IEA Podcast

This is a recording of a speech given by Benedict Evans at a joint Institute of Economic Affairs and Information Technology and Innovation Foundation conference called 'The Meaning of Competition: Assertive Antitrust Enforcement and The Digital Economy' on Thursday 4th November 2021.

Benedict Evans has spent 20 years analysing mobile, media and technology, and worked in equity research, strategy, consulting and venture capital. Benedict is now an independent analyst. Mostly, that means trying to work out what questions to ask.

Benedict writes about things he is trying to understand, and a weekly newsletter with over 160,000 subscribers, and gives presentations pulling together these ideas.

In May 1946, Hayek delivered the seminal Stafford Little Lecture at Princeton University, laying out his influential ideas of competition as a rivalrous process by which information is discovered. Celebrating the 75th anniversary of the lecture, the conference reinvigorated Hayek’s legacy in these times of aggressive antitrust enforcement in the digital economy. Jointly organised by the Schumpeter Project on Competition Policy at the ITIF, and the IEA’s Regulatory Affairs Programme, we debated current conceptions and misconceptions of the meaning of competition in the digital era.

The Institute of Economic Affairs is recognised as one of the most influential think tanks in the UK, and its history is closely associated with ideas of Friedrich A. Hayek. We are delighted to host our distinguished speakers and guests today.

Founded in 2006, the Information Technology and Innovation Foundation (ITIF) is the world’s top think tank for science and technology policy in the latest edition of the University of Pennsylvania’s authoritative Global Go To Think Tank Index. ITIF's mission is to formulate, evaluate, and promote policy solutions that accelerate innovation and boost productivity to spur growth, opportunity, and progress.

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Markets and Morality is back with a new host, Director of EPICENTER Adam Bartha. Adam is joined by Media Campaign Manager for the Taxpayer's Alliance, Danielle Boxall and Research Director for the Entrepreneurs Network, Sam Dumitriu. In this episode, they discuss their least favourite UK taxes.

 

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In this episode of The Swift Half, Chris sits down with Andrew Lilico (Executive Director and Principal of Europe Economics), to discuss the threat posed by the Omicron variant.

 

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In the latest IEA Podcast, IEA Communications & Public Affairs Officer, Kieran Neild Ali, sat down with Professor Paul Ormerod to discuss how economics could have improved Covid public policy.

The two looked at how economic incentives and behavioural preferences could have helped formulate more effective Covid policy.

Professor Paul Ormerod is a member of the Advisory Council at the Institute of Economic Affairs and a fellow of the British Academy for the Social Sciences. Paul is also a visiting Professor in the Department of Computer Science at University College London. 

Read Paul's IEA paper here: https://iea.org.uk/publications/turning-a-blind-eye-have-economists-been-ignored-during-the-pandemic/

 

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The Institute of Economic Affairs is delighted to host John Penrose MP for the latest in our In Conversation series with senior figures in public life. This meeting was chaired by IEA Director General, Mark Littlewood, and took place on December 1st 2021.

John Penrose is the Conservative MP for Weston-Super-Mare and has represented the constituency since 2005. John is currently the Prime Minister’s Anti-Corruption Champion, Chair of Conservative Policy Forum, the Conservative Party’s internal Think Tank, a member of the Advisory Board for the John Mills Institute for Prosperity and has been officially asked to recommend changes to the UK’s post-Brexit Competition and Consumer Regime.

John's latest paper, 'Poverty Trapped: Why Is Poverty Still With Us, After 70 Years Of The Welfare State?', can be read here: http://johnpenrose.org/wp/2021/11/30/...

 

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ON THE PANEL...

Greg Smith, Member of Parliament for the Buckingham

Sascha O'Sullivan, Comment and Features Editor, City AM

Silkie Carlo, Director, Big Brother Watch

Victoria Hewson, Head of Regulatory Affairs, IEA

 

WE'LL BE DISCUSSING...

