Institute For Economic Affairs
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Institute For Economic Affairs
The Institute of Economic Affairs (IEA) is a right-wing pressure group and think tank registered as a UK charity Associated with the New Right, the IEA describes itself as an "educational research institute", and says that it seeks to "further the dissemination of free-market thinking", and that it does so by "analysing and expounding the role of markets in solving economic and social problems." The IEA subscribes to a neoliberal worldview and advocates positions based on this ideology. It published climate change denial material between 1994 and 2007, and has advocated total privatisation, in effect abolition, of the National Health Service (NHS), in favour of a healthcare system the IEA says is similar to Switzerland, Belgium, the Netherlands, Germany and Israel. The IEA has received more than £70,000 from the tobacco industry (although it does not reveal its funders), and IEA officers have been recorded offering " cash for access". The IEA is headquartered in Westminster, Lond ...
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Free Market
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces of supply and demand which create space for those ...
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Thatcherite
Thatcherism is a form of British conservative ideology named after Conservative Party leader Margaret Thatcher that relates to not just her political platform and particular policies but also her personal character and general style of management while in office. Proponents of Thatcherism are referred to as Thatcherites. The term has been used to describe the principles of the British government under Thatcher from the 1979 general election to her resignation in 1990, but it also receives use in describing administrative efforts continuing into the Conservative governments under statesmen John Major and David Cameron throughout the 1990s and 2010s. In international terms, Thatcherites have been described as a part of the general socio-economic movement known as neoliberalism, with different countries besides the United Kingdom (such as the United States) sharing similar policies around expansionary capitalism. Thatcherism represents a systematic, decisive rejection and rev ...
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Conservative Party (UK)
The Conservative Party, officially the Conservative and Unionist Party and also known colloquially as the Tories, is one of the Two-party system, two main political parties in the United Kingdom, along with the Labour Party (UK), Labour Party. It is the current Government of the United Kingdom, governing party, having won the 2019 United Kingdom general election, 2019 general election. It has been the primary governing party in Britain since 2010. The party is on the Centre-right politics, centre-right of the political spectrum, and encompasses various ideological #Party factions, factions including One-nation conservatism, one-nation conservatives, Thatcherism, Thatcherites, and traditionalist conservatism, traditionalist conservatives. The party currently has 356 Member of Parliament (United Kingdom), Members of Parliament, 264 members of the House of Lords, 9 members of the London Assembly, 31 members of the Scottish Parliament, 16 members of the Senedd, Welsh Parliament, 2 D ...
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Social Affairs Unit
The Social Affairs Unit is a right-leaning think tank in the United Kingdom. Founded in 1980 as an offshoot of the Institute of Economic Affairs, it publishes books on a variety of social issues. Its website notes that "many SAU supporters are inclined to believe that the generation which fought the Second World War were rather too keen on social engineering over the goals of personal responsibility". The Unit published '' Standpoint'' (2008 - 2021), a monthly cultural and political newsstand magazine first edited by Daniel Johnson (2008 - 2018), Michael Mosbacher (2018 - 2019), Edward Lucas (journalist) (2019 - 2020) and Andreas Campomar (2020 - 2021). History The Social Affairs Unit was established in December 1980 as an offshoot of the Institute of Economic Affairs, in order to carry the IEA's economic ideas onto the battleground of sociology. "Within a few years the Social Affairs Unit became independent from the IEA, acquiring its own premises."Muller, Christopher (1996), "T ...
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British Broadcasting Corporation
#REDIRECT BBC Here i going to introduce about the best teacher of my life b BALAJI sir. He is the precious gift that I got befor 2yrs . How has helped and thought all the concept and made my success in the 10th board exam. ...
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Arthur Seldon
Arthur Seldon, (29 May 1916 – 11 October 2005) was joint founder president, with Ralph Harris, of the Institute of Economic Affairs, where he directed editorial affairs and publishing for more than thirty years. He is the father of political author Anthony Seldon. Biography Arthur Seldon was born Abraham Margolis in the East End of London to Masha and Pinhas Margolis. They came to Britain from Kiev fleeing the anti-semitic pogroms in 1903 or 1904. Abraham was probably born at Mrs Levy's Maternity Home, Petticoat Lane, near Aldgate, London. Masha and Pinchas Margolis were married in Kiev; he was probably born at Perioslav, a village near Kiev. The family were very poor: Pinchas worked making caps at a Jewish immigrant's factory called Goldstein & Co, Commercial Road, Stepney and, they lived at 12 Marks Street, Aldgate. It was not until after they moved to 13 Beeford Street, Stepney that Abraham was actually born. His oldest brother Jack was born in 1906, and a sis ...
