| From | Institute of Economic Affairs <[email protected]> |
| Subject | An incredible legacy |
| Date | December 19, 2021 8:59 AM |
Links have been removed from this email. Learn more in the FAQ.
Links have been removed from this email. Learn more in the FAQ.
**
------------------------------------------------------------
This is the last Weekend Newsletter of 2021. We wish all our readers a Merry Christmas and a Happy New Year! We will be back on Sunday 16th January ...
* AN INCREDIBLE LEGACY
* LIBERTY FORUM
* INFLATION BITES
* iN THE MEDIA
* IEA DIGITAL
* CALLING ALL STUDENTS!
This week, we were devastated to lose one of the true champions of liberty, Linda Whetstone.
As I spend my life saying, ideas matter. Whether it is keeping ideas alive by nurturing and spreading them, or finding a continual supply of advocates when the idea you are promoting goes against mainstream opinion, it can be an arduous task. But it is what brings about real change.
In the last sixty years, the leading light of keeping classical liberalism alive – particularly in the developing world – was not a household name. She did not seek a high public profile and largely shunned frontline politics, but she was an extraordinary influence in a huge network of free market and classical liberal think tanks across the globe.
Linda Whetstone died suddenly in Florida on Wednesday, aged 79. She had been attending the Liberty Forum, the largest annual gathering of freedom advocates from all corners of the globe. It culminated in a gala dinner of nearly 800 people on Tuesday evening at which she was feted as one part philosopher queen, one part free-market rockstar.
Linda was the daughter of Sir Antony Fisher, the successful businessman and war hero who founded the Institute of Economic Affairs in 1955 after reading Hayek’s seminal ‘Road to Serfdom’. The IEA since then has sought to shape the climate of opinion over the longer term through a programme of research and education.
From a young age, Linda threw herself into her father’s mission. She attended her first Mont Pelerin Society – a network of thinkers and academics created by Hayek to nurture classical liberal thinking –conference at the age of 17. She went on to become MPS President in 2020. She has also served for decades on the IEA board of trustees and in 2016 became President of the Atlas Network, a group of over 500 free market think tanks.
However, her real contribution was based far more on her matter-of-fact determination to spread classical liberal ideas across the globe. Linda did this, literally, from her kitchen table. She created and distributed over 150,000 CDs of key freedom texts to students in over 60 countries. She also travelled to the corners of the world, often the poorest corners, to directly inspire and motivate scholars committed to promoting the ideas of a free society.
Linda dedicated her life to the cause of freedom and has transformed countless lives across the globe. We may not see her again, but we can be grateful for the incredible legacy she leaves us. My thoughts are with Linda’s immediate family and her enormous extended family.
Mark Littlewood
Director General, Institute of Economic Affairs
LIBERTY FORUM
The annual Atlas Liberty Forum and Freedom Dinner gathered hundreds of think tankers and their supporters in Miami this year, with ample IEA representation.
Our work on pushing for trade liberalisation post-Brexit has been shortlisted for the prestigious Templeton Freedom Award and recognised with a $25,000 dollar prize for our work promoting free trade.
Throughout the conference, plenty of discussions featured IEA publications and speakers. IEA Trade Fellow and Director of Institute African Trade and Prosperity (IATP) Alexander Hammond outlined why the new IATP programme will be an important cornerstone in the battle to reduce tariff and non-tariff trade barriers on the African continent to unleash its full potential.
EPICENTER Director Adam Bartha led a conversation on the future of Europe with three prominent think tankers from across the continent. The discussion focused on the core 'four freedoms' of the EU, growing the EEA and frictionless trade across the whole continent, and ensuring sound fiscal policies in the Eurozone.
INFLATION BITES
This week, the ONS revealed inflation jumped to 5.1 per cent in November, well above the 4.5 per cent figure forecast by the Bank of England. To combat this rise, on Thursday, the Bank of England raised interest rates to 0.25 per cent.
[link removed]
On Wednesday, IEA Economics Fellow Julian Jessop argued that "the Monetary Policy Committee’s credibility is on the line if they fail to act now to keep inflation expectations in check".
Julian's comments were covered across the national press, including the Daily Mail ([link removed]) ,The Sun, Express and Scottish Mail.
