Institute of Economic Affairs is a London-based think-tank. The IEA was founded in 1955 by Sir Anthony Fisher and Lord Harris. Originally the group published a series of papers. By 1963, it was incorporated as a private company. Over the years, a number of economists who wrote for IEA publications would go on to receive Nobel Prizes in their field. The Institute has become influential, and has the objective of contributing to public debate about economic and social policy in order to have even more influence. At its heart, then, the Institute is a communications organisation, with a focus on putting forth the ideas of free market economics into public discourse through variety of communications channels. The IEA characterizes itself as a 'free-market think-tank.' Its mission is to "improve understanding...
These principles, which espouse the free market as a solution to all manner of economic and social problems, guide the research that is conducted to the conclusions it reaches. At the heart of the Institutes belief system is the idea that "society's problems and challenges are best dealt with by individuals, companies and voluntary associations interacting freely with each other without interference from politicians and the state."
Economic Effect of Legalizing Drugs The program for banning the trading and using of narcotic drugs like cocaine, heroine, and marijuana is one of the most essential public welfare program, attracting so much political discourse on the effectiveness of the 'war on drugs' and the substitute programs like legalization, rehabilitation through decriminalization, drug treatment, and medical marijuana. Economists vehemently criticized the success of the war on drugs pointing to the adverse
Kenya: A Case Study in Reform From its rough beginnings, Kenya has instituted a series of economic reforms in an attempt to raise the condition of the Kenyan people. They are an attempt to bring the Kenyan people out of a state of poverty and repression to one of stability and security about their ability to sustain themselves. Each reform has been better than the last, but they are still far
Energy costs increased substantially and the yen's exchange rate was shifted to a floating rate. The eventual recession reduced expectations of future growth and reduced private investment. Economic growth went down from 10% to 3.6% during the period 1974-79 and to 4.4% in the decade of the 80s. But despite the oil crisis and its consequences, Japan's major export industries stayed competitive through its cost-cutting policy and increasing efficiency.
A key factor that has prompted South Korea's growth has been its strong export emphasis where growth of exports climbed 21% each year (3). The policy makers of South Korea have emphasized on skilled and high quality industries such as the motor vehicle industry and electronics manufactures. This has made South Korea currently to have the sixth largest motor vehicle industry in the world. The country is also now the
Economic development of Eastern and Western Europe over the course of the nineteenth and twentieth centuries obviously differed, but not to the extent that historians or economists have frequently imagined. Put simply, the economic histories of Eastern and Western Europe are frequently viewed according to either region's differing political organizations, with the capitalist West opposed to the Communist East, but in reality, the period of time defined by the rise
It is also argued that the insurance mandate is not constitutional since the government does not have the right to tell the United States citizens what products to purchase, even when these products are beneficial for them, and even less when the socio-economic impact of purchasing the respective items is questionable (Savage, 2009). Arguments against changing the direction of the policy Once again delaying any measures to restructure and resolve the two
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