Main articles:

Commercial art music by Jonathan Le Cocq

Saatchi, Sensation, and why contemporary art should not be conceded to the left by Bunny Smedley

Language and totalitarian regimes by Magda Stroinska

Of Cabbages and Kings by Stephen A. Erickson

Other Articles:

Why students should pay the full costs of their education by E J. Mishan

Markets, tacit knowledge and education by Rajiv Prabhakar

The Liquidity trap and price-level targeting by Andrew Lilico

Columns:

In the City: The Century of equity investment by Tim Congdon

Education: Private Education in the European Union by James Tooley

Technology: Negligent Law by Julian Morris

The Environment: How Markets help provide water for the poor by Roger Bate

Fallacies: Workers should hold shares in the company they work for by Geoffrey E. Wood

Book Reviews by:

David Simpson

Forrest Capie

Bene’t Steinberg

Bob Layson

Martin Ricketts

Alberto Mingardi