Ahead of the MPC meeting on Thursday, IEA Policy Advisor to the Director General Sam Collins appeared on GB News. He warned that the decision on interest rates would be difficult considering the emergence of the Omicron variant which threatens economic stability. However, he agreed that on balance the Bank of England was right to raise interest rates.
[link removed]
Julian welcomed the decision, noting that "the MPC’s main job is to worry about inflation and the moves today should go some way towards restoring the credibility of the monetary policy framework.". You can read his full comments here ([link removed]) .
iN THE MEDIA
[link removed]
'Tis the season to make money... In his fortnightly column for The Times ([link removed]) , Mark Littlewood emphasised that although Christmas is a time of religious and cultural importance for people across the globe, it is also a lucrative time for businesses and a reminder of the progress capitalism has brought to our lives.
Mark argued: "The next two weeks of buying, selling and celebrating might help to remind us of the miracle of modern consumer capitalism". Mark also appeared on Times Radio to discuss the article.
[link removed]
A spanner in the works...? Although Mark celebrated the capitalist Christmas miracle, Sam Collins warned in City AM ([link removed]) that new Covid restrictions could take some sparkle out of festive activities this year. He argued restrictions will dampen business and consumer confidence in the run-up to Christmas.
[link removed]-
Covid non-compliance... In her weekly column for The Spectator ([link removed]-) , IEA Director of Communications Annabel Denham suggested that the efficacy of the government's latest Covid restrictions will depend on the willingness of the public to comply with the rules. Annabel noted that the public may be hesitant to obey new rules after they were told that vaccinations were the key to freedom only this summer.
[link removed]
A slippery slope... In an article for City AM ([link removed]) , IEA Head of Lifestyle Economics Christopher Snowdon discussed the politics of the slippery slope. He noted that while it is not inevitable that one policy will logically lead to another, there is evidence to suggest that "setting a precedent can open Pandora’s Box". Christopher drew on recent events with regards to vaccine passports and public health policy to illustrate his point.
[link removed]
Free speech in peril... On Tuesday, the Joint Committee on the Draft Online Safety Bill published its report on the government’s proposed legislation – which urged ministers to give more power to Ofcom.
In an article for Conservative Home ([link removed]) , IEA Head of Regulatory Affairs Victoria Hewson argued that while the report rightly notes the complexity and opacity of the Bill, its recommendations may make this worse.
The IEA will soon be publishing suggestions to protect online speech in the face of this "chillingly authoritarian legislation".
HOW TO FUND SOCIAL CARE
[link removed]
On Monday, IEA Senior Academic Fellow and Director of the Vinson Centre at the University of Buckingham Professor Philip Booth appeared before the Levelling Up, Housing and Communities Committee to give evidence on social care funding. You can watch the full session here ([link removed]) .
IEA PATREON
Thank you to all of you who have already signed up to become an IEA Online Patron. Becoming a Patron grants you VIP access to our latest videos, priority invites to our virtual events, and the opportunity to engage directly with IEA Director General Mark Littlewood and the IEA team. For just a small donation you can get all these benefits and more.
[link removed]
To visit the page and find out more about the IEA’s Patreon, follow the link here ([link removed]) or watch our trailer here ([link removed]) .
IEA DIGITAL
[link removed]
In the latest episode of The Swift Half, Christopher speaks to Andrew Lilico, Executive Director and Principal of Europe Economics, about the threat posed by Omicron and the government's approach to public health. Watch here ([link removed]) .
[link removed]
Markets & Morality host Adam Bartha welcomed Danielle Boxall, Media Campaign Manager at the TaxPayers' Alliance, and Sam Dumitriu, Research Director for The Entrepreneurs Network, to discuss their least favourite taxes. You can watch here ([link removed]) .
[link removed]
On the IEA podcast this week, IEA Communications and Public Affairs Officer Kieran Neild Ali, spoke to Professor Paul Ormerod about how economics could have improved Covid public policy.
Paul Ormerod is a member of the Advisory Council at the IEA and a fellow of the British Academy for the Social Sciences. Paul is also a visiting Professor in the Department of Computer Science at University College London.
