Markets and Morality

Mark Littlewood writes for The Times

Even the staunchest of free-market enthusiasts tends to accept a need for competition policy, but the marketplace often is more self-correcting than we think, writes IEA Director General Mark Littlewood. In his biweekly column for The Times, Mark argues that while big companies such as Twitter and Google do wield substantial power, very often this ... Continue reading

Mark Littlewood comments on "The Inequality Virus" report

Responding to "The Inequality Virus," a new report from Oxfam, Mark Littlewood, Director General at free market think tank the Institute of Economic Affairs, said: “Oxfam is right to highlight the impact the pandemic has had on the world’s poorest. However, the charity’s proposed solutions demonstrate a fundamental misunderstanding of both economics and poverty relief. ... Continue reading

Julian Jessop writes for Times Red Box

"The costs of the first national lockdown soon began to outweigh the benefits. A repeat of this, even by the back door, could be a blow from which both the economy and society would take much longer to recover" says Julian Jessop, IEA Economics Fellow. Writing for Times Red Box, Julian argues "a zig-zag policy ... 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 "economists must play a bigger role in shaping public policy on how the lockdown should be lifted". The report goes on to say "fears about a second wave 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
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

IEA releases briefing on the Melrose takeover of GKN

The recent purchase of GKN has sparked much controversy, with many calling for the Government to intervene by blocking the deal altogether, or at least forcing Melrose to make additional commitments on jobs and divestment plans. But this is not a matter for public policy and further interference would be counter-productive. A new briefing from ... Continue reading

IEA releases report on financial services and the benefits they bring to all

The much-maligned financial services industry is a crucial part of everyday life. Contrary to popular misconceptions, its greatest benefits are felt by the less-well-off and middle classes. The economic function of the financial services industry is to reduce transaction costs for saving, for protecting against major risks, providing for an income in old age, acquiring ... Continue reading