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 ...

Economics 101 has landed! The first in a two-part series, providing 33 films in total, will cover everything from basic economic theory to important historical case studies; guaranteeing viewers will ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

A comment from a Woman’s Own interview in 1987 is often repeated, but rarely in context: ”There is no such thing as society”. Its relevance was made explicit with the publication of the second volume ...

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 ...

Many readers will be familiar with the concept of the Bootleggers and Baptists, in which self-interested businesses find common cause with moral busybodies in rigging the market against consumers. The ...