Nightmare before Christmas: Are tighter restrictions “proportionate and responsible”?

Doctors’ fury: How should we treat the unvaccinated?

10 year plan: Will the government's Drug Strategy work?

 

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Anyone taking economics at A-level or University will be familiar with the concept of public goods. They are goods that are both non-excludable and non-rivalrous. This means that there is no way to bar users from accessing these goods even if they have failed to pay for them.  

This has led to a consensus in economics that to avoid free rider problems, public goods must be funded by the taxpayer. 

But does the state have to provide public goods in all circumstances, and historically, who did build the roads or provide law enforcement before the modern welfare state? IEA Communications and Public Affairs Officer Kieran Neild-Ali was joined by Dr Stephen Davies, Head of Education at the IEA. 

 

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Parallax Views is a new series of YouTube conversations between Marc Glendening (Head of Cultural Affairs, IEA) and individuals involved with and interested in the various Culture War issues now taking centre stage in British politics. These talks cover issues relating to free speech, ‘hate crime’, political re-alignment, the ideologies driving cancel culture and the demand for greater state control over civil society.

Brian Denny has worked as a journalist for over 30 years specialising in European affairs, music and culture. He has written numerous euro critical pamphlets and articles exposing the damaging political, economic and social consequences of EU policies.

He was the Morning Star foreign editor for some years and has written for spiked, the New Statesman, Tribune and various European journals and Wetherspoon News (without his permission). He is currently editor of RMT News.

Brian was nominating officer for the left wing No2EU electoral coalition which stood in the 2009 and 2014 euro elections. He is the author of Rebuild Britain’s Fishing Industry: develop our coastal communities in an independent Britain published by Rebuild Britain in May 2021. And curator of Working River: songs and music of the Thames CD, released by Folktree Recordings in October 2020.

Follow Brian on Twitter: @No2euDenny

Marc Glendening is Head of Cultural Affairs at the Institute of Economic Affairs. Before that he worked for Policy Exchange focusing on freedom of speech related issues and the political implications of human rights law. In 2011 he co-founded as political director of the cross-party Democracy Movement, the People’s Pledge. This campaigned for a referendum on the question of EU membership and included politicians and others with contrary views on Brexit.

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The so called ‘Chinese economic miracle’ has been analysed by economists for decades. How was China, with 88 percent of it's population living in extreme poverty as recently as 1981, able to reduce this rate to less than one percent? Never in the history of the world have so many hundreds of millions of people risen from abject poverty to the middle class in such a short time. 

To discuss the Chinese economic miracle, IEA Communications and Public Affairs Officer Kieran Neild-Ali was joined by Dr Rainer Zitelmann, a historian and sociologist. He is also a world-renowned author, successful businessman and real estate investor. He wrote for the IEA Blog on the Chinese economic miracle earlier this month, which you can read here. 

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The IEA Book Club welcomed Dr George Maher to discuss his latest book “Pugnare – Economic Success and Failure”. This event took place on Monday 29th November at the IEA.

Donald Trump and Commodus? Emperor Tiberius and the 2008 financial crisis? Two worlds, 2000 years apart that are not as different as you think. In his book, George shines a light on the side of Rome that they do not teach you in textbooks, exploring it from a business perspective to better understand the people, the empire, and its successes, failures and ultimate demise. By looking back at Rome, we can learn valuable lessons to take into the future.

George holds a PhD in the economy of the Roman Empire from King’s College London. He is a fellow of the Institute and Faculty of Actuaries and was Director and Trustee of the Society for the Promotion of Roman Studies. He was a Partner at Tillinghast-Towers Perrin and continues to practice consultancy.

George recently carried out an IEA Book Club Short on our Youtube Channel, discussing his book with Dr Steve Davis (IEA Head of Education). To view this, click the link here.

This event is exclusive to IEA Book Club members. To find out more about the IEA Book Club, please follow the link here or contact us at [email protected]  

 

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