A Disorderly House

This paper examines the place of excise duties on alcohol within the British fiscal system. It argues that United Kingdom taxes are by international standards heavy on beer, even heavier on wine and very heavy on spirits. These duties on alcohol are the result of historical accident and political pressures and have little or no economic rationale.

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Wood for the Trees

The privatization of the Forestry Commission and the reasons why are looked into by Douglas Mason. He looks closely at the history of the Forestry Commission and the reasons as to why they have failed in all areas to make state owned forestry viable. He highlights one area, visitors to the forests, as the only one if run properly by the State that could be profitable, though the need for change exists. Douglas Mason also looks at how the privatization could be pushed through and how best to protect the forests under the private sector.

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Judgement Day

Our courts our slow, outdated, and costly. Adam Thierer shows how people in the US have abandoned them for private arbitration: and how the state and federal courts have had to accommodate this change. A model for modernising the court service in the United Kingdom and elsewhere?

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The Market in Environment

The environmental challenges which we face do not require a wholesale realignment of our economies. Rather, they require an extension of the legal principles of capitalism. Property rights can be extended to presently unowned resources. Where this solution is impractical, market-mimicking policy rules (eg, effluent charges or marketable pollution permits) may be used to force polluters to take into account the social costs of their production processes. In short, the market can and should be extended to areas where it is presently absent.

Despite widespread belief to the contrary, a market economy and a clean environment are not mutually exclusive. This report, by offering market solution to market failures, will attempt to dispel this misconception and provide a sound theoretical and policy basis for market environmentalism. 

Read the full paper here