Review - Institute of Public Affairs

Review - Institute of Public Affairs is a magazine focusing on Economics

Articles from Vol. 59, No. 1, March

Austrian Economics in Action: The Economics of Groundhog Day
Modern mainstream economics has particular strengths and weaknesses. Mainstream concepts like opportunity cost, comparative advantage, and marginal cost pricing have great merit. Yet mainstream economics places undue emphasis on equilibrium.The shortcomings...
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BIG EVENTS BIG CAUSES: MIHOPs, LIHOPs and the 'Truth' Behind September 11
Despite long and expensive inquiries, thousands of eye witnesses, and conclusive video, sound and picture evidence, more than five years after the attacks, sceptics continue to challenge every part of the official story of what happened on 11 September...
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Certainty Clouds the IPCC
'When I use a word,' Humpty Dumpty said, in a rather scornful tone, 'it means just what I choose it to mean-neither more nor less'. 'The question is,' said Alice, 'whether you can make words mean so many different things'.'The question is,' said Humpty...
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Dissent in the Herd
Dissent in the herd Andrew Kemp reviews The Elephant in the Room: Evangelicals, Libertarians and the Battle to Control the Republican Party by Ryan Sager (Wiley, 2006 256 pages)Ryan Sager's The Elephant in the Room ends with an interview with the former...
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Election Strategy after WorkChoices
The Federal Government's labour reforms have allegedly set the scene for the main battle at the next federal election, due in late 2007. But there is more to the reforms than appears on the surface. The reforms are, in fact, a complex mix of short-term...
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Everything You Always Wanted to Know about Austrian Economics*
* But were afraid to askEconomics can be confusing enough on its own without the added complexity of dozens of competing 'schools of thought' with different approaches, assumptions and conclusions. Institutional economics, new institutional economics,...
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Exclusion by Community
Can communities be granted rights not given to individuals? People who value the concept of individual liberty are generally inclined to assume that it is best protected by allowing decisions to be made at the most local level possible. Individual rights...
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Fair Trade No Subsitute for Intellectual Property
Having fairly successfully colonised the specialist coffee market, Fair Trade activists have turned their attention to health care. In the lead-up to the 2006 Toronto World Aids Conference, Oxfam International broadened its 'Make Trade Fair' campaign...
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Friends in a Naughty World
Friends in a naughty world John Roskam reviews The Partnership: The inside story of the US-Australian alliance under Bush and Howard by Greg Sheridan (UNSW Press, 2006, 260 pages)There's a saying about the Cold War. 'The right side lost, but the wrong...
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From the Editor
To commemorate the sixtieth year of the IPA Review, the IPA will now publish the IPA Review in full colour. We can do this at almost no extra cost, not because of the government or government regulations, but because of competition and technology.This...
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From the Executive Director
Those with eyes to see...It seems that even the most obvious things can surprise people. An example of mis comes in the form of the action to the recent publication of a book by left-wing British journalist Nick Cohen. What's Left? How the liberals lost...
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How the Panama Canal Was Built
Ferdinand de Lesseps, having masterminded the building of the Suez Canal, set out to build the even more ambitious Panama Canal.It was a highly risky venture, traversing seasonal, tumescent rivers and a huge mountain range. There was no ready supply...
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Islam's Free Market Heritage
American strategy in the Islamic world has been aimed at the establishment of political democracy-a worthy goal, but a worryingly incomplete one. Social and political freedom cannot be fully established unless they are united with the other pillar of...
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Like Churchill, but No Cigar
Like Churchill, but no cigar Richard Allsop reviews A History of the English-Speaking Peoples Since 1900 by Andrew Roberts (Weidenfeld & Nicholson, 2006, 736 pages)Presidents and Prime Ministers are busy people. So the fact that, in recent months,...
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Measuring the Money, Not the Mouths
Measuring the money, not the mouths Greg Melleuish reviews Who really cares: America's charity divide by Arthur C. Brooks (Basic Books, 2006, 256 pages)Who are more likely to be more compassionate when it comes to giving money and doing things for other...
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Paying Farmers for Water or Not: A New $10 Billion Plan
In November last year, the Prime Minister, John Howard, called a summit to discuss the 'water crisis' in the Murray-Darling Basin. The meeting was triggered by the New South Wales Government's decision to suspend water trading on the Murray and Murrumbidgee...
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Strange Times
BLINDED BY THE SIGHTUnder a proposed Texan law, blind people will be able to hunt live game using firearms. Texas State Representative Edmund Kuempel has introduced a measure that would allow blind people, with the assistance of a sighted hunter, to...
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The Happy State
Not content with a Nanny State, now activists are pushing for a Happy State. Drawing on a rapidly-expanding body of research on happiness and life satisfaction, left-leaning think-tanks are calling for government to re-orient policy towards making us...
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What's Wrong with Retail?
What's wrong with retail? Tim Wilson reviews Wal-Mart: The High Cost of Low Price Robert Greenwald (dir.) (Brave New Films, 2005)The Wal-Mart Revolution: How Big Box Stores Benefit Consumers, Workers, and the Economy by Richard Vedder & Wendell Cox...
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Who's Afraid of American Health Care?
Ii is not uncommon to hear a politician or medico-politician say, usually with a contemptuous sneer, that we would not want to introduce into Australia any of the features of the American health care system. This kind of comment is usually made while...
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Why Do Governments Hate Bed and Breakfasts?
Government action is rarely harmonious.Policy aims, and the methods used to achieve those aims, differ from one area to the next. Tourism, for instance, suffers from this regulatory dissonance. One side of government proclaims its virtues, while another...
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