There seem to be ‘wars on drugs’ everywhere but little sign that they are being won. Richard Stevenson of Liverpool … Continue reading “Winning the War on Drugs: To Legalise or Not?”

The author examines the arguments for state support of the arts and finds them unconvincing. The development of artistic talent … Continue reading “Should the Taxpayer Support the Arts?”

This Hobart Paper addresses one of the great economic and social problems of our time: the suboptimal allocation of resources … Continue reading “On the Move… A Market for Mobility on the Roads”

Science and Guesswork in Financial Market Forecasting. The author discusses how research in financial markets has evolved and whether the … Continue reading “Predicting the Unpredictable?”

A Historical Survey… 1870-1990 In this historical survey spanning 120 years, the authors attempt to find out if there is … Continue reading “Have the Banks Failed British Industry?”

Choice, Contract, Consent, in restating liberalism, finds its rock-bottom foundations in six first principles that are either self-evident, or readily … Continue reading “Choice, Contract, Consent: A Restatement of Liberalism”

The authors examine the history of EU labour market regulation, review studies of the impact of such regulation and conclude … Continue reading “Regulating European Labour Markets: More Costs than Benefits?”

Traditionally, governments have relied on ‘command-and-control’ methods of pollution regulation – fixing standards, and relying on inspectorates and the backing … Continue reading “Pricing for Pollution”

Kevin Dowd explains how central banking and the monopoly issue of currency by government have politicised and greatly destabilised the … Continue reading “Private Money: The Path to Monetary Stability”