Introduction – Why this book is needed F. A. Hayek (1899–1992) was one of the most important social thinkers of … Continue ...

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 ...

Sin taxes can cost poor families up to ten times more than they cost the wealthy There should be no debate about whether taxes on food, alcohol, tobacco and soft drinks (‘sin taxes’) are regressive.

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 ...

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 ...

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 ...

Britain is moving in a decidedly cashless direction. In the decade between 2012 and 2022, cash payments fell from 54 per cent to 14 per cent according to UK Finance. This isn’t happening because of ...

Measuring taxation and government spending as a proportion of national income is beset with difficulties. However, it is clear that there has been a strong upward trend in taxation and government ...

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 ...

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 ...

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 ...

Since 2019, there have been many attempts to put a cost on achieving net zero by 2050, with wildly different results. The Climate Change Committee (CCC) has repeatedly revised down its estimates for ...