[link removed]
You can now watch a talk by Christian Ahlborn from the conference the IEA hosted with the Information, Technology and Innovation Foundation on the competition and regulation of digital markets.
Christian is the Global Head of Linklaters’ Antitrust and Foreign Investment Group and also co-heads the firm’s Technology sector team. Christian is qualified in England, Wales and Germany and is widely recognised as a market-leading competition lawyer.
A reminder that we will be uploading a new talk from the conference every Monday on the IEA YouTube Channel ([link removed]) . You can watch here ([link removed]) .
[link removed]
In November, the IEA welcomed comedian Dominic Frisby and documentarian Alex Webster for a screening of their new film 'Adam Smith: Father of the Fringe'.
The event attracted a full house of guests and was followed by a Q&A, chaired by Mark Littlewood. The film tells the extraordinary story of the Edinburgh Fringe and its economic success. Dominic attributes this success to the Fringe being "the realisation of everything that the 18th century philosopher Adam Smith ... argued for". You can watch the film for free here ([link removed]) .
CALLING ALL STUDENTS!
Ahead of the Christmas break, we are delighted to announce our internship and summer school programme for 2022.
[link removed]
A-Level / IB Economics Exam Revision Course... For the first time, we will be running an exam revision course from Tuesday 12 – Thursday 14 April.
Our week-long Internship Programme will also run as normal from Monday 4 – Friday 8 April. Applications for both programmes close on February 4 2022.
[link removed]
Residential Summer School... In partnership with the Institute of International Monetary Research, the Vinson Centre, and the Initiative for African Free Trade and Prosperity, the IEA will host a residential summer school.
This programme is open to undergraduate students and will take place from 27 June to 8 July. It will have four streams: general economics, monetary theory, economic history, and trade and globalisation.
Sixth Form Future Thought Leaders’ Programme... You can also apply to attend a week-long programme for sixth formers which will take place from Monday 25 – Friday 29 July. The week will include lectures, discussions, and debates with expert economists.
Summer School Internship... Last but not least, our summer school internship will start from Tuesday 2 August – Friday 19 August. Interns will participate in lectures, seminars, debates, discussions, as well as workshops on professional and career development.
You can find out more about all of our internship programmes here ([link removed]) , or email IEA Education, Outreach and Programmes Manager Brittany Davis at [email protected] (mailto:[email protected]) with any questions.
TIME FOR A (STUDENT) CHALLENGE
[link removed]
A reminder that submissions are open for the IEA's Monetary Policy Essay Competition ([link removed]) , which is run in partnership with the Vinson Centre and the Institute of International Monetary Research. This year’s question is: 'Does inflation matter? And will the current inflation upturn be transitory or not?' The deadline is Friday, January 21st 2022.
Entries are also still open for this year's Budget Challenge ([link removed]) . Schools can enter teams of up to four students to put together a submission that will outline a budget with taxation and spending policy for the United Kingdom in the coming financial year. The deadline to submit is Friday, January 28th 2022.
============================================================
With a little help from our friends....
** ([link removed])
As an educational charity, the work we do is entirely funded by donations. If you are able to help please click ** here ([link removed])
or contact ** [email protected] (mailto:[email protected]?body=Dear%20Angela%2C)
. Thank you.
And why not get Amazon to donate too?
All you have to do is to start shopping on ** [link removed] ([link removed])
and pick the Institute of Economic Affairs Limited as your chosen charity. The IEA will then receive 0.5% of your spending on most items. Everything else remains the same (and at no additional cost to you).
** Twitter ([link removed])
** Facebook ([link removed])
** LinkedIn ([link removed])
You are receiving this email from the Institute of Economic Affairs
** Unsubscribe ([link removed])
from this list.
© 2021 Institute of Economic Affairs
Institute of Economic Affairs 2 Lord North Street London, London SW1P 3LB United Kingdom
Registered in England 755502, Charity No. CC/235 351, Limited by Guarantee
** Forward ([link removed])
this email to a friend
This email was sent to [email protected] (mailto:[email protected])
why did I get this? ([link removed]) unsubscribe from this list ([link removed]) update subscription preferences ([link removed])
Institute of Economic Affairs . 2 Lord North Street . London, London SW1P 3LB . United Kingdom
------------------------------------------------------------
This is the last Weekend Newsletter of 2021. We wish all our readers a Merry Christmas and a Happy New Year! We will be back on Sunday 16th January ...
