Every December 5th, American beer, wine, and spirit enthusiasts celebrate Repeal Day. It was on this day in 1933 that … Continue reading “Prohibitions create black markets and cause violent crime”

Dr David Skarbek, lecturer in Political Economy at King’s College London and author of The Social Order of the Underworld, … Continue reading “THINK – Economics of Prison Gangs”

Gary Becker was one of the giants of economics. During his lifetime his contribution to the profession remained unsurpassed – … Continue reading “Gary Becker showed us the power of economics”

On Sunday, the Observer reported that ‘Inequality costs Britain £39bn a year’. This is based on the belief that ‘a … Continue reading “The Spirit Level and the imaginary £39 billion (part 1)”

The Institute of Economic Affairs held an exclusive head-to-head debate on Drugs: The War We Never Fought between Peter Hitchens … Continue reading “Drugs: The War We Never Fought”

It was Albert Einstein who once said: ‘The definition of insanity is doing the same thing over and over again … Continue reading “What would Einstein say about the London riots?”

The ‘nanny state’ has expanded in recent years. Politicians and bureaucrats have increasingly sought to restrict what individuals are permitted … Continue reading “John Meadowcroft – Prohibitions”

The ‘nanny state’ has expanded in recent years. Politicians and bureaucrats have increasingly sought to restrict what individuals are permitted … Continue reading “John Meadowcroft – Prohibitions”

Yesterday I appeared on the Radio 4 Sunday Programme. The programme is available online on the BBC iplayer at http://www.bbc.co.uk/programmes/b006qnbd until 2 January. It begins … Continue reading “Philip Booth discusses inequality on Radio 4”