Browsing Category Economics

At last some sense on climate change

A few years back perennial BS vendor Naomi Klein wrote a book called This Changes Everything. She argued, in typically economically illiterate fashion, that the threat of climate change requires us to reject mainstream economics and instead embrace the sort of socialist, planned economy that she has always supported. Klein and her ilk’s political opportunism may explain why so many on the right are sceptical…

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We should be careful glorifying Denmark

Last week, Denmark was mentioned in a American TV debate between Bernie Sanders and Ted Cruz. Instinctively, as a Dane, I always feel a sense of pride whenever Denmark is mentioned on the big stage. However, in this instance I would like to take a step back and look at the facts because Denmark is far from the utopia politicians and pundits often claim it…

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Why are houses in London so expensive?

Oxford Economics’s Ian Mulheirn writes that London’s housing market isn’t expensive because of a lack of building, and building more wouldn’t lower prices. I disagree.  Claim one: housebuilding has outstripped household formation, so if anything we have a surplus of housing.  Household formation is “endogenous” – it is determined, to some extent, by housing availability. My flatmate and I count as a single household, even though…

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To the late, great, Bob Bee

Robert Bee, 1925-2017 We were sad to hear of the death of Bob Bee, 92, former Chairman of the AdamSmith Institute. He was a US citizen, but moved to London in 1978 to becomechairman of the London Interstate Bank. As a fervent supporter of liberty and freemarkets, he joined the board of the Adam Smith Institute and soon became itsChairman. He used his extensive City…

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We get it, you did a blog about vaping

I love teasing my friends who use e-cigarettes. There’s something intrinsically uncool about e-cigs – they’re gadgety, a bit silly-looking thanks to their chunkiness and the huge clouds of vapour they produce, and bring to mind the sort of middle aged geezer who hangs around CAMRA beer festivals with a beer checklist. I love to send my friend Dan photos of new vape shops that…

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