* AN INCREDIBLE LEGACY
* LIBERTY FORUM
* INFLATION BITES
* iN THE MEDIA
* IEA DIGITAL
* CALLING ALL STUDENTS!
This week, we were devastated to lose one of the true champions of liberty, Linda Whetstone.
As I spend my life saying, ideas matter. Whether it is keeping ideas alive by nurturing and spreading them, or finding a continual supply of advocates when the idea you are promoting goes against mainstream opinion, it can be an arduous task. But it is what brings about real change.
In the last sixty years, the leading light of keeping classical liberalism alive – particularly in the developing world – was not a household name. She did not seek a high public profile and largely shunned frontline politics, but she was an extraordinary influence in a huge network of free market and classical liberal think tanks across the globe.
Linda Whetstone died suddenly in Florida on Wednesday, aged 79. She had been attending the Liberty Forum, the largest annual gathering of freedom advocates from all corners of the globe. It culminated in a gala dinner of nearly 800 people on Tuesday evening at which she was feted as one part philosopher queen, one part free-market rockstar.
Linda was the daughter of Sir Antony Fisher, the successful businessman and war hero who founded the Institute of Economic Affairs in 1955 after reading Hayek’s seminal ‘Road to Serfdom’. The IEA since then has sought to shape the climate of opinion over the longer term through a programme of research and education.
From a young age, Linda threw herself into her father’s mission. She attended her first Mont Pelerin Society – a network of thinkers and academics created by Hayek to nurture classical liberal thinking –conference at the age of 17. She went on to become MPS President in 2020. She has also served for decades on the IEA board of trustees and in 2016 became President of the Atlas Network, a group of over 500 free market think tanks.
However, her real contribution was based far more on her matter-of-fact determination to spread classical liberal ideas across the globe. Linda did this, literally, from her kitchen table. She created and distributed over 150,000 CDs of key freedom texts to students in over 60 countries. She also travelled to the corners of the world, often the poorest corners, to directly inspire and motivate scholars committed to promoting the ideas of a free society.
Linda dedicated her life to the cause of freedom and has transformed countless lives across the globe. We may not see her again, but we can be grateful for the incredible legacy she leaves us. My thoughts are with Linda’s immediate family and her enormous extended family.
Mark Littlewood
Director General, Institute of Economic Affairs
LIBERTY FORUM
The annual Atlas Liberty Forum and Freedom Dinner gathered hundreds of think tankers and their supporters in Miami this year, with ample IEA representation.
Our work on pushing for trade liberalisation post-Brexit has been shortlisted for the prestigious Templeton Freedom Award and recognised with a $25,000 dollar prize for our work promoting free trade.
Throughout the conference, plenty of discussions featured IEA publications and speakers. IEA Trade Fellow and Director of Institute African Trade and Prosperity (IATP) Alexander Hammond outlined why the new IATP programme will be an important cornerstone in the battle to reduce tariff and non-tariff trade barriers on the African continent to unleash its full potential.
EPICENTER Director Adam Bartha led a conversation on the future of Europe with three prominent think tankers from across the continent. The discussion focused on the core 'four freedoms' of the EU, growing the EEA and frictionless trade across the whole continent, and ensuring sound fiscal policies in the Eurozone.
INFLATION BITES
This week, the ONS revealed inflation jumped to 5.1 per cent in November, well above the 4.5 per cent figure forecast by the Bank of England. To combat this rise, on Thursday, the Bank of England raised interest rates to 0.25 per cent.
[link removed]
On Wednesday, IEA Economics Fellow Julian Jessop argued that "the Monetary Policy Committee’s credibility is on the line if they fail to act now to keep inflation expectations in check".
Julian's comments were covered across the national press, including the Daily Mail ([link removed]) ,The Sun, Express and Scottish Mail.
Ahead of the MPC meeting on Thursday, IEA Policy Advisor to the Director General Sam Collins appeared on GB News. He warned that the decision on interest rates would be difficult considering the emergence of the Omicron variant which threatens economic stability. However, he agreed that on balance the Bank of England was right to raise interest rates.
