A review of Keynes Hayek: The Clash That Defined Modern Economics by Nicholas Wapshott. As the Luftwaffe targeted culturally-rich cities … Continue reading “Keynes Hayek: The Clash That Defined Modern Economics”

‘Britain is today experiencing the longest period of sustained economic growth since records began in 1701.’ Gordon Brown, Budget Speech, … Continue reading “GDP: nonsense on stilts”

The Chancellor of the Exchequer has announced his latest strategy for rescuing the UK economy, in the form of ‘credit easing’. … Continue reading “The Chancellor launches Plan B: sub-prime loans, inflation and debt”

This is the first of two blog posts that summarise some of the discussion that took place at an IEA … Continue reading “Austrian thoughts on competition policy”

While the full complexity of an economic cycle can never be gauged, economists point to many contributory factors, each with … Continue reading “Taylor Rules – far from ‘OK’!”

Radio 4 has produced a documentary on F. A. Hayek and the Austrian school of economics. The programme, Radical Economics: Yo … Continue reading “Radio 4 documentary on the Austrian School – Radical Economics: Yo Hayek!”

Italy, Spain, Belgium and Portugal will need to raise over $800 billion in 2011 to cover roll-over debt and new … Continue reading “The Tragedy of the Euro”

When Transport Secretary Philip Hammond announced last week that the government would procede with three big rail projects – High … Continue reading “Hammond’s Soviet-style rail policies”

I suspect that I am less of a disciple of the Austrian School of economics than many readers and many … Continue reading “Austrians, poker and bubbles”