An important component of the argument of F. A. Hayek’s The Road to Serfdom is that those people likely to … Continue reading “Why do the worst get on top? An answer from Public Choice”

John Meadowcroft’s recent article in defence of free markets, ‘From Big Macs to Big Brother’, begins thus: ‘One of the … Continue reading “Without capitalism, can there be culture?”

One of the most important contemporary debates in political economy concerns the impact of the market on culture and the … Continue reading “From Big Macs to Big Brother: the market and culture”

Libertarians have traditionally been sceptical of the case for electoral reform, in large part because there appears to be a … Continue reading “A libertarian argument for Alternative Vote”

Political commentators are currently expending much energy trying to explain (what we might call) the Nick Clegg phenomenon – including … Continue reading “Nick Clegg: this week’s mephedrone?”

Advocates of privatisation have often paid insufficient attention to one of the most important reasons why scholars like Friedman and … Continue reading “Bringing privatisation into disrepute”

Libertarians have traditionally been sceptical of the case for electoral reform, in large part because there appears to be a … Continue reading “A libertarian argument for Alternative Vote”

Political commentators are currently expending much energy trying to explain (what we might call) the Nick Clegg phenomenon – including … Continue reading “Nick Clegg: this week’s mephedrone?”

Irrespective of the moral rights and wrongs of the former Royal Bank of Scotland chief Sir Fred Goodwin’s pension entitlement, … Continue reading “Harriet Harman, property rights and the rule of law”