IEA

The IEA, established in 1955, is the UK's pioneering think tank focused on free-market principles. Our goal is to enhance the understanding of key institutions in a free society by exploring and explaining how markets can address economic and social issues.

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Shares in Students: A New Model for University Funding

Nov 27, 2024 | iea.org.uk | Peter Ainsworth

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Jump in inflation should not delay further rate cuts, says Julian Jessop

Nov 20, 2024 | iea.org.uk | Julian Jessop

Commenting on the rise in inflation to 2.3% in October, IEA Economics Fellow Julian Jessop said:“UK inflation rebounded a little more than expected in October, to 2.3%, as a tick up in the ‘core’ measure added to the upward pressure from higher energy bills. “However, the increase in the ‘core’ measure was largely due to higher airfares – an erratic component which the Monetary Policy Committee should look through.
The case against Colbertism

Nov 19, 2024 | iea.org.uk | Kristian Niemietz |Len Shackleton

We’ve all heard Colbert’s famous one-liner about the art of taxation being that of plucking the goose to obtain the largest possible amount of feathers with the smallest possible amount of hissing. Well, stuff the goose. Jean-Baptiste Colbert may have been an energetic and resourceful finance minister, but I’m not a fan of the over-regulated dirigisme which was his continuing legacy to France – and nor do I approve of his cynicism towards taxpayers.
How Trumpism vs progressivism leaves classical liberals isolated

Nov 11, 2024 | iea.org.uk | Kristian Niemietz |Steve Davies

Donald Trump’s remarkable and decisive second election victory shows that the realignment of US politics that he brought about eight years ago has not gone away but has become even more entrenched. The Democrats are clearly on the wrong end of it. Trump and the Republicans gained among every social group and income bracket – apart from the over-65s, the rich, and college-educated women.
Classics revisited: "The End of History?" by Francis Fukuyama (1989)

Nov 8, 2024 | iea.org.uk | Kristian Niemietz

I used to know a chap who had the good fortune of looking nearly two decades younger than he actually was. Until he didn’t anymore. At some point, his biological age caught up with him with a vengeance. Nobody could say that he had “aged badly”. He simply looked his age. But I had not seen him in a year or so, and to me, it was as if he had aged almost twenty years in one go.
Why university needs to be more than a printing press for degrees

Nov 6, 2024 | iea.org.uk | Kristian Niemietz |Damian Pudner

UK universities were once heralded as the beacons of intellectual excellence, places where ideas were rigorously tested and where students emerged intellectually fortified, ready to face the world. Today, however, too many institutions have neglected that mission, prioritising revenue streams and inflated performance indicators over academic integrity.
Unplugging progress: the case against EV tariffs

Nov 4, 2024 | iea.org.uk | Kristian Niemietz |Matthew Prescod

Those of us who would welcome cheaper, greener vehicles, have cause for concern: Western policymakers seem keen on ensuring they stay expensive. Earlier this month, the EU slapped steep tariffs on Chinese electric vehicle (EV) imports, climbing up to 45% over a five-year period. Underlying the tariffs imposed by the EU in October, and the US earlier in May, is the belief that Chinese EVs will come to dominate their markets in the future, and that pre-emptive import taxes can forestall this.
Not Invented Here #1 - Obesity

Nov 1, 2024 | iea.org.uk | Kristian Niemietz |Chris Snowdon

This is the first in a series of articles about how ideological interest groups react when their institutional preferences are challenged by practical solutions. The Department of Health and Social Care says that obesity costs the NHS ‘up to £6.5 billion a year’. The health secretary Wes Streeting has claimed that it costs the NHS £11 billion a year.
Some thoughts on the Budget

Oct 31, 2024 | iea.org.uk | Kristian Niemietz

I don’t think there should have been a budget, at this point. Budgets are supposed to be delivered in March, just before the start of the new fiscal year. So what if there’s a new government? Labour’s tax and public spending priorities are not so radically different from those of the Conservatives that they could not have let the March 2024 budget run its course, with the usual adjustments here and there.
Are “populists” really our main problem? A critique of Nils Karlson’s “Reviving Classical Liberalism Against Populism”

Oct 25, 2024 | iea.org.uk | Kristian Niemietz |Daniel Klein

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 Nils Karlson about his much-discussed book Reviving Classical Liberalism Against Populism (2024). Apart from its treatment of populism, Karlson’s book is very good, particularly in probing the question: can classical liberalism be sustained if it does not answer people’s search for meaning?