If somebody were to start an engineering textbook by saying that the maximum theoretical speed of a perfect car was … Continue reading “Do markets fail?”

The Economist has put a nice little chart together based on the latest World Health Organisation report on alcohol. It … Continue reading “Britain, more sober than you thought”

I am reading the Economist and Financial Times 2013 book of the year, Stephen D. King’s When the Money Runs … Continue reading “What to do before the money runs out”

Prof Leszek Balcerowicz, both the former chairman of the National Bank of Poland and Deputy Prime Minister of Poland, is … Continue reading “Balcerowicz on economic ‘shock therapy’”

Economic protectionism is back. UKIP has put immigration at the forefront of its EU election campaign, implying that competition in … Continue reading “Protectionism will do nothing for the UK – or the quality of its football”

No major political party is interested in a radical decentralisation of power. The Conservatives, in particular, are scarred by their … Continue reading “Radically decentralising power to town halls may pay UK growth dividend”

The government should transfer responsibilities for spending and taxation to local authorities in order to increase long-term economic growth. The … Continue reading “Fiscal decentralisation should be pursued to ensure long-term economic prosperity”

To download a copy to your e-reader, click here. To purchase a copy of A U-Turn on the Road to Serfdom, … Continue reading “A U-Turn on the Road to Serfdom”

Gary Becker was one of the giants of economics. During his lifetime his contribution to the profession remained unsurpassed – … Continue reading “Gary Becker showed us the power of economics”