free market

March 1, 2017

The Importance of an Anti-lobbying Clause

The composition of civil society at the EU level is largely dictated by which groups the European Commission chooses to fund. Furthermore, citizens have not been consulted directly on this. Instead they have been ventriloquised through a select group of charities, think tanks and other organisations which are directly financed by the EU.
March 1, 2017

Solvency II and the CMU: Unlocking Contractual Savings’ Investment

Even though the free movement of capital has been a legislative reality in the European Union since the Treaty of Rome, the markets for most financial services and products remain largely divided.
March 1, 2017

A Freer Energy Market Can Power Europe’s Security

Recent EC proposals fail to explain how alternative energy technologies such as fracking, a deeper energy trade relationship with Europe’s biggest trading partner – the United States – and a freer internal energy market can boost the Union’s energy security strategy.
February 1, 2017

High-powered Reforms to EU Energy Policy

The achievement of efficient and secure energy supply and a clean environment do not have to be conflicting objectives. However, meeting both goals will require meaningful market-oriented reform of energy policy at the EU level.
February 1, 2017

The Taxation of High-income Earners: an International Comparison

The effective marginal tax rate is the total tax on the last euro earned, taking into account income tax as well as social contributions and consumption taxes. Considering only income taxes does not provide the whole picture of the distortionary effects of the tax system.
February 1, 2017

The Economics of Industry 4.0

Viewed over the sweep of history, concerns about technological unemployment have always proved overblown. Over the last two-hundred years, technology has created more jobs than it has destroyed and it has substantially increased labour productivity and living standards.
January 1, 2017

Balancing the Economy: the Hand of Government or the Invisible Hand?

The past record of industrial policy in the UK is a catalogue of waste and ineffectiveness. By the end of the 1970s it was widely accepted that the strategy of attempting to pick winners and promoting national champions was fundamentally flawed.
January 1, 2017

The Solution to the Spanish Pension System

It is increasingly evident that public pensions are going to be hard to sustain in the future: the ratio of workers to pensioners is close to a historical low. The crisis has taken nearly two million contributors out of the system, and adds to another variable that proves a greater challenge and is even more difficult to reverse: demographics.
November 1, 2016

Google Shopping: the Arguments Revisited

The arguments on which the various competition cases against Google are being fought involve core features of economic interaction in multi-sided digital markets. As such, the final outcome will have a long-standing impact on platform innovation in the EU.