Trial & Error & The Idea of Progress
This book is an analysis of progress – its meaning, its constituent elements, the conditions that favour it, and the methods people use to achieve it. Its central theme is that progress implies a closer approach to nominated goals; there must be a target to make progress towards. Alternative attempts to achieve progress are tested against each other, and new attempts are tested against old ones. The ones which prove better than their rivals at achieving progress towards chosen goals are retained, and inferior alternatives are discarded.
You can buy your copy of Trial and Error here
The Ties that Bind
- Social cohesion is the strength of interactions between members of society. These interactions are characterised by a number of norms that include trust, a sense of belonging, and a willingness to participate.
- Measures of social cohesion include generalised trust, interpersonal trust, civic participation and volunteering.
- Evidence from the US suggests a strong relationship between rising diversity and lower levels of generalised trust. There is much less evidence for a relationship between diversity and other measures of social cohesion in the US.
- There are some cultural reasons to suspect that American evidence might not fully apply to Europe and the UK.
- European evidence at a national level does not suggest a negative relationship between diversity and trust or other social cohesion indicators.
- Evidence from the UK is mixed. There is some evidence to suggest an association between higher diversity and lower generalised trust – yet there is also conflicting evidence which finds no such association.
- There is little evidence to suggest a negative relationship between diversity and other measures of social cohesion such as: civic participation, trust in authority, or voluntary work in the UK.
Foundations of a Free Society—now in Spanish!
Dr. Eamonn Butler's monograph for the Institute of Economic Affairs, Foundations of Free Society, has now been translated into Spanish, for the 548m speakers worldwide who count it as a first or second language. The book tells how free societies unleash talent and initiative to create prosperity and happiness.
Sweet FA: Why foreign player crackdowns hurt English football
It is a very common view that “importing” foreign football players into the UK to play in the Premier League leads to less opportunity for English players to play for these teams. This means that English players get less high-level experience, and consequently aren’t as good as the players of Spain, France, Italy or Germany, who make up a larger fraction of the players playing in their home leagues. This, the argument runs, is an important factor in explaining the English national team’s perceived underperformance in international competitions. I review the literature and present novel data establishing a negative relationship between current performance (as measured by FIFA ranking) and the current amount of football played in a league by native players (across Spain, England, Germany and Italy). Further, I find no relationship between minutes played by English players in the Premier League five or ten years ago and current performance. Finally, I find strong evidence that a league’s overall strength (as measured by its UEFA coefficient) is predicted by the current amount of foreigners playing in it. To restrict foreign players would not directly benefit the English national team, but it would risk substantially curtailing the overall quality of the world’s most popular football league.
Smoking, plain packaging, and public health
Julian Morris reviews the evidence around plain packaging for cigarettes from Australia, the only country to have tried the policy so far. It finds that plain packaging has not had a noticeable impact on smoking rates, but has led to a significant rise in counterfeits, which are more easily available for underage smokers.
Free Thoughts: Collected Columns of Jamie Whyte
Jamie Whyte is a management consultant and former lecturer in philosophy at the University of Cambridge. This collection of his best columns for newspapers including The Times, The Wall Street Journal and The Financial Times captures his entertaining, thought-provoking style. Whyte is primarily concerned with the relationship between the state and individuals: invariably arguing that politicians should back off and leave us to make decisions for ourselves.
The Minimal Evidence for Minimum Pricing
Statistician John C. Duffy and ASI fellow Christopher Snowdon assess the Sheffield Alcohol Policy Model, used as the basis for the British and Scottish governments' calls for minimum alcohol pricing. They find that the model is deeply flawed, based on faulty premises and used to justify policy far beyond what it actually proves.
The Wages of Sin Taxes
What is the true aim of taxes on alcohol, tobacco, fatty foods, and other "vices"? Are smokers, drinkers and fat people burdens on society who should be discouraged from enjoying their habits by taxation? Do these "sin taxes" actually work? In The Wages of Sin Taxes, Chris Snowdon tackles these questions and shows that sin taxes do not achieve their stated aim, offer no tangible benefit to society, and hit the poorest hardest.
Plain packaging
Commercial expression, anti-smoking extremism and the risks of hyper-regulation.
Christopher Snowdon examines the case for plain packaging of cigarettes, including examples from around the world. He finds that its supposed benefits are, in fact, nonexistant, and plain packaging laws may have significant unintended consequences as well, including making counterfeiting of cigarettes more common. Plain packaging laws could lead us down a slippery slope where alcohol and even fatty foods are also controlled by the government.
The Condensed Wealth of Nations
Adam Smith’s The Wealth of Nations is one of the most important books ever written. Smith recognised that economic specialization and cooperation was the key to improving living standards. He shattered old ways of thinking about trade, commerce and public policy, and led to the foundation of a new field of study: economics. And yet, his book is rarely read today. It is written in a dense and archaic style that is inaccessible to many modern readers. The Condensed Wealth of Nations condenses Smith’s work and explains the key concepts in The Wealth of Nations clearly. It is accessible and readable to any intelligent layman. This book also contains a primer on The Theory of Moral Sentiments, Adam Smith’s other great work that explores the nature of ethics. You can buy your copy here!
Austrian Economics - A Primer
Austrian School economists gave us the ideas of marginal utility, opportunity cost, and the importance of time and ignorance in shaping human choices and the markets, prices and production systems that stem from them. 'Austrian' economics has revolutionised our understanding of what money is, why economic booms invariably turn to damaging busts, why government intervention in the economy is a mistake, the importance of time and information in economic decision-making, the crucial role of entrepreneurship, and how much economic policy is just plain wrong. Eamonn Butler explains these ideas in straightforward, non-technical language, making this Primer the ideal introduction for anyone who wants to understand the key insights of the Austrian School and their relevance and importance to our economic situation today. Now updated with an additional chapter on Contemporary Austrian thinking.
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