Mancur Olson explained in The Logic of Collective Action (1965) that the free rider problem and the paradox of participation discourage rational consumers from taking collective action to oppose ...

The IEA will be hosting an upcoming event with Mario Rizzo on his book, “Escaping Paternalism”. This event will take place on Tuesday 25 th March from 18:00 – 20:30 at the IEA Westminster offices.

Consumers are the biggest losers from excessive lifestyle regulations, yet their views are largely absent from policy decisions Public health campaigners ignore consumers. They frame debates as ...

Britain can use its Brexit freedoms to scrap arbitrary restrictions on parallel imports and cut prices for consumers and public services The UK has copied EU rules that prevent the import of genuine, ...

Why do single-issue campaigners object to pragmatic solutions to the issues that concern them? The IEA’s ‘Not Invented Here’ series has discussed six major problems – malnutrition, smoking, obesity, ...

The existing economic framework of the United Kingdom begs an important question. Does it comply with critical criteria laid down in the seminal 1960s work of Robert Mundell on optimal currency areas ...

As a free-market economist, I talk about competition a lot. Of all the arguments for a market economy, the case for competition is the one that is probably easiest to make when talking to a hostile ...

Prohibition has never been an unalloyed success, to put it gently. The generational tobacco ban proposed in the Tobacco and Vapes Bill has never been tried before and would represent the first attempt ...

“Growth is simple, it’s either inventing new stuff or providing old stuff using fewer inputs. Net zero conversely is a political target that requires the UK to emit zero greenhouse gases (mostly CO2), ...

“No other country in the world has a state-sanctioned regulatory body of this kind – and the international football authorities are rightly suspicious of government interference in football. The ...

“This week, after much speculation, Trump has announced that his administration will levy a 25% import tax on all steel and aluminium products entering the United States from the 12th March. Tariffs ...

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 ...