The 2020s will see the introduction of one of the most profoundly transformative technologies for decades: the driverless car. In … Continue reading “What policy questions will be created by driverless cars?”

One of the larger benefits those of a liberal economics bent often ascribe to trade deals is that they provide … Continue reading “What trade deals do and do not mean for domestic laws”

In the run-up to the EU referendum, a number of the most high-profile companies, institutes and departments went out on … Continue reading “Of experts and ‘experts’: economists and Brexit”

A classical conservative believes private property exists in a moral, not merely political sense.  We could truly own things even … Continue reading “Wealth taxes are not the way to go”

Simon Wren-Lewis, a professor at Oxford and an active blogger, is a long-standing opponent of the Coalition’s economic strategy.  He … Continue reading “Would any amount of government borrowing count as ‘enough’ for Simon Wren-Lewis?”

We start with a world in which firms in high-status sectors such as the arts, media, finance and law provide … Continue reading “Banning unpaid internships will harm, not help, the disadvantaged”

An interesting comment was made recently by Andrew Lilico at a meeting of the IEA’s Shadow Monetary Policy Committee. He … Continue reading “Has the Bank of England abandoned inflation targeting?”

Does cutting the Bank Rate (the Bank of England policy rate) cut the real-terms cost of capital for investors? Most … Continue reading “Holding Bank Rate at 0.5 per cent indefinitely will damage investment, not stimulate it”

The fundamental problem in the banking sector is that bank creditors are not exposed to risk of loss. Who are … Continue reading “ICB Interim Report – the wrong answer to the wrong question”