The death of the Marine and General Mutual

An interesting little story of the transience of corporate life here. The country’s oldest company is about to disappear: An insurance firm that can claim to be the oldest registered British company still in existence is about to disappear, following a takeover by Scottish Friendly. Marine & General Mutual was incorporated in 1852 as a […]

Subsidising green tech could be self-defeating

One of the only arguably beneficial impacts of taxing petrol as heavily as the government does is, theoretically, to encourage the production of ‘fuel-efficient’ vehicles. A tax on fuel increases its price and consumers will seek fuel-efficient alternatives to current vehicles. This increased demand has encouraged car manufacturers to develop vehicles that are more fuel-efficient. […]

Minimum wages encourage hostility towards migrants

Having a minimum wage is what makes ‘illegal immigration’ feasible. Most illegal immigrants are unskilled, poorly paid workers; Epstein & Hezler (2013) say that “Minimum wages play an essential role since they put a limit on local workers’ and legal migrants’ wages. Thus, under certain circumstances, the probability of employing illegal workers is increased.” Incidentally, […]

Mazzucato versus Worstall and Westlake

Marianna Mazzucato’s 2013 The Entrepreneurial State is the most influential book on innovation. Although Mazzucato’s arguments in the book and beyond are many and varied – for example, I’m particularly sympathetic to her scepticism of the uncritical financial support for small businesses – the arguments gaining the most traction are the least convincing and potentially most […]

Five myths about ISIS

For my money, the very best foreign policy blogger on the internet is anonmugwump. One thing he is particularly good at is skewering popular myths. His latest post is one of the best I’ve read on his blog—an extremely well-sourced and detailed look at five popular myths about ISIS. He shows, in detail, that: Military intervention […]