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 ...

I am delighted to invite you to an upcoming IEA event, ‘In Conversation with Dr Tom Hurst and John Whittingdale MP’. This event will occur on Monday, 28 th April, from 18:00 – 20:30 at the IEA (2 Lord ...

The IEA is partnering with Cambridge Global Connect to offer research internships to international students passionate about economics and public policy. Through this initiative, the IEA is expanding ...

I am delighted to invite you to an upcoming IEA event, ‘In Conversation with David Friedman’. This event will occur on Wednesday, 7 th May, from 18:00 – 20:30 at the IEA (2 Lord North Street, ...

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, ...

ABOUT THE PROGRAMME This week-long programme for sixth formers is a way to get experience discussing economic ideas and concepts beyond the exam curriculum. The week will include lectures, discussions ...

Four tax reforms will take effect in April 2025. Using the PolicyEngine UK tax-benefit microsimulation model, we analysed these reforms, which will increase taxes by an average of £1,112 per household ...

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 ...

The Institute of Economic Affairs (IEA) is hosting a Sixth Form Conference in partnership with Uppingham School on Wednesday 12th March 2025. At the conference, students will have the opportunity to ...

Responding to a new report by Action on Smoking and Health, Dr Christopher Snowdon, Head of Lifestyle Economics at the free market think tank the Institute of Economic Affairs, said: “This is more ...

Inflation targeting fails to distinguish between demand and supply-side driven inflation, leading to suboptimal policy responses and delayed recovery from financial crises, such as the Covid-19 ...

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 ...