Why are academics so fond of misrepresenting economic liberalism? Take the recent New Statesman article co-written by Adrian Pabst, a highly respected political theorist at the University of Kent, and the writer and researcher Ron Ivey. The authors are, of course, perfectly entitled to tear into what they call “market fundamentalism” – but in doing so they punch below ... Continue reading
The publication of Carl Menger’s book Principles of Economics in Vienna in 1871 is usually seen as the birth of the Austrian School of Economics. But the focus of Janek Wasserman’s book The Marginal Revolutionaries. How Austrian Economists fought the War of Ideas lies elsewhere. He points out that it is debatable whether Menger’s book ... Continue reading
Economic Theory
Two separate economic developments over the last 100 years have caused macroeconomics to regress instead of progress. The first is the Keynesian, or more accurately Malthusian, notion of aggregate demand. The second is Friedman’s positive empiricism emphasising the importance of empirical verification of economic theory. According to positive empiricism, adherence to economic facts is the ... Continue reading
Trade, Development, and Immigration
In neoclassical textbook economics, consumer preferences are ‘given’. People come to the market with a fixed set of preferences, expressible as a utility function, and satisfying those preferences then becomes a technical maximisation problem. The Austrian School of Economics has long criticised this sterile way of thinking for ignoring the lifeblood of capitalist economic activity: ... Continue reading
Sebastiano Bavetta will give a talk on  the personal freedom project. About the project The Personal Freedom project has been established since 2013 at the University of Pennsylvania to study the notion of autonomy (personal) freedom, its policy and political implications, and its role in bringing about social change. The project moved from the observation ... Continue reading

George Selgin on stability without Central Banks

The Institute of Economic Affairs and CQS are pleased to invite you to the Annual IEA Hayek Memorial Lecture. The lecture will be delivered by George Selgin, speaking on the subject "Price Stability and Financial Stability without Central Banks - lessons from the past for the future." Lecture (6:30pm for) 6:45pm - 8:15pm To RSVP, please ... Continue reading
We're delighted to announce that the speaker at July's Future Freedom reception will be the Dr Tara Smith, a professor of philosophy at the University of Texas and a board member of the Ayn Rand Institute. Find a full biography here. Dr Smith will speak on the topic of "The Pursuit of Happiness – and ... Continue reading

Hear from the Index's co-author

Tanja Porčnik will be giving a talk about the Human Freedom Index (of which she is a co-author). About Tanja Tanja Porčnik is an adjunct scholar at the Cato Institute. Porčnik is president and co-founder of the Visio Institute, a think tank in Slovenia, and co-author of The Human Freedom Index. She was formerly a ... Continue reading

Co-hosted by Atlas Network and the Institute of Economic Affairs

Atlas Network and the Institute of Economic Affairs are delighted to host the first annual Europe Liberty Forum. Champions of free people and free markets from across Europe and the United States are invited to London for two days of leadership development, sharing of best practices and discussion of the policy battles that lie ahead. ... Continue reading
Economic Theory
The world often seems to be scared of deflation and, arguably, this creates an asymmetric bias towards inflation. For example, at the beginning of the 21st century, after the dotcom crash, there was widespread fear of deflation in the US for no obvious reason. The response to this fear was several years of loose monetary ... Continue reading