Essays & News

  There is a sobering truth about artificial intelligence: It is not yet profitable. Money is pouring into AI, and funds flow through it – for the time being. But when one examines AI companies’ profits, clear data is hard to find. The numbers are interesting: Private AI investments in the United States hit $109.1 billion in […]

  The United Kingdom’s prime minister, Sir Keir Starmer, visited Beijing last week, leading a delegation of top British business people for meetings with President Xi Jinping. The prime minister stated “China matters,” leaving room for interpretation. A similar visit was carried out by French President Emmanuel Macron in December, and German Chancellor Friedrich Merz […]

  Investment “dark pools” have been at the center of a lengthy controversy, attracting much criticism and numerous calls for regulatory clampdowns. These private trading venues where large institutional investors execute orders outside public exchanges, more often than not with minimal oversight and without public attention, have frequently been described as opaque, destabilizing and unfair. […]

Introduction The UK government’s November 2025 Budget supplied ample corroboration of our report published by IREF in October 2025 (‘the report’), showing that the governing Labour Party plans to greatly expand the state’s direction of the UK economy.1 The means-of-control will be a decade-long programme of spending on Net Zero, industry, and infrastructure, partially funded […]

  The task of the economist is not merely, as in equilibrium theory, to examine the logical consistency of various modes of action, but to make human action intelligible, to let us understand the nature of the logical structure called “plans” to exhibit the successive modes of thought which give rise to successive modes of […]