The gains in economic activity derived from free trade are well established. Adam Smith and David Ricardo, who respectively discussed … Continue reading “The importance of free trade – and how to derive its full benefits”

David Ricardo, the classical economist has been dead for nearly 200 years – but his insights and theories remain immeasurably … Continue reading “Ricardo’s ideas are as indispensable today as they were 200 years ago”

We are in the midst of the centenary of the First World War, which was fought from 1914 to 1918. … Continue reading “How free trade made Europe great (Part 1)”

It is unclear that the ‘support and assurances’ the government has supposedly given to Nissan (which the company said were … Continue reading “8 thoughts on Nissan, ‘support and assurances’ and industrial strategy”

Theresa May is reviving the idea of interventionist industrial strategy, and wants to “rebalance” the economy. Many people are jumping … Continue reading “It’s pure hubris for politicians to think they can “rebalance” the economy”

The Republican Party must be tearing its hair out. For years, visitors from the US have extolled the strength of … Continue reading “Donald Trump’s fairy tale economics would be terrible for America”

In the last week or two there have been calls for taxes on large supermarkets such as Tesco. Twenty local … Continue reading “Flat earth economics and the ‘Tesco tax’”