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, ...

In this short classic, Friedrich von Hayek argues that our thinking is governed by language which reflects an earlier mode of thought. Important analytical problems are in large measure obscured by ...

The Whetstone Freedom Fund (WFF) is an international initiative founded by the Institute of Economic Affairs in honour of the late Linda Whetstone, to support classical liberal ideas around the world.

Our Head of Lifestyle Economics Chris Snowdon has written for The Critic on Britain’s underground tobacco trade. The article said: “The growth of the black market explains why tobacco tax revenues ...

“Today’s disturbing labour market data, with falling payroll employment and vacancies coupled with rising unemployment, show the impact of the national insurance hike and employers’ anticipation of ...

In this Institute of Economic Affairs briefing, Director of Communications Callum Price interviews Professor Len Shackleton, ...

In this Institute of Economic Affairs Podcast, Managing Editor Dan Freeman interviews Aymen Aulaiwi, DPhil student at Lincoln ...

“The Bank of England is still likely to trim interest rates again next month, especially if tomorrow’s jobs data are weak. The latest inflation data are only just above the Bank’s own forecasts, which ...

Mandated employment benefits function as a ‘stealth payroll tax’ that ultimately reduce workers’ wages, not employers’ profits £5bn cost of new mandates in the Employment Rights Bill will be passed on ...

Research, analysis, podcasts and more from the UKʼs original free market think tank, founded in 1955. Click to read Institute of Economic Affairs | Insider, a Substack publication with tens of ...

Our Editorial and Research Fellow Len Shackleton has written for The Telegraph on the Employment Rights Bill “Labour market regulation hampers dynamism in many ways. Over pay, for example. Our ...