The progress that free trade and globalisation have achieved are coming under severe threat from the Covid-19 pandemic. There are … Continue reading “Now is not the time to go soft on globalisation (Part 1)”

We don’t know what the future holds, but we still need to make far reaching decisions.  Unlike F. A. Hayek, … Continue reading “Radical Uncertainty: Decision-making for an unknowable future (book review)”

The economic impact of higher top tax rates was one of the more contentious themes of the recent general election. … Continue reading “The impact of top marginal tax rates on the international mobility of superstar inventors”

Conventional economics has it that businesses adjust their investment spending decisions according to changes in the cost of capital.  At … Continue reading “Monetary policy: overrated”

Ever since James Watt was awarded a patent for the improvements he made to the Newcomen steam engine in January … Continue reading “The economic case against patents”

Randall Holcombe’s new textbook, Advanced Introduction to the Austrian School of Economics, is an important addition to the general Austrian economics … Continue reading “The diversity of modern Austrian thinking”