Economic Affairs

2003 - 2025

Current editor(s): Philip Booth

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Volume 28, month 12, 2008

EDITORIAL: HEALTHCARE: STATE FAILURE pp. 2-4

Tim Evans and Helen Evans

NHS AS STATE FAILURE: LESSONS FROM THE REALITY OF NATIONALISED HEALTHCARE pp. 5-9

Helen Evans

REALITIES OF HEALTH POLICY IN NORTH AMERICA: GOVERNMENT IS THE PROBLEM, NOT THE SOLUTION pp. 10-15

Brett J. Skinner

CHALLENGES OF MIXED‐ECONOMY SOLUTIONS IN HEALTHCARE: THE EXAMPLES OF SWITZERLAND AND SINGAPORE pp. 16-21

Pierre Bessard

RISE OF THE THERAPEUTIC STATE: NEW CHALLENGES FOR TWENTY‐FIRST‐CENTURY MEDICINE pp. 22-26

Tim Evans

THE OVERTAKING OF THE POLITICIANS: A LIBERTARIAN REFLECTS ON THE STATE OF THE BRITISH HEALTHCARE DEBATE pp. 27-31

Brian Micklethwait

FREEHOLDS AND FREEDOM: THE IMPORTANCE OF PRIVATE PROPERTY IN PROMOTING AND SECURING LIBERTY pp. 32-35

Paul Johnson

TESTING TIMES FOR CENTRAL BANKS – IS THERE ROOM FOR AUSTRIAN IDEAS AT THE TOP TABLE? pp. 36-41

Anthony Evans and Toby Baxendale

THE ECONOMIC SCIENCE FICTION OF CLIMATE CHANGE: A FREE‐MARKET PERSPECTIVE ON THE STERN REVIEW AND THE IPCC pp. 42-47

Graham Dawson

ECONOMIC PROGRESS AND CLIMATE CHANGE ISSUES: A DISSENTING VIEWPOINT pp. 48-52

David Henderson

THE IMPORTANCE OF SOLO PATROL IN POLICING A LIBERAL SOCIETY: A RESPONSE TO JOHN BLUNDELL pp. 53-56

Roy Bailey

ECONOMIC EFFECTS OF SMOKING BANS ON RESTAURANTS AND PUBS pp. 57-61

Barrie Craven and Michael Marlow

EMPLOYMENT OF OLDER WORKERS IN POLAND: ISSUES AND POLICY IMPLICATIONS pp. 62-67

Piotr Zientara

PENSION REFORM, POLITICAL PRESSURE AND PUBLIC CHOICE – THE CASE OF FRANCE pp. 68-71

Laura Thompson

MARKET FAILURE: A FAILED PARADIGM pp. 72-74

Philip Booth

BANKING ON SOCIALISM pp. 75-76

Terry Arthur

INFLATION: PLUS ÇA CHANGE pp. 77-79

G. Steele

AN APPEAL TO REASON: A COOL LOOK AT GLOBAL WARMING, BY NIGEL LAWSON pp. 80-81

Robert P. Murphy and David Boomer

‘GOLDEN RULES’ ARE NOT MADE TO BE BROKEN pp. 82-82

Tim Congdon

GLOBALISATION AND SOCIAL DEMOCRACY pp. 83-83

Razeen Sally

CROWDING OUT IN EDUCATION pp. 84-84

James Stanfield

A DANGEROUS EUROHAZARD pp. 85-85

Roger Bate

‘GREEN’ SCHOOL PROVIDES A LESSON IN WASTING RESOURCES pp. 86-86

John Meadowcroft

SEX, SCIENCE AND PROFITS ‐ By Terence Kealey pp. 87-88

Florence Heath

WIKINOMICS: HOW MASS COLLABORATION CHANGES EVERYTHING ‐ By Don Tapscott and Anthony D. Williams pp. 88-89

