September 28, 2018

Free Trade and How It Enriches Us

Free trade improves the well-being of all parties to it. The most significant way that trade achieves this outcome is by enabling and incentivising specialisation in production, and also encouraging mechanisation and innovation. As specialisation deepens, and as mechanisation and innovation advance, the per-person output of goods and services increases.
May 1, 2014

Economic Freedom in the Eu: Mediocre Today – World Leader Tomorrow?

Five years since the outbreak of the most severe economic crisis of our time, there is widespread consensus that today’s levels of unemployment, exclusion, deficit, and debt are unsustainable and need to be addressed.
January 1, 2014

Income From Work – the Fourth Pillar of Income Provision in Old Age

The benefits of increasing labour participation rates in old age flow both to the individual – in terms of improved health and increased incomes – and to society as a whole as greater employment at older ages will reduce the costs of ageing populations.
May 1, 2013

Work Longer, Live Healthier: The Relationship Between Economic Activity, Health, and Government Policy

Higher state pension ages are not only possible (given longer life expectancy) and desirable (given the fiscal costs of state pensions) but later retirement should, in fact, lead to better average health in retirement.
November 1, 2012

Barriers to Prosperity – Developing Countries and the Need for Trade Liberalisation

Non-tariff barriers are an important impediment to trade for less developed countries. They need to be brought to the forefront of the trade debate if developing countries are to move into the export of higher value added products.
June 1, 2012

The Shadow Economy

Measurement of the shadow economy is notoriously difficult as it requires estimation of economic activity that is deliberately hidden from official transactions. Surveys typically understate the size of the shadow economy but econometric techniques can now be used to obtain a much better understanding of its size.
September 1, 2009

The ‘Google Affair’ and the Future of the Internet

Can the supply of material on the web be regulated? How to take action on content considered offensive? But above all, where does responsibility lie? Does it lie with the creator of the content, or with the infrastructure through which it flows?