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, ...

“The broad-based fall in headline inflation to 2.6% in March is another step in the right direction. The services and core rates excluding food and energy are still relatively high, but they fell too.

Launched in 1955, the Institute of Economic Affairs has been explaining the intrinsic value of free markets, free speech and free trade. Please help us continue that work by making a gift today.

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 Sir John Whittingdale OBE MP’. This event will occur on Monday, 28 th April, from 18:00 – 20:30 at the IEA ...

“Today’s labour market data may represent the calm before the storm. Unemployment, employment and inactivity have remained roughly the same – not great but not getting worse. However, the vacancy and ...

This week, the IEA published a new paper authored by IEA Head of Lifestyle Economics Christopher Snowdon, which explores the correlation that alcohol advertising has ...

Firms, especially in the technology sector, sometimes move from Europe to the US, but rarely the other way around. This talk will discuss when and why they do so, using recent empirical findings on ...

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, ...

Is teaching anti-discrimination actually discriminatory? Woke culture has become ingrained in our schools, workplaces, and the NHS. As critical race theory has become more prevalent, some are leading ...

What is the UK Emissions Trading Scheme (UK ETS)? Let’s start with the basics. The UK Emissions Trading Scheme (UK ETS) is designed to encourage a reduction in C02 produced by both large industry and ...