Suppose there are two countries, 1 and 2, and two (mutually exclusive) policies, X and Y. In Country 1, the majority … Continue reading “Brexit: For free-market liberals, the hard work only begins now”

George Akerlof and Robert Shiller, in their recent book Animal Spirits, argued that economists tend to focus on what is … Continue reading “We’re now as unpopular as you”

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”