In Defence of Liberty

Driven by data; ridden with liberty.

Category Archives: Economics

On the Living Wage

A surprise component of the first Conservative Budget since 1996 was a raise in the national minimum wage [1]. Delivering his seventh Budget [2], Chancellor George Osborne said: Because let … Continue reading

July 13, 2015

In Defence of Policy Analysis

Some predictions do not require soothsayers. When I heard that former Scottish First Minister Alex Salmond has criticised the Institute for Fiscal Studies, the economics research institution, I foresaw Mr … Continue reading

May 1, 2015

Murphy’s Flaw II

Richard Murphy of Tax Research UK writes that free market advocates reveal their “Hayekian bias”, listing ten assumptions supposedly made by market economists. Mr Murphy argues the probability of these … Continue reading

September 17, 2014 · 1 Comment

Tesco Taxes

A group of English local councils has requested that the government endow new powers to tax large supermarkets, dubbed the ‘Tesco Tax’. Derby City Council formally made this request under … Continue reading

August 8, 2014

The Purposes of Advertising

Advertising serves three main purposes: direct response, usually a purchase; brand awareness and customer loyalty. At the height of the wrenching anti-globalist movement, polemics against consumerism and advertising prospered, such … Continue reading

July 25, 2014

Economies of Scale in Education

Economies of scale are the cost advantages that organisations obtain due to their size, so the average cost per unit of production is reduced. This can be achieved through purchasing … Continue reading

February 16, 2014

Against Economic Patriotism

It is common to hear the refrain that people should buy locally, where this locality may be a town, a county or a nation. This is not a modern phenomenon: … Continue reading

February 3, 2014 · 1 Comment