Economic Affairs
Subscribe to Economic Affairs Contents: Introduction (pages 165–166) by J. R. Shackleton Should there be freedom of dissociation? (pages 167–181) by David S. Oderberg College Readiness: Are California Charter School Students Better Prepared? (pages 182–196) by Kerry A. Adzima The Financing of Investment in Utility Assets (pages 197–212) by Nicos Zafiris Lowering the Marginal Corporate ... Continue reading

Political consensus to increase employment regulation risks undermining the economy

Summary: Legal restrictions on the terms and conditions under which employment takes place have a long history in the UK. Since the mid 1960s, however, regulation has substantially increased and now permeates all aspects of work. The costs of this are huge. Just one element relates to the direct burden on firms. For example, the ... Continue reading

SMPC votes seven / two to raise Bank Rate in May

At its April 2017 face-to-face meeting, the Shadow Monetary Policy Committee (SMPC) voted by seven to two, to raise Bank rate in May. This is the biggest vote for a rise since rates were cut to their historic lows. Of the seven members favouring a raise, four preferred a rise of 1/4% and three a ... Continue reading
Research

Capitalise on Brexit to free UK from damaging EU Common Fisheries Policy

Summary:  Global fish catches in the seas and oceans have stagnated since the mid 1990s. A decline in the quality of fish landed has been evident in several major regions and some fisheries have experienced collapses in stocks of valuable species such as cod. Because there are generally no established property rights in wild fish, fisheries ... Continue reading

Winning essay for the IEA Richard Koch Breakthrough Prize

Winner of £50,000 prize: Mark Feldner and Mathew Bonnon For more information about the IEA Breakthrough Prize please visit www.breakthroughprize.org.uk Summary:  Free-market principles are about more than commerce alone. Competition, accountability and choice, the major pillars of economic liberalism, can equally be applied to our political system. We outline a radical vision of regional tax ... Continue reading
Research

Brexit provides real opportunity to bring down electricity bills for low-income households

Executive Summary: Electricity charges for households in England and Wales have risen by 50 per cent in real terms since 2001, partly as a result of policies designed to reduce greenhouse gas emissions. The decarbonisation policies adopted have been complex and inefficient, and have also been contradicted by other measures such as the reduced rate of VAT ... Continue reading

SMPC votes seven / two to raise bank rate in March

In its March 2017 e-mail poll, the Shadow Monetary Policy Committee (SMPC) elected, by a vote of Seven to Two, to raise rates in March. Three members voted for an immediate rise of 0.5%. Fourther favoured a 0.25% rise. Advocates of raising rates noted that economic growth is steady, monetary growth has been strong, inflation ... Continue reading
Research
Executive Summary: When applied to investments in company shares, capital gains tax is generally a double tax because it taxes anticipated profits and retained profits that are taxed elsewhere in the system. It should therefore be abolished. Where investments are designed to hide income as capital gains, income tax should be charged on investment returns ... Continue reading
Research

Healthy food cheaper than 'junk food', finds new IEA research

Summary: It is widely believed that healthy eating is relatively expensive whereas ‘junk food’ is relatively cheap. This has led to an assumption that poor diets and obesity are directly caused by economic deprivation. Some studies have compared the price-per-calorie of various types of food. The inherent bias of this method has the effect of making many ... Continue reading
Co-Published Books

The twenty-third edition of the Heritage Foundation's popular survey of economic liberty

The results of the 2017 Index of Economic Freedom find that Europe became slightly more economically free than last year: from 66.9 points free on the 0-100 scale used in the Index to 68.0 free. The scores of 30 countries in the European region have improved and those of 14 have declined. Factors such as property ... Continue reading