[link removed]
Julian welcomed the decision, noting that "the MPC’s main job is to worry about inflation and the moves today should go some way towards restoring the credibility of the monetary policy framework.". You can read his full comments here ([link removed]) .
iN THE MEDIA
[link removed]
'Tis the season to make money... In his fortnightly column for The Times ([link removed]) , Mark Littlewood emphasised that although Christmas is a time of religious and cultural importance for people across the globe, it is also a lucrative time for businesses and a reminder of the progress capitalism has brought to our lives.
Mark argued: "The next two weeks of buying, selling and celebrating might help to remind us of the miracle of modern consumer capitalism". Mark also appeared on Times Radio to discuss the article.
[link removed]
A spanner in the works...? Although Mark celebrated the capitalist Christmas miracle, Sam Collins warned in City AM ([link removed]) that new Covid restrictions could take some sparkle out of festive activities this year. He argued restrictions will dampen business and consumer confidence in the run-up to Christmas.
[link removed]-
Covid non-compliance... In her weekly column for The Spectator ([link removed]-) , IEA Director of Communications Annabel Denham suggested that the efficacy of the government's latest Covid restrictions will depend on the willingness of the public to comply with the rules. Annabel noted that the public may be hesitant to obey new rules after they were told that vaccinations were the key to freedom only this summer.
[link removed]
A slippery slope... In an article for City AM ([link removed]) , IEA Head of Lifestyle Economics Christopher Snowdon discussed the politics of the slippery slope. He noted that while it is not inevitable that one policy will logically lead to another, there is evidence to suggest that "setting a precedent can open Pandora’s Box". Christopher drew on recent events with regards to vaccine passports and public health policy to illustrate his point.
[link removed]
Free speech in peril... On Tuesday, the Joint Committee on the Draft Online Safety Bill published its report on the government’s proposed legislation – which urged ministers to give more power to Ofcom.
In an article for Conservative Home ([link removed]) , IEA Head of Regulatory Affairs Victoria Hewson argued that while the report rightly notes the complexity and opacity of the Bill, its recommendations may make this worse.
The IEA will soon be publishing suggestions to protect online speech in the face of this "chillingly authoritarian legislation".
HOW TO FUND SOCIAL CARE
[link removed]
On Monday, IEA Senior Academic Fellow and Director of the Vinson Centre at the University of Buckingham Professor Philip Booth appeared before the Levelling Up, Housing and Communities Committee to give evidence on social care funding. You can watch the full session here ([link removed]) .
IEA PATREON
Thank you to all of you who have already signed up to become an IEA Online Patron. Becoming a Patron grants you VIP access to our latest videos, priority invites to our virtual events, and the opportunity to engage directly with IEA Director General Mark Littlewood and the IEA team. For just a small donation you can get all these benefits and more.
[link removed]
To visit the page and find out more about the IEA’s Patreon, follow the link here ([link removed]) or watch our trailer here ([link removed]) .
IEA DIGITAL
[link removed]
In the latest episode of The Swift Half, Christopher speaks to Andrew Lilico, Executive Director and Principal of Europe Economics, about the threat posed by Omicron and the government's approach to public health. Watch here ([link removed]) .
[link removed]
Markets & Morality host Adam Bartha welcomed Danielle Boxall, Media Campaign Manager at the TaxPayers' Alliance, and Sam Dumitriu, Research Director for The Entrepreneurs Network, to discuss their least favourite taxes. You can watch here ([link removed]) .
[link removed]
On the IEA podcast this week, IEA Communications and Public Affairs Officer Kieran Neild Ali, spoke to Professor Paul Ormerod about how economics could have improved Covid public policy.
Paul Ormerod is a member of the Advisory Council at the IEA and a fellow of the British Academy for the Social Sciences. Paul is also a visiting Professor in the Department of Computer Science at University College London.
[link removed]
You can now watch a talk by Christian Ahlborn from the conference the IEA hosted with the Information, Technology and Innovation Foundation on the competition and regulation of digital markets.
