 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