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Ralph Harris, Baron Harris Of High Cross
Ralph Harris, Baron Harris of High Cross (10 December 1924 – 19 October 2006) was a British economist. He was head of the Institute of Economic Affairs from 1957 to 1988. Background Harris, the son of a tramways inspector, was "one of four children born to working-class parents on a council estate in Tottenham, north-east London".''The Guardian'', 20 October 2006Lord Harris of High Cross/ref> He was educated at Tottenham Grammar School. He read Economics at Queens' College, Cambridge, graduating with a first-class degree. At Cambridge he was influenced by Stanley Dennison, "who introduced him to the works of Friedrich von Hayek".Russell Lewis, ''The Independent'', 21 October 2006Lord Harris Of High Cross: Founding father of the Institute of Economic Affairs/ref> Career After working at the Conservative Political Centre at Conservative Central Office, Harris was a lecturer in political economy at St Andrews University from 1949 to 1965. He was an unsuccessful Conservative ...
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Oliver Smedley
Major William Oliver Smedley (19 February 1911 – 16 November 1989) was an English businessman involved in classical liberal politics and pirate radio.''The Times'' (18 November 1989), p. 12. Early life Smedley was born in Godstone, Surrey, on 19 February 1911, the son of William Herbert and Olivia Kate Smedley. His father was a director of the Gramophone Company. Military Smedley enlisted on 17 April 1939 in the Royal Artillery and was commissioned in April 1940. He served in Iraq, North Africa, Sicily and Italy before D-Day. He won the Military Cross in December 1944 for his actions on 11 July 1944 at Audrieu in the battle for Normandy. He became a paratrooper and participated in Operation Market Garden. Politics and economics Smedley described himself as an "uncompromising free-trader and libertarian".Cockett, p. 125. In opposition to Clement Attlee's Agriculture Act 1947, Smedley helped to found, and become Secretary of, the Farmers' and Smallholders' Association in 1947 ...
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Central Planning
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed. Socialist states based on the Soviet model have used central planning, although a minority such as the former Socialist Federal Republic of Yugoslavia have adopted some degree of market socialism. Market abolitionist socialism replaces factor markets with direct calculation as the means to coordinate the activities of the various socially-owned economic enterprises that make up the economy. More recent approaches to socialist planning and allocation have come from some economists and computer scientists proposing planning mechanisms based ...
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Friedrich Hayek
Friedrich August von Hayek ( , ; 8 May 189923 March 1992), often referred to by his initials F. A. Hayek, was an Austrian–British economist, legal theorist and philosopher who is best known for his defense of classical liberalism. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for their work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how changing prices communicate information that helps individuals coordinate their plans is widely regarded as an important achievement in economics, leading to his prize. Hayek served in World War I during his teenage years and said that this experience in the war and his desire to help avoid the mistakes that had led to the war drew him into economics. At the University of Vienna, he studied economics, eventually receiving his doctoral degrees in law in 1921 and in political science in 1923. He subsequently lived and work ...
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The Road To Serfdom
''The Road to Serfdom'' ( German: ''Der Weg zur Knechtschaft'') is a book written between 1940 and 1943 by Austrian-British economist and philosopher Friedrich Hayek. Since its publication in 1944, ''The Road to Serfdom'' has been popular among liberal (especially classical) and conservative thinkers, and remains referenced in modern discourse. It has been translated into more than 20 languages and sold over two million copies (as of 2010). The book was first published in Britain by Routledge in March 1944, during World War II, and was quite popular, leading Hayek to call it "that unobtainable book", also due in part to wartime paper rationing. It was published in the United States by the University of Chicago Press in September 1944 and achieved great popularity. At the arrangement of editor Max Eastman, the American magazine ''Reader's Digest'' published an abridged version in April 1945, enabling ''The Road to Serfdom'' to reach a wider non-academic audience. ''The Road to Se ...
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Reader's Digest
''Reader's Digest'' is an American general-interest family magazine, published ten times a year. Formerly based in Chappaqua, New York, it is now headquartered in midtown Manhattan. The magazine was founded in 1922 by DeWitt Wallace and his wife Lila Bell Wallace. For many years, ''Reader's Digest'' was the best-selling consumer magazine in the United States; it lost the distinction in 2009 to '' Better Homes and Gardens''. According to Mediamark Research (2006), ''Reader's Digest'' reached more readers with household incomes of over $100,000 than ''Fortune'', ''The Wall Street Journal'', '' Business Week'', and '' Inc.'' combined. Global editions of ''Reader's Digest'' reach an additional 40 million people in more than 70 countries, via 49 editions in 21 languages. The periodical has a global circulation of 10.5 million, making it the largest paid-circulation magazine in the world. It is also published in Braille, digital, audio, and a large type called "Reader's Digest Larg ...
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