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       Posted on December 19th, 2011

Crises of Governments: The Ongoing Global Financial Crisis and Recession

This research published by the Institute of Economic Affairs highlights how stimulus measures pursued by Western governments in response to the economic crisis have not worked, and why, without drastic fiscal and tax reform, Western countries will not resolve their sovereign debt crises.

Taken from a lecture delivered for the Institute earlier [...]


       Posted on November 27th, 2011

The case against a financial transactions tax

New research released by the IEA argues against the European Commission’s proposed financial transactions tax, showing that it will not prevent any potential future crash and will instead simply see the costs borne by consumers of financial products – future pensioners and mortgage customers etc.

Highlights:

There is strong economic evidence that the [...]


       Posted on March 27th, 2011

Restructuring the UK Tax System: Some Dynamic Considerations

The features that should be found in a well-designed tax system and have been known since Adam Smith’s maxims appeared in Volume 2 of The Wealth of Nations in 1776. A well-designed tax system should have the following features:

taxes should be imposed at the lowest rate possible
the tax system should be as simple [...]


       Posted on October 10th, 2010

The Moral Limits to the Market Economy, and the Financial Crash

In the thirtieth IEA Discussion Paper, Philip Booth examines the moral limits to the market economy. Christians often express concerns about the way in which self interest in the market economy can become disordered or bent and thus manifest itself in greed, selfishness and exploitation. However, this paper argues that a market economy [...]


       Posted on September 26th, 2010

Hayek’s The Constitution of Liberty: An Account of Its Argument

F. A. Hayek’s The Constitution of Liberty has had a profound effect on the thinking of a generation of scholars, students and even politicians. There is a sense in which it is regarded as a manifesto of traditional liberalism. But the book has a complex underlying argument, and the philosophy is often difficult [...]


2 pages