Claire Morgan

THE POLITICS OF FREEDOM: TAKING ON THE LEFT, THE RIGHT, AND THREATS TO OUR LIBERTIES ‐ By David Boaz pp. 89-89

John Blundell

THE FORTUNE AT THE BOTTOM OF THE PYRAMID: ERADICATING POVERTY THROUGH PROFITS ‐ By C. K. Prahalad pp. 89-91

Art Carden

THE POST‐AMERICAN WORLD ‐ By Fareed Zakaria pp. 91-92

Jan Zilinsky

THE BEST BOOK ON THE MARKET ‐ By Eamonn Butler pp. 92-92

Johan Wennström

CHINA: FRAGILE SUPERPOWER ‐ By Susan L. Shirk pp. 92-93

Roger Fox

Volume 28, month 09, 2008

EDITORIAL: THE ECONOMIC ANALYSIS OF INSTITUTIONS pp. 2-6

Martin Ricketts

TRANSACTION COST ECONOMICS: THE PRECURSORS pp. 7-14

Oliver Williamson

THE NEW INSTITUTIONAL ECONOMICS – A DIFFERENT APPROACH TO ECONOMIC ANALYSIS pp. 15-23

Eirik G. Furubotn and Rudolf Richter

INSTITUTIONS AND THE ENVIRONMENT pp. 24-31

Elinor Ostrom

SOME ALTERNATIVE APPROACHES TO UTILITY REGULATION pp. 32-37

Stephen Littlechild

IRISH NATIONAL LOTTERY SPORTS CAPITAL GRANT ALLOCATIONS, 1999–2007: NATURAL EXPERIMENTS ON POLITICAL INFLUENCE pp. 38-44

John Considine, Frank Crowley, Sinead Foley and Marie O’Connor

DOES THE IMPACT OF INSTITUTIONAL QUALITY ON ECONOMIC GROWTH DEPEND ON INITIAL INCOME LEVEL? pp. 45-49

José Aixalá and Gema Fabro

A SECURITISED MARKET FOR HUMAN CAPITAL pp. 50-56

Wei-Choun Yu and Donald M. Salyards

RAPID GROWTH IN CHINA AND THE ASIAN ECONOMIES: SOME STYLISED FREE‐MARKET POLICY INFERENCES pp. 57-61

Dilip K. Das

FAIR TRADE IS COUNTERPRODUCTIVE – AND UNFAIR pp. 62-64

David R. Henderson

INNOVATION NATION pp. 65-67

Terence Kealey

HAROLD WILSON'S DEVALUATION: A SALUTARY LESSON pp. 68-69

G. Steele

THE ENTREPRENEURIAL EMPLOYEE pp. 70-71

Joseph S. Fulda

‘THE GREATEST AND WIDEST‐RANGING MARKET FAILURE EVER SEEN’: REALLY? pp. 72-73

Arthur Ma

HIGH OIL PRICES ARE A BLESSING IN DISGUISE pp. 74-74

Tim Congdon

SOUTH‐EAST ASIA AND GLOBALISATION pp. 75-75

Razeen Sally

AFRICA'S GREAT LEAP BACKWARD pp. 76-76

James Stanfield

CHINA'S DANGEROUS DRUG EXPORTS pp. 77-77

Roger Bate

UNIVERSAL, FREE HEALTHCARE: DON'T BELIEVE THE HYPE pp. 78-78

John Meadowcroft

HAYEK AND HUMAN RIGHTS: FOUNDATIONS FOR A MINIMALIST APPROACH TO LAW ‐ by John C. W. Touchie pp. 79-80

Sandra Peart

PUBLIC SECTOR AUDITING: IS IT VALUE FOR MONEY? ‐ by Sir John Bourn and SYSTEMS THINKING IN THE PUBLIC SECTOR ‐ by John Seddon pp. 80-81

