Publications

There was universal relief in the UK and international media at the demise of Prime Minister (PM) Liz Truss and her replacement by the man she had recently defeated in…

According to The Economist, these turbulent times have completed the transformation of Britain into a new country, characterized by political instability and low growth, and subordinated to financial markets. Britaly…

‘Liability Driven Investment’ or ‘LDI’ is both a nonsense and a truism, and is now a byword for a disaster in the UK financial system. Here is what happened. As…

Today, the African economies face another economic crisis. Supply chains disruption, money printing, the questionable responses to Covid-19, the war in Ukraine, currency depreciation and years of economic mismanagement have…

Modern states carry out intense redistribution. In brief, they modify the holdings of particular persons, collective agents or groups. Tax-transfers and public expenditure are an important tool through which redistribution…

Italy’s general elections took place on September the 25th. As expected, the centre-right coalition got the majority in both Houses and its leader, Giorgia Meloni, who is also the leader…

WP 2022-10. Executive Summary There is already a vast literature on the freedom to express one’s thoughts online. Most of this body of work, however, even analyses based on apparently…

When the Internet became commercially available at the end of the 20th century, people thought it would be a powerful tool that would favour democracy worldwide. Consistent with the free-market…

Towards the end of August, every year investors focus on the Jackson Hole conference of the central banking global elite. Given widespread acceptance among central bankers that non-temporary inflation is…

WP 2022-09. Executive Summary This paper examines the assumptions that traditional companies are subjected to a higher level of taxation companies than digital companies. Our paper calculates the effective corporate…