https://iea.org.uk/wp-content/uploads/2026/03/IEA_DP147_The-Genius-of-Adam-Smith_v3-Digital-1.pdf In the Wealth of Nations, Adam Smith argues that individuals ...

Since 2019, there have been many attempts to put a cost on achieving net zero by 2050, with wildly different results. The Climate Change Committee (CCC) has repeatedly revised down its estimates for ...

New analysis suggests gross costs of net zero could exceed even the highest official predictions of £7.6 trillion Official estimates of the cost of net zero are often driven by “fantasy assumptions” ...

In the early 2010s, a number of campaign groups made the case for the introduction of what they called a ‘living wage’, with rates substantially above the statutory national minimum wage. These groups ...

From the price of a steel girder, to the fertiliser you put on your lawn and all the way down to the electricity you use, if it produces CO2 to make it, you need to pay for the CO2. But how? A complex ...

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 ...

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 ...

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 ...

Karl Marx’s influence among intellectual elites underwent a massive rebound in recent years. In 2018, mainstream publications including the New York Times, the Economist, and the Financial Times ran ...

While most people would probably agree that individuals should be free to consume adult entertainment even if others find it morally objectionable, few would argue that children should have access to ...

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 ...

National Service, another failed idea that never dies, is in the news again. It would be tempting to dismiss the proposals that are currently being discussed as a short-lived election gimmick, and ...