Christian is the Global Head of Linklaters’ Antitrust and Foreign Investment Group and also co-heads the firm’s Technology sector team. Christian is qualified in England, Wales and Germany and is widely recognised as a market-leading competition lawyer.
A reminder that we will be uploading a new talk from the conference every Monday on the IEA YouTube Channel ([link removed]) . You can watch here ([link removed]) .
[link removed]
In November, the IEA welcomed comedian Dominic Frisby and documentarian Alex Webster for a screening of their new film 'Adam Smith: Father of the Fringe'.
The event attracted a full house of guests and was followed by a Q&A, chaired by Mark Littlewood. The film tells the extraordinary story of the Edinburgh Fringe and its economic success. Dominic attributes this success to the Fringe being "the realisation of everything that the 18th century philosopher Adam Smith ... argued for". You can watch the film for free here ([link removed]) .
CALLING ALL STUDENTS!
Ahead of the Christmas break, we are delighted to announce our internship and summer school programme for 2022.
[link removed]
A-Level / IB Economics Exam Revision Course... For the first time, we will be running an exam revision course from Tuesday 12 – Thursday 14 April.
Our week-long Internship Programme will also run as normal from Monday 4 – Friday 8 April. Applications for both programmes close on February 4 2022.
[link removed]
Residential Summer School... In partnership with the Institute of International Monetary Research, the Vinson Centre, and the Initiative for African Free Trade and Prosperity, the IEA will host a residential summer school.
This programme is open to undergraduate students and will take place from 27 June to 8 July. It will have four streams: general economics, monetary theory, economic history, and trade and globalisation.
Sixth Form Future Thought Leaders’ Programme... You can also apply to attend a week-long programme for sixth formers which will take place from Monday 25 – Friday 29 July. The week will include lectures, discussions, and debates with expert economists.
Summer School Internship... Last but not least, our summer school internship will start from Tuesday 2 August – Friday 19 August. Interns will participate in lectures, seminars, debates, discussions, as well as workshops on professional and career development.
You can find out more about all of our internship programmes here ([link removed]) , or email IEA Education, Outreach and Programmes Manager Brittany Davis at [email protected] (mailto:[email protected]) with any questions.
TIME FOR A (STUDENT) CHALLENGE
[link removed]
A reminder that submissions are open for the IEA's Monetary Policy Essay Competition ([link removed]) , which is run in partnership with the Vinson Centre and the Institute of International Monetary Research. This year’s question is: 'Does inflation matter? And will the current inflation upturn be transitory or not?' The deadline is Friday, January 21st 2022.
Entries are also still open for this year's Budget Challenge ([link removed]) . Schools can enter teams of up to four students to put together a submission that will outline a budget with taxation and spending policy for the United Kingdom in the coming financial year. The deadline to submit is Friday, January 28th 2022.
============================================================
With a little help from our friends....
** ([link removed])
As an educational charity, the work we do is entirely funded by donations. If you are able to help please click ** here ([link removed])
or contact ** [email protected] (mailto:[email protected]?body=Dear%20Angela%2C)
. Thank you.
And why not get Amazon to donate too?
All you have to do is to start shopping on ** [link removed] ([link removed])
and pick the Institute of Economic Affairs Limited as your chosen charity. The IEA will then receive 0.5% of your spending on most items. Everything else remains the same (and at no additional cost to you).
** Twitter ([link removed])
** Facebook ([link removed])
** LinkedIn ([link removed])
You are receiving this email from the Institute of Economic Affairs
** Unsubscribe ([link removed])
from this list.
© 2021 Institute of Economic Affairs
Institute of Economic Affairs 2 Lord North Street London, London SW1P 3LB United Kingdom
Registered in England 755502, Charity No. CC/235 351, Limited by Guarantee
** Forward ([link removed])
this email to a friend
This email was sent to [email protected] (mailto:[email protected])
why did I get this? ([link removed]) unsubscribe from this list ([link removed]) update subscription preferences ([link removed])
Institute of Economic Affairs . 2 Lord North Street . London, London SW1P 3LB . United Kingdom
Message Analysis
- Sender: Institute of Economic Affairs (IEA)
- Political Party: n/a
- Country: United Kingdom
- State/Locality: n/a
- Office: n/a
-
Email Providers:
- MailChimp