Canada has just taken the bold step of legalising recreational cannabis - making it the largest country in the world with a legal national marijuana marketplace. An article I wrote some time ago for City AM offers a reminder of the tremendous opportunities of cannabis legalisation, should Britain be bold enough to seize them. Earlier this year, it ... Continue reading
Lifestyle Economics
Earlier this week, Hong Kong’s government decided to impose a full ban on the sale, manufacture and import of e-cigarettes. This is just the latest instalment in a worldwide regulatory clampdown on vaping. From Thailand to Turkey, more than 20 countries currently impose outright bans on the products, while many others, like Finland and New ... Continue reading
David Henderson, a long-standing IEA supporter and member of our Academic Advisory Council, has died. He was 91. David had a distinguished 70-year career as an economist. He began work as a Fellow of Lincoln College, Oxford, and at University College London, where he was Professor of Economics. He then joined the Economic Section of ... Continue reading
Society and Culture
On 8 September 2018, several IEA staff members took part in the Big Tent Ideas Festival in Cambridge. Dr Kristian Niemietz spoke on the panel “Millennials: Maybe they are more libertarian than we think?”, held in the Economy Tent. The article below is loosely based on his remarks. I’m afraid I’ve been given a rather ... Continue reading
“Name one EU regulation or law you would change?” This question is often posed to Brexiteers, usually by those who believe Eurosceptics lack detailed arguments or, worse still, didn’t know precisely what they were voting for. Though this may be true in some cases, EU-friendly commentators are also, at times, guilty of a myopia of ... Continue reading
This is the strange tale of how Greenpeace and the Guardian newspaper colluded to attempt to show that the IEA is an all-powerful, Illuminati-style puppet-master controlling the apparatus of government on both sides of the Atlantic to ensure that the corporate elite remain in charge. It all began in Copenhagen in May, where I was ... Continue reading
Government and Institutions
The government’s Chequers statement released last week will form the basis of a long-awaited White Paper setting out the UK’s future relationship with the European Union. Though the details are yet to be fully fleshed out, there is a real danger that these initial proposals, if implemented, would run the risk of binding the UK ... Continue reading
"We were deeply saddened to learn of the death of Professor Harold Rose, who died last week, aged 94. Professor Rose was a distinguished economist, former Chairman of the IEA and lifelong supporter of the free market movement. (From left to right: Professor Harold Rose, Arthur Seldon, Lord Harris, Friedrich Hayek, J B Wood and ... Continue reading
The Guardian has recently published data on the gender pay gap in different parts of the Civil Service. Despite the gap having fallen since this exercise was last done, there has been predicable outrage. Labour says it is ‘appalling’ and ‘morally wrong’ for a pay gap to exist at all in the public sector. The ... Continue reading
I saw a first sneak preview of Corbynmania about two years ago. It had nothing to do with Jeremy Corbyn, whose existence I was blissfully ignorant of at the time. I took part in a panel discussion on the UK housing market, organised by a London university, for an audience of students and young academics. ... Continue reading