Will the view from the next hill be worth the effort of climbing it? Should you spend time learning the … Continue reading “Public choice theory – the economics of government failure”

Wednesday last week was a happy day here at the Institute of Economic Affairs (IEA). George Monbiot of the Guardian … Continue reading “George Monbiot should study the subject he so often talks about”

…continued from Part 1.   The Institutional Problem Revealed through Global Indices One could arguably blame the aforementioned problems in … Continue reading “Greece – the conundrum of currency and institutions (Part 2)”

As Uber, an app which connects riders with private drivers, has spread throughout Europe, it has been met with backlash … Continue reading “Does regulation serve the public interest?”

Rail fares per passenger-kilometre are on average around 30 per cent higher in Britain than in comparable Western European countries. … Continue reading “Is privatisation to blame for high rail fares?”

It is sad to report the death of Gordon Tullock. He was a friend, likeable and respected as a great … Continue reading “Gordon Tullock, R.I.P.”

In the heyday of state interventionism that followed World War II, it fell to a relatively small group of economists … Continue reading “Sir Alan Peacock (1922-2014)”

‘What are the foundations of a free society?’ asks a recent IEA publication. What key components are essential for realising … Continue reading “Holding elites to account”

Friends of the IEA will be sorry to hear of the death of James M. Buchanan, the US economist and … Continue reading “James M. Buchanan R.I.P.”