British Prime Minister Theresa May is obsessed with measuring pay gaps between social groups. She championed the requirement for companies with more than 250 workers to measure the so-called “gender pay gap.” Now she wishes companies to measure the “ethnic pay gap.” Yet these measurements, hailed by champions of intersectional theory, produce deceptive statistics that ... Continue reading
75 years ago this month, Friedrich Hayek, the Austrian Economist recruited by the LSE, published his manifesto for a free and liberal society: “The Road to Serfdom.” The book – or some might say the siren alert to the perils of socialism – was written in the evenings between 1940 and 1943, while he was ... Continue reading
It's been seven years since I first published research with the IEA about state-funded activism, and five years since I last tackled the subject in The Sock Doctrine.   I showed in these reports that large sums of taxpayers' money were being given to non-governmental organisations by central government, local authorities and the European Commission. It is undeniable that ... Continue reading
The story of English football is – in the main – a tale of two cities. Between them, Liverpool and Manchester United have won 38 league titles since the formation of the old First Division in 1892 (with neighbours Everton and Man City accounting for another 14). To put that into context, London clubs have ... Continue reading
Labour Market
Continued from Part 1. In contrast, societies where men are in short supply often tend towards permissiveness and lower levels of commitment. The First World War had a seismic impact on romantic and marital behaviour. More than 700,000 British men were killed during World War One, with as many left seriously wounded or incapacitated - ... Continue reading
On 13 November, the University College London Debating Society held a debate on the motion “This House believes Socialism is the answer”. The IEA’s Head of Political Economy, Dr Kristian Niemietz, was one of the panellists who spoke (surprise, surprise) against the motion. The article below is a rough transcript of Kristian’s opening remarks. - ... Continue reading
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