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COVID-19

September 2, 2020
Published by IEA at September 2, 2020
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The Response to the Pandemic: a Hayekian View

Socio-economic systems should be understood as ‘complex’ phenomena that cannot effectively be controlled or managed through central planning. In general, markets and other decentralised governance mechanisms that rely on competition and signalling are better placed to facilitate learning and adaptation in conditions of complexity.
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August 6, 2020
Published by IEA at August 6, 2020
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Chinese Puzzle

Covid–19 is provoking a major reorientation of the foreign policy of the US and Europe. At the heart of this is their changing relationship with China. Before the Coronavirus there were concerns over the actions of the Chinese government, but the pandemic has given rise to fears of a new Cold War.
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June 25, 2020
Published by IEA at June 25, 2020
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Coronavirus and the Economic Value of Human Life

The Covid-19 crisis has provided many grim examples of some familiar problems in health economics and cost-benefit analysis, and of the ‘tragic choices’ that sometimes need to be made.
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June 18, 2020
Published by IEA at June 18, 2020
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Inflation: the Next Threat?

The policy reaction to the Covid-19 pandemic will increase budget deficits massively in all the world’s leading countries. The deficits will to a significant extent be monetised, with heavy state borrowing from both national central banks and commercial banks.
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May 14, 2020
Published by IEA at May 14, 2020
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Model Behaviour: How Economists Can Shape the Post-lockdown Word

The seminal work on epidemiological models was carried out in the late 1920s and early 1930s. The models have developed substantially since then, but their key drivers are still essentially those discovered nearly a century ago.
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