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Market failure arguments are a poor guide to policy

19 June 2019
Economic Theory

Market failure arguments are a poor guide to policy

Ryan Bourne
19 June 2019
“Market failure” is constantly used by capitalism’s critics as justification for government spending, taxes and regulation. In policy areas ranging … Continue reading “Market failure arguments are a poor guide to policy”

Debate: The pros and cons of carbon taxes

6 November 2018
Energy and Environment

Debate: The pros and cons of carbon taxes

Philip Booth and Jamie Whyte
6 November 2018
Should a carbon tax, levied on the carbon content of fuels, be part of plans to combat global warming? Philip … Continue reading “Debate: The pros and cons of carbon taxes”

Ronald Coase: as relevant as ever

18 November 2015
Economic Theory

Ronald Coase: as relevant as ever

Len Shackleton
18 November 2015
Nobel-Prize-winning economist Ronald Coase died in 2013 at the grand age of 102. The two contributions for which he is … Continue reading “Ronald Coase: as relevant as ever”

Plastic bags – why should we care?

7 June 2014
Economic Theory

Plastic bags – why should we care?

Ryan Bourne
7 June 2014
Given the huge structural challenges our economy still faces and with the government still borrowing around £100 billion per year, … Continue reading “Plastic bags – why should we care?”

The welfare commons

10 June 2013

The welfare commons

Philip Booth
10 June 2013
Whenever the left wish to make an argument for their favourite form of government intervention they always use – normally … Continue reading “The welfare commons”

A free economy, virtue and externalities

6 September 2010

A free economy, virtue and externalities

Philip Booth
6 September 2010
Opponents of a market economy often decry the operation of what they perceive to be selfishness in the market as … Continue reading “A free economy, virtue and externalities”

A free economy, virtue and externalities

6 September 2010

A free economy, virtue and externalities

Philip Booth
6 September 2010
Opponents of a market economy often decry the operation of what they perceive to be selfishness in the market as … Continue reading “A free economy, virtue and externalities”

Change4Life, sales bans and “sin taxes”: when the arsonist screams “fire!”

3 February 2009
Lifestyle Economics

Change4Life, sales bans and “sin taxes”: when the arsonist screams “fire!”

Kristian Niemietz
3 February 2009
One of the justifications for government intervention in the market is the presence of ‘external effects’ or ‘externalities’ which occur … Continue reading “Change4Life, sales bans and “sin taxes”: when the arsonist screams “fire!””

The IEA is the UK's original free-market think-tank.

Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of the markets in solving economic and social problems. Given the current economic challenges facing Britain and the wider global environment, it is more vital than ever that we promote the intellectual case for a free economy, low taxes, freedom in education, health and welfare and lower levels of regulation.

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