Commenting on the Bank of England’s decision to hold interest rates, Julian Jessop, Economics Fellow at the free market think tank the Institute of Economic Affairs, said: “The Bank of England’s ...

The Board of Trustees of the Institute of Economic Affairs (IEA) is delighted to announce that David Frost will become Director General and Ralph Harris Fellow of the Institute in January 2026. His ...

Each year, the Government publishes international energy price comparisons. The data is sourced from the IEA and covers industrial and domestic gas and electricity prices. The latest data for 2023 was ...

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 ...

The idea for this book was initially suggested by Chris Tame of the Libertarian Alliance. Historical free banking came to prominence in the early 1980s with Lawrence H. White’s work on Scottish free ...

· In the past 50 years, labour market participation among older people has declined significantly, though the trend has reversed a little in recent years. In the EU, about 70 per cent of people aged ...

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 ...

‘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 ...

This discussion paper provides the first estimate of the net effect of smoking on UK taxpayers per annum. Up until now, estimates have used a methodology that typically includes intangible costs, ...

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 ...

The branch of economics that studies preferences and choices as they relate to costs and benefits is the natural starting point – indeed the only apparent candidate for a rational starting point – for ...

“English votes for English laws” no solution to problems caused by devolution · The UK’s current devolution settlement leads to unrepresentative government and has an inbuilt bias towards “big ...