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IEA Policies.

Inflation and Unemployment

5 September 1977
Research

Inflation and Unemployment

Milton Friedman
5 September 1977

The 1976 Alfred Nobel Memorial Lecture

Inflation is socially destructive, creates abnormally high unemployment, misuses economic resources, and endangers human freedom not because value-judgements lead man … Continue reading “Inflation and Unemployment”

The State of Taxation

15 July 1977
Research

The State of Taxation

Barry Bracewell-Milnes, Colin Clark, Walter Elkan, Ivor F. Pearce, A. R. Prest and Charles K. Rowley
15 July 1977

Leading economists examine the UK's fiscal policy

Readings 16 grew out of a seminar with the same title, held in London on 6 January 1977. Six economists … Continue reading “The State of Taxation”

Keynes versus the ‘Keynesians’

12 July 1977
Research

Keynes versus the ‘Keynesians’

T. W. Hutchison
12 July 1977

Keynes's name and repute have been used to support policies not justified by his writings

In this Hobart Paperback Professor T. W. Hutchison tests the interpretation of Keynes in the light of his writings and … Continue reading “Keynes versus the ‘Keynesians’”

Not from benevolence… Twenty years of economic dissent

31 May 1977
Research

Not from benevolence… Twenty years of economic dissent

Ralph Harris and Arthur Seldon
31 May 1977

Celebrating the first 20 years of the IEA

To commemorate the first 20 years of the Institute, Ralph Harris and Arthur Seldon compiled an account of its output … Continue reading “Not from benevolence… Twenty years of economic dissent”

Economic Forecasting – Models or Markets?

7 May 1977
Research

Economic Forecasting – Models or Markets?

James B. Ramsey
7 May 1977

The severe limitations of macro-economic policy

Economists and econometricians cannot ‘foresee’ the future. They have no theory about, and therefore cannot predict, ‘exogenous’ developments in the … Continue reading “Economic Forecasting – Models or Markets?”

Poverty before Politics

16 April 1977
Research

Poverty before Politics

Colin Clark
16 April 1977

How welfare benefits undermine work incentives

Social security benefits now discourage people from working. Indeed it is surprising that ‘voluntary’ unemployment is not more prevalent. The … Continue reading “Poverty before Politics”

Over-taxation by Inflation

30 March 1977
Research

Over-taxation by Inflation

David R. Morgan
30 March 1977

How the government exploits inflation to hide tax increases

In Britain inflation has been accompanied by inadequate adjustments in tax allowances and bands so that real rates of taxation … Continue reading “Over-taxation by Inflation”

From Galbraith to Economic Freedom

27 January 1977
Research

From Galbraith to Economic Freedom

Milton Friedman
27 January 1977

Free-market critique of The Affluent Society and other works

No scientific studies have validated Galbraith’s analysis: it yields no predictions about the behaviour of enterprise, industry or of the … Continue reading “From Galbraith to Economic Freedom”

Pricing or Taxing?

9 October 1976
Research

Pricing or Taxing?

Ralph Harris and Arthur Seldon
9 October 1976

A better way of financing local government services

Local government services are under-financed because people will not pay as much in taxes as they will in prices linked … Continue reading “Pricing or Taxing?”

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