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transaction costs.

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The financial sector: unpopular but useful

17 February 2021
Economic Theory

The financial sector: unpopular but useful

Philip Booth
17 February 2021
In many ways we take the financial sector for granted. We tend to assume that we would be more prosperous … Continue reading “The financial sector: unpopular but useful”

Let’s have less PFI – by reducing the scope of the state

2 February 2018
Economic Theory

Let’s have less PFI – by reducing the scope of the state

Philip Booth
2 February 2018
In the UK, a furore has broken out over the failure of a company called Carillion. The focus of the … Continue reading “Let’s have less PFI – by reducing the scope of the state”

The new Taylorism misunderstands the changing nature of work

19 July 2017
Economic Theory

The new Taylorism misunderstands the changing nature of work

Diego Zuluaga
19 July 2017
A little over 100 years ago, the American engineer Frederick Winslow Taylor outlined in his book Principles of Scientific Management … Continue reading “The new Taylorism misunderstands the changing nature of work”

Economists need to look beyond their fancy models, and study transaction costs

10 April 2017
Economic Theory

Economists need to look beyond their fancy models, and study transaction costs

Philip Booth
10 April 2017
If you were to ask an economist why financial institutions or food retailers exist, I wonder if the answer would … Continue reading “Economists need to look beyond their fancy models, and study transaction costs”

Why it’s a good thing when languages die out: a boorish philistine’s take

13 January 2017
Economic Theory

Why it’s a good thing when languages die out: a boorish philistine’s take

Kristian Niemietz
13 January 2017
According to UNESCO, 230 of the world’s languages have died out over the past sixty years. Many more, UNESCO claims, … Continue reading “Why it’s a good thing when languages die out: a boorish philistine’s take”

Tomorrow 3.0

5 February 2016
Economic Theory

Tomorrow 3.0

Michael Munger
5 February 2016
There have been two enormous “revolutions” in human history. The first was the Neolithic, or the wide scale switch from … Continue reading “Tomorrow 3.0”

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Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of the markets in solving economic and social problems. Given the current economic challenges facing Britain and the wider global environment, it is more vital than ever that we promote the intellectual case for a free economy, low taxes, freedom in education, health and welfare and lower levels of regulation.

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