D. R. Myddelton

CREATING A WORLD WITHOUT POVERTY: HOW SOCIAL BUSINESS CAN TRANSFORM OUR LIVES ‐ by Muhummad Yunus pp. 81-81

Daniel Sacks

SEVEN YEARS THAT CHANGED THE WORLD: PERESTROIKA IN PERSPECTIVE ‐ by Archie Brown pp. 82-83

Jack Edmonds

FROM ANGER TO APATHY: THE BRITISH EXPERIENCE SINCE 1975 ‐ Mark Garnett pp. 82-82

John Blundell

OVER TO YOU, MR. BROWN: HOW LABOUR CAN WIN AGAIN ‐ by Anthony Giddens pp. 83-84

John Spiers

Volume 28, month 06, 2008

EDITORIAL: HOUSING FOR THE POOR: THE ROLE OF GOVERNMENT pp. 2-4

Peter King

BRITISH SOCIAL HOUSING AND THE VOLUNTARY SECTOR pp. 5-10

Robert Whelan

POLICIES IN THE UNITED STATES TO PROVIDE HOUSING ASSISTANCE TO LOW‐INCOME HOUSEHOLDS pp. 11-16

Ronald D. Utt

URBANISATION AND INFORMALITY IN AFRICA'S HOUSING MARKETS pp. 17-24

Karol Boudreaux

LOW‐INCOME HOUSING IN INDIAN CITIES: SOME CONSIDERATIONS FOR POLICY pp. 25-30

Zainab Bawa and Parth J. Shah

COMPETITION AND SOCIAL HOUSING IN EUROPE pp. 31-36

Michael Oxley, Marja Elsinga, Marietta Haffner and Harry Van Der Heijden

NO CHOICE: REFORMING SOCIAL HOUSING IN ENGLAND pp. 37-41

Peter King

VOUCHERS AND SCHOOL CHOICE: THE EVIDENCE pp. 42-47

Greg Forster

AN ETHICAL ASSESSMENT OF THE USE OF ECONOMIC SANCTIONS AS A TOOL OF FOREIGN POLICY pp. 48-52

Charles A. Rarick and Martine Duchatelet

THE GLOBAL IMBALANCES: WHAT IS THE PROBLEM? pp. 53-58

Warner Corden

COMMENTS ON ‘THE GLOBAL IMBALANCES: WHAT IS THE PROBLEM?’, THE 2007 WINCOTT LECTURE, GIVEN BY MAX CORDEN pp. 59-62

Martin Wolf

BUYING LOCAL IS NOT NECESSARILY GREEN pp. 63-64

Andrew Lilico

HIGH COTTON: WHY THE USA SHOULD NOT PROVIDE SUBSIDIES TO COTTON FARMERS pp. 65-66

Madeline Helling, Scott Beaulier and Joshua Hall

FRIEDRICH HAYEK: THE COMPLETE ECONOMIST pp. 67-69

G. Steele

THE MOST IMPORTANT BOOK ON THE MOST IMPORTANT TOPIC OF OUR DAY: A REVIEW OF AFTER WAR: THE POLITICAL ECONOMY OF EXPORTING DEMOCRACY, BY CHRISTOPHER J. COYNE pp. 70-72

Peter Boettke

EDITORIAL pp. 73-73

Philip Booth

FREE MARKETEERS SHOULD SUPPORT STUDENT‐CENTRED FUNDING pp. 74-75

Greg Forster

AN IDEA WHOSE TIME HAS COME pp. 76-77

Paul Marshall

CAN THE PUPIL PREMIUM WORK? pp. 78-79

Sam Freedman

HAS ANYBODY THOUGHT ABOUT THE COSTS? pp. 80-81

Andrew Haldenby

PREMIA POST‐16: NOT SO EASY? pp. 82-84

Alison Wolf

COMMENT ON THE PUPIL PREMIUM pp. 85-86

David Laws

COMMENT ON THE PUPIL PREMIUM pp. 87-88

Michael Gove

SHOULD THE BANK OF ENGLAND EXIST? pp. 89-89

Tim Congdon

THE POLITICAL ECONOMY OF POLICY REFORM: THE DEVELOPING‐COUNTRY EXPERIENCE pp. 90-90

Razeen Sally

ANOTHER HOLE IN THE WALL pp. 91-91

James Stanfield

FREE TRADE IMPROVES YOUR HEALTH pp. 92-92

Roger Bate

ARE THE LIBERAL DEMOCRATS THE PARTY OF LIBERTY? pp. 93-93

John Meadowcroft

THE MYTH OF THE RATIONAL VOTER ‐ By Bryan Caplan pp. 94-95

John Meadowcroft

L’HOMME LIBRE: FESTSCHRIFT IN HONOUR OF PASCAL SALIN ‐ Edited by Mathieu Laine and Guido Hülsmann pp. 95-95

Oskari Juurikkala

DISCOVER YOUR INNER ECONOMIST ‐ By Tyler Cowen pp. 96-96

John Blundell

BAD SAMARITANS: RICH NATIONS, POOR POLICIES AND THE THREAT TO THE DEVELOPING WORLD ‐ By Ha‐Joon Chang pp. 96-97

Johan Wennström

THE SCIENCE OF SUCCESS: HOW MARKET‐BASED MANAGEMENT BUILT THE WORLD'S LARGEST PRIVATE COMPANY ‐ By Charles G. Koch pp. 97-98

Roger Fox

MODERN CATHOLIC SOCIAL TEACHING: COMMENTARIES AND INTERPRETATIONS ‐ Edited by Kenneth R. Himes pp. 98-100

Philip Booth

OPPOSING THE CRUSADER STATE: ALTERNATIVES TO GLOBAL INTERVENTIONISM ‐ Edited by Robert Higgs and Carl P. Close pp. 100-101

