This paper makes the case for bringing forward the unidentified £15bn of austerity measures that have to be made in the next parliament, and spending the extra £50bn this would save over four years to simulate the economy and cut unemployment through investing in infrastructure.
The Social Market Foundation was founded in late 1989, as state socialism collapsed in Europe. Today, a global economic crisis has brought us to another fork in the road. We face economic stagnation and a heavy burden of government debt.
Saving is difficult. It goes against the immediacy of our impulses and the messages of our culture. But what is difficult for us as individuals is a problem for us all as a society. The financial crisis showed how vulnerable we are, both as individuals and as a society, to shocks.
How does trust interact with financial services markets? What impact did the financial crisis really have on trust? And what more long-term, endemic problems in the market have driven distrust?
With the UK economy struggling to gain traction in the wake of recession, the Government needs a strategy for growth.
As the dust begins to settle on the Government’s much anticipated budget for growth, the Social Market Foundation brings you analysis and comment on some of the major announcements made by George Osborne today.
Philip Collins served as director of the SMF and as speechwriter for Tony Blair. In this essay, Collins defines three pillars upon which the social market philosophy stands: markets are 'social organisms'; the 'thin line' between politics and markets makes careful regulation necessary; and market systems are more productive than planned ones.
How should the shape of the state change to confront the twin challenges of economic growth and environmental sustainability? In this essay, Dieter Helm argues that a new direction is needed which owes more to the rules-based order of Hayek than the short-run demand management of Keynes.
In The Social Market Economy Revisited, former Chairman of the SMF, Lord Skidelsky, returns to the themes of his seminal 1989 essay that marked launched the Foundation.
In the second of a series of essays to mark the 21st anniversary of the Social Market Foundation, John Kay looks back at the triumph of the market economy since the fall of the Berlin Wall.
Website by: Commotion