The Shadow Monetary Policy Committee (SMPC) is a group of independent economists whose purpose is to monitor the decisions of the Bank of England’s official Monetary Policy Committee and make policy ...

Dr Steve Davies is the Senior Education Fellow at the IEA. Previously he was program officer at the Institute for Humane Studies (IHS) at George Mason University in Virginia. He joined IHS from the UK ...

Price controls damage markets by preventing the supply of products rising to meet demand. They can cause significant welfare losses, a deterioration in product quality, a reduction in investment and, ...

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 ...

The IEA is an educational charity and free market think tank. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets ...

‘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 ...

Dr Kristian Niemietz is the IEA’s Editorial Director and Head of Political Economy at the IEA. He studied Economics at the Humboldt University Berlin and the University of Salamanca, graduating in ...

I was recently watching the video “Are Populists Destroying Democracy?” on the IEA’s Youtube channel, in which the IEA’s Editorial Director Kristian Niemietz interviewed Swedish political scientist ...

The cost-of-living crisis has been worsened by longer-term structural factors, beyond the immediate issues posed by loose monetary policy and supply-side constraints. Indeed, there were discussions ...

The UK’s trade patterns with the EU fail to show a Brexit effect, either since the referendum or the end of the transition period. Trade continued to grow between 2016 and the conclusion of the Brexit ...

In The Road to Serfdom F. A. Hayek set out the danger posed to freedom by attempts to apply the principles of wartime economic and social planning to the problems of peacetime. Hayek argued that the ...

We are delighted to announce this year’s competition for A- Level and IB students, with a 1 st prize of £500 and £250 each for three runners up. There is also a prize of £500 for the school with the ...