Katharine Cornell Gorka

MULLAHS, MERCHANTS, AND MILITANTS: THE ECONOMIC COLLAPSE OF THE ARAB WORLD ‐ By Stephen J. Glain pp. 101-102

Farzana Chowdhury

Volume 28, month 03, 2008

EDITORIAL: NEW PERSPECTIVES ON THE ECONOMICS AND POLITICS OF AGEING pp. 2-3

Philip Booth and Nick Silver

THE YOUNG HELD TO RANSOM – A PUBLIC CHOICE ANALYSIS OF THE UK STATE PENSION SYSTEM pp. 4-10

Philip Booth

PUNISHING THE POOR: A CRITIQUE OF MEANS‐TESTED RETIREMENT BENEFITS pp. 11-16

Oskari Juurikkala

OLDER WORKERS, GOVERNMENT AND BUSINESS: IMPLICATIONS FOR AGEING POPULATIONS OF A GLOBALISING ECONOMY pp. 17-22

Brad Jorgensen and Philip Taylor

THE ECONOMICS, POLITICAL AND FINANCIAL IMPLICATIONS OF AGEING POPULATIONS pp. 23-28

Gabriel Stein

DEMOGRAPHIC EFFECTS ON ECONOMIC GROWTH AND CONSEQUENCES FOR THE PROVISION OF PENSIONS pp. 29-34

Nicholas Misoulis

SUSTAINABLE PENSION REFORM IN INDIA: TOWARDS A MARKET‐BASED SYSTEM pp. 35-40

Oskari Juurikkala

LEARNING TO WALK BEFORE WE CAN PRICE: THE COSTS AND BENEFITS OF ROAD PRICING POLICIES pp. 41-46

Alex Bowerman

A NEW MODEL FOR PUBLIC SERVICES pp. 47-51

Fiona Bulmer

DEFINING, MEASURING AND DEFENDING LIBERTY: A REVIEW OF THE QUALITY OF FREEDOM BY MATTHEW H. KRAMER AND NORMS OF LIBERTY: A PERFECTIONIST BASIS FOR NON‐PERFECTIONIST POLITICS BY DOUGLAS B. RASMUSSEN AND DOUGLAS J. DEN UYL pp. 52-57

Elaine Sternberg

REPAIRING THE CRACKS: THE SUPERVISORY ROLE OF THE BANK OF ENGLAND POST‐NORTHERN ROCK pp. 58-59

David B. Smith

BINGE BORROWERS OR RATIONAL CONSUMERS? THE FSA AND GOVERNMENT FAILURE pp. 60-62

Graham Dawson

WINNERS AND LOSERS FROM DOLLAR DEPRECIATION pp. 63-65

Sergio Da Silva, Gabrielle De Lima and Roberto Meurer

DEVELOPING A CONSTITUTION FOR A LIBERAL EUROPEAN UNION pp. 66-69

George Herbert

AN ECONOMICALLY LIBERAL EUROPEAN UNION WILL NOT BE DELIVERED BY THE EU REFORM TREATY pp. 70-73

Ruth Lea

A REVIEW OF THE COLLECTED WORKS OF F. A. HAYEK: VOLUME II, THE ROAD TO SERFDOM: TEXT AND DOCUMENTS – THE DEFINITIVE EDITION, EDITED BY BRUCE CALDWELL pp. 74-76

John Blundell

GOVERNMENT SHORT‐TERMISM AND THE TAX SYSTEM pp. 77-77

Tim Congdon

EUROPE AND ASIA pp. 78-78

Razeen Sally

THE SECRET HISTORY OF HIGHER EDUCATION IN THE USA pp. 79-79

James Stanfield

GREEN POLICIES, RATHER THAN A WARMING PLANET, WILL CAUSE MORE DEATH pp. 80-80

Roger Bate

DO WE REALLY WANT TO MAKE POVERTY HISTORY? pp. 81-81

John Meadowcroft

THE BOTTOM BILLION: WHY THE POOREST COUNTRIES ARE FAILING AND WHAT CAN BE DONE ABOUT IT ‐ by Paul Collier pp. 82-83

Christopher Coyne

THE POLITICAL FUTURE OF SOCIAL SECURITY IN AGING SOCIETIES ‐ by Vincenzo Galasso pp. 83-84

Philip Booth

KEYNES, THE KEYNESIANS AND MONETARISM ‐ by Tim Congdon pp. 84-85

Forrest Capie

THE FORGOTTEN MAN: A NEW HISTORY OF THE GREAT DEPRESSION ‐ by Amity Shlaes pp. 85-86

Katharine Cornell Gorka

JUNK MEDICINE: DOCTORS, LIES AND THE ADDICTION BUREAUCRACY ‐ by Theodore Dalrymple pp. 86-87

Jacob Sullum

ANARCHY, STATE AND PUBLIC CHOICE ‐ Edited by Edward Stringham pp. 87-88

Ralf M. Bader

THE AGE OF ABUNDANCE: HOW PROSPERITY TRANSFORMED AMERICA'S POLITICS AND CULTURE ‐ by Brink Lindsey pp. 88-89

John Blundell

BUCK WILD: HOW THE REPUBLICANS BROKE THE BANK AND BECAME THE PARTY OF BIG GOVERNMENT ‐ by Stephen Slivinski pp. 89-90

Johan Wennström

THE ORIGIN OF WEALTH: EVOLUTION, COMPLEXITY AND THE RADICAL REMAKING OF ECONOMICS ‐ by Eric D. Beinhocker pp. 90-91

Nick Silver