Papers Archives

Published on
26 January 2009

Greasing Palms or Oiling Wheels: The Impact of Corruption on Developing Countries

Introduction It is a commonplace that one of the main problems with developing countries is that their societies, starting with their leaders, are corrupt and that until and unless this corruption is eradicated these countries do not have a hope of achieving even a modest level of development. For example, Niall Ferguson in his introduction […]

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Published on
22 October 2008

Credit Crunch, Character Crisis

‘Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice.’ Download Handout Adam Smith had it basically right when he described the essential pre-conditions for widespread economic prosperity. But if the current financial upheaval teaches us anything, […]

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Published on
7 May 2008

Tax and the Role of Government

At the Institute of Economic Affairs for a long time now we have tried to explore, as part of what we do, the moral underpinnings and the moral framework within which a market economy has to work. There is a feeling among those who work in the field of economics that the battle of ideas has been won in regard […]

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Published on
10 October 2007

The Role of the State in Economic Life

My aim tonight is to talk around some of the themes of this book, Catholic Social Teaching and the Market Economy. I shall not comment much on the chapters about consumerism, entrepreneurship and business, but those are very rich chapters. That on entrepreneurship by Fr. Anthony Percy from Australia is particularly so: there has been nothing quite […]

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Published on
19 January 2005

Heavens Above! The Relation of Ethics and Economics

I: Introduction Peter Sellers, one of my favourite comic actors, starred in a slight but amusing film called Heavens Above! [1963] in which he played a Church of England prison chaplain who is mistakenly appointed to a living in a well-heeled area. He has all sorts of notions of social justice and fairness and attempts to put […]

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