On 15 April, the IEA’s Editorial Director, Dr Kristian Niemietz, gave a talk entitled “Free-Market Schools of Thought” for the … Continue reading “Six lessons from the Austrian School of Economics”

Continued from Part 2   Regardless of which individual is “playing this role” in society, we anticipate each will act … Continue reading “Price is the only language that everyone speaks (Part 3)”

Continued from Part 1.   But if not under the commanding instructions of a central planner or government regulator, how … Continue reading “Price is the only language that everyone speaks (Part 2)”

Continued from Part 1.   Reasons there may be a “single seller” in a market There are a variety of … Continue reading “The popular misunderstanding of the word “monopoly” (Part 2)”

The fast and furious rise of the alt-right in Europe, the UK, and the US has caught many people intellectually … Continue reading “Nine books to understand the collectivist right (Part 1)”

Jeremy Corbyn described the recent Queen’s Speech as “thin gruel”. It didn’t “have enough meat for one year, let alone … Continue reading “Why ‘thin gruel’ need not be a bad thing in politics”

Several anticapitalist slogans riff on the contrast between people and profit, and nobody thinks John Lennon’s song “Power to the … Continue reading “Only capitalism delivers true ‘People Power’. Everything else is just state power”

Economic theory is the science which tries to explain economic phenomena. Just as Newton observed an apple falling from a … Continue reading “The simplicity of economic theory”

Ludwig von Mises was one of the greatest economists and political scientists of the twentieth century. He revolutionised the understanding … Continue reading “Free Market Masters: Ludwig von Mises”