Kevin served the IEA with distinction for twenty-three years on the Board of Managing Trustees. He was a dedicated and committed trustee whose scrutiny of our affairs was both fearless and ...

Pricing would lead to more efficient investment and better use of existing capacity In this short classic, Friedrich von Hayek argues that our thinking is governed by language which reflects an ...

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 ...

Flying to Scotland from Southampton on a fine day recently, my eye soon picked up the brown streak across southern central counties that is the route of HS2. Earth works are almost complete, and much ...

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 ...

Given the high economic costs of fraud, the Economic Crime and Corporate Transparency Act 2023 aims to address the well-known deficiencies of the common law’s approach to corporate criminal liability ...

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 overview highlights the academic consensus on harmful consequences. Most studies (56 out of 65) find that rent controls succeed in lowering rents for controlled units, as intended. However, 14 out ...

Orwell’s iconic dystopia continues to resonate, but his prediction of the inevitable decline of liberal capitalism proved premature. Nineteen Eighty-Four was a prescient warning about how a small ...

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 ...

Many libertarians supported Brexit, believing it would reduce governmental layers and bring power closer to the British people. They saw it as an opportunity to escape the control of Brussels’ ...

Tom Clougherty is Executive Director and Ralph Harris Fellow at the Institute of Economic Affairs. He joined the IEA in December 2023, having spent nearly two decades holding senior roles at free ...