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IEA Policies.

Denationalisation of Money

10 September 1976
Research

Denationalisation of Money

F. A. Hayek
10 September 1976

The case for competition in currency

The government monopoly of money must be abolished to stop the recurring bouts of acute inflation and deflation that have … Continue reading “Denationalisation of Money”

The Vote Motive

25 August 1976
Research

The Vote Motive

Gordon Tullock
25 August 1976

Classic introduction to public choice theory by one of the pioneers in the field

The economics of politics applies the techniques of economic analysis (monopoly, competition, information costs, etc.) to political and bureaucratic behaviour. … Continue reading “The Vote Motive”

Gold or Paper?

10 July 1976
Research

Gold or Paper?

E. Victor Morgan and Ann D. Morgan
10 July 1976

No government has maintained the value of its currency without external discipline

Many governments have issued paper money backed only by their own authority; all the major countries are doing this now; … Continue reading “Gold or Paper?”

Too Much Money…?

7 May 1976
Research

Too Much Money…?

Gordon Pepper and Geoffrey Wood
7 May 1976

The relationship between the money supply and inflation

It is essential to understand the reasons for and the pressures behind excessive monetary growth if the money supply is … Continue reading “Too Much Money…?”

The Dilemmas of Government Expenditure

26 February 1976
Research

The Dilemmas of Government Expenditure

Robert Bacon, Walter Eltis, David Howell, Richard Lynn, David Marquand, John Pardoe, Tom Wilson and Jack Wiseman
26 February 1976

Essays in politcal economy by economists and parliamentarians

The authors discuss the causes of and cures for excess expenditure and in so doing analyse a wide range of … Continue reading “The Dilemmas of Government Expenditure”

Choice in Currency: A Way to Stop Inflation

1 February 1976
Research

Choice in Currency: A Way to Stop Inflation

F.A. Hayek
1 February 1976

F. A. Hayek's classic paper on free banking

In this short paper, first published in 1976, Nobel Laureate Friedrich von Hayek suggests that inflation can be stopped by … Continue reading “Choice in Currency: A Way to Stop Inflation”

Economic Freedom and Representative Government

31 October 1973
Research

Economic Freedom and Representative Government

F. A. Hayek
31 October 1973

F. A. Hayek's groundbreaking analysis of how to preserve economic freedom in a democracy

In this short classic, Nobel-Prize-winning Austrian economist, F. A. Hayek, explains why the political institutions in the Western world necessarily … Continue reading “Economic Freedom and Representative Government”

Verdict on Rent Control

1 November 1972
Research

Verdict on Rent Control

F. A. Hayek, Milton Friedman, George J. Stigler, Bertrand de Jouvenel, F. W. Paish, Sven Rydenfelt and F. G. Pennance
1 November 1972

Essays on the economic consequences of political action to restrict rents in five countries

Why has support for rent control survived so long? What is wrong with it? What are its effects, both short- … Continue reading “Verdict on Rent Control”

Keynes and the Classics

10 July 1969
Research

Keynes and the Classics

Axel Leijonhufvud
10 July 1969

Two lectures on Keynes's contribution to economic theory

This publication comprises a reappraisal of the work of John Maynard Keynes. It strengthens the view that the Keynesians went too … Continue reading “Keynes and the Classics”

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Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems.

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