Chancellor Rachel Reeves faces £30 billion ‘fiscal black hole’ by 2029-30, requiring tax rises or spending cuts to meet fiscal rules Taxing the rich cannot bridge the gap – each 1p rise in the top ...

‘Market failure’ is a term widely used by politicians, journalists and university and A-level economics students and teachers. However, those who use the term often lack any sense of proportion about ...

April 19 2016, Free Republic, Bernie’s right – America should be more like Sweden; But not in the way he thinks April 19 2016, Reason, Bernie’s right – America should be more like Sweden; But not in ...

Colonialism and the slave trade were, at best, minor factors in Britain’s prosperity and may have been net lossmakers. An increasingly prominent anti-capitalist narrative claims that empire and ...

Introductory Remarks In recent decades, economics and related policy sciences have taken what might be called a ‘behavioural turn’. Once-dominant theories of rationality and human behaviour have been ...

Between 3 – 8 July 2017, the Institute of Economic Affairs and the Adam Smith Institute jointly held Freedom Week, a series of seminars aimed at students with an interest in classical liberalism, at ...

The policy reaction to the Covid-19 pandemic will increase budget deficits massively in all the world’s leading countries. The deficits will to a significant extent be monetised, with heavy state ...

As Fidel Castro progressed slowly toward Havana in the first days of 1959, he was met by huge crowds of enthusiastic supporters. The ex-president, Fulgencio Batista, had fled in the early hours of New ...

When this blog was launched over a decade ago, most of my articles were rebuttals of the latest nonsense I had read in the Guardian or the Independent. Those publications are, unfortunately, still ...

There is strong support for the idea of a universal basic income (UBI) right across the political spectrum. Advocates include the Greens, who proposed the policy in their 2017 manifesto, and John ...

This article was first published on the Institute of Economic Affairs Substack. Official figures recently published by HMRC indicate a huge rise in illicit tobacco sales in the UK since 2021. The ...

The IEA is today delighted to announce the appointment of a new Chairman to its Board of Trustees. Neil Record replaces Professor David Myddelton, who has been Chairman since 2001. Neil Record is ...