Market failures are not simply outcomes you do not like. They are institutional inefficiencies such as externalities (where a proportion … Continue reading “When market failure attracts rent-seekers”

In 2009, Liz Truss, then Deputy Director of the Reform think tank, now Foreign Secretary, wrote about green technology: “Vast … Continue reading “The CF Industries bailout is a terrible folly”

The UK government has published its proposed legislation to implement a temporary cap on domestic energy prices. Those encouraged by … Continue reading “The government’s ‘temporary’ energy price cap is bad economics”

Predictably, those who demand more government spending both when the economy is doing well and badly are calling for increases … Continue reading “Six policies Prime Minister May should embrace to revitalise growth”

On 10 October 2015, European Students for Liberty held their London Regional Conference. The IEA’s Kristian Niemietz gave a presentation on … Continue reading “ESFL conference speech: Why free-marketeers have the best solutions to poverty”

The British government has just given the green light to the Hinkley Point C nuclear power station in Somerset. The … Continue reading “Environmentalism, nuclear power and the end of competitive energy markets”

Even in its current shackled and constrained form, modern capitalism still has a lot to show for it. One of … Continue reading “Freeing the poor from the cost of environmentalism”

Let us set aside the argument about whether global warming is a serious threat that we can address through Government … Continue reading “Running out of steam?”

The decision to abandon nuclear power will increase Germany’s short-term dependency upon fossil fuel as it engages with long-term aspirations … Continue reading “A Promethean tragedy: the ultimate green economy”