IEA Podcast Institute of Economic Affairs

With over half a million more Brits economically inactive compared to pre-pandemic, concerns grow about the UK's economic potential amid labor shortages. Prime Minister Rishi Sunak has announced cracking down on disability benefits, claiming exploitation of the system. This week's IEA podcast asks: Where are the missing workers?
Host Matthew Lesh and guest Prof. Len Shackleton explore the spike in long-term sickness inactivity, especially among younger people. They analyze whether disability benefits are being exploited or if socioeconomic factors like mental health, drug abuse, and NHS backlogs are root causes. The pair also examine potential solutions from overhauling welfare incentives to boosting productivity through upskilling. Shackleton provides historical context on the "deserving" vs "undeserving" poor debate framing this complex policy challenge. Tune in for insights on a critical economic issue.

In this episode of The Swift Half with Snowdon, Christopher Snowdon welcomes Erik W. Matson, Senior Research Fellow at the Mercatus Center at George Mason University, to delve into Matson's latest work "New Paternalism Meets Older Wisdom". Matson's book, a critical examination of the "new paternalism" philosophy within behavioural economics, published by the IEA, challenges the notion that nudging policies based on choice architecture truly serve individuals' best interests.
Drawing from insights of philosophers like David Hume and Adam Smith, Matson argues for respecting individual autonomy and cautions against paternalistic interventions that may undermine authentic human agency. Their conversation touches on various aspects, including time inconsistency in decision-making and the dangers of overriding diverse values based on simplistic assumptions of people's "true" desires.

Join us for an IEA Book Club discussion with Alex Edmans, Professor of Finance at London Business School and acclaimed author, as he delves deep into the themes of his latest book, "May Contain Lies: How Stories, Statistics and Studies Exploit Our Biases - And What We Can Do About It". Hosted by Tom Clougherty, Executive Director, this event promises to unravel the intricacies of bias in education, peer review, and data interpretation, offering invaluable insights.
Alex outlines the value of questioning and curiosity in education, challenging conventional methods of learning and advocating for fostering independent thinking. He presents key examples where data presentation leads to opposing conclusions, including the benefits of wider pay gaps and diversity quotas.
In a thought-provoking exchange, Alex dissects flaws within the peer review process, shedding light on how bias can hinder scientific advancement. From humorous anecdotes to sobering revelations, he navigates through the complexities of data interpretation, urging audiences to embrace intuition while remaining vigilant of data-driven limitations.

Join Matthew Lesh, Public Policy & Communications Director at the IEA, and Dr. Kristian Niemietz, Editorial Director at IEA, in a compelling dialogue as they tackle the contentious query: Did empire make Britain rich?
In this week's episode of the IEA Podcast, Dr. Niemietz draws from his latest book, "Imperial Measurement: A Cost-Benefit Analysis of Western Colonialism," to offer a critical examination of colonialism and slavery's economic impact on Britain's prosperity. From Adam Smith's historical critiques to contemporary discussions fueled by movements like Black Lives Matter, the conversation navigates the economic arguments surrounding colonialism. Dr. Niemietz dissects the traditional narrative of empire's economic benefits, analyzing the costs of empire maintenance, colony profitability, and the enduring effects on colonized nations. Through meticulous analysis and historical context, the podcast illuminates the intricacies of Britain's colonial legacy and its relevance in understanding modern economics.




 



 












 
 

In our latest In Conversation event, we had the pleasure of hosting Dominic Frisby, a multifaceted finance commentator, comedian, and author. Frisby delved into topics ranging from libertarianism and finance to the impact of Bitcoin and the future of tax, offering insightful perspectives. Joined by IEA's Executive Director, Tom Clougherty, Frisby shared valuable insights drawn from his extensive experience. Explore how decentralised technologies and cryptocurrencies are transforming economic paradigms, and gain insights into the potential effects of digital nomadism on government tax revenue.

Join Adrian Chiles and Christopher Snowdon on The Swift Half with Snowdon as they delve into the complexities of alcohol consumption and societal norms. From Chiles' insights from his documentary "Drinkers Like Me" to discussions on drinking guidelines and labelling, the conversation offers thought-provoking perspectives on moderation and personal choices. With expertise in lifestyle economics and broadcasting experience, Snowdon and Chiles navigate through the layers of drinking culture, challenging perceptions and exploring the intersection of policy, lifestyle, and personal freedom. Tune in for an engaging discussion that goes beyond the surface, shedding light on the nuances of alcohol dependence and social drinking.