Institute of Economic Affairs

The IEA is the UK’s original free-market think-tank, founded in 1955. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. Given the current economic challenges facing Britain and the wider global environment, it is more vital than ever that we promote the intellectual case for a free economy, low taxes, freedom in education, health and welfare and lower levels of regulation.

The IEA also challenges people to think about the correct role of institutions, property rights and the rule of law in creating a society that fosters innovation, entrepreneurship and the efficient use of environmental resources.

The IEA is an educational charity (No CC 235 351) and independent research institute limited by guarantee. Ideas and policies produced by the Institute are freely available from our website for any individual or organisation to adopt, but we do not “sell” policy. The Institute is entirely independent of any political party or group, and is entirely funded by voluntary donations from individuals, companies and foundations who want to support its work, plus income from book sales and conferences. It does no contract work and accepts no money from government.

Established in 1955 by the late Sir Antony Fisher and Lord Harris, the IEA’s first Director General, and joined by Arthur Seldon as the first Editorial Advisor, the IEA has a long and proud history.

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Recent Reports

By Matthew Lesh

This report from UK think tank the IEA looks at principles that public authorities must follow when granting subsidies. The…

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By Mark Pennington

This report from UK think tank the IEA takes a Hayekian view of the pandemic response. Socio-economic systems should be…

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By Stephen Davies

This report from UK think tank the IEA looks at how to reshape the UK's Higher Education for the post-pandemic…

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By Stephen Davies, Syed Kamall

This report from UK think tank the IEA looks at the changing relationship with China post Covid-19. Covid–19 is provoking…

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By Kevin Dowd; Dean Buckner

This report from UK think tank the IEA looks at whether British banks would pass the Covid-19 stress test. The…

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By Victoria Hewson; James Tumbridge

This report from UK think the IEA looks at the Information Commissioner's Office. The Information Commissioner has wide ranging functions…

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By Syed Kamall

This report from UK think tank the IEA looks at what global trade will look like in a post Covid-19…

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By Julian Jessop

This latest report, from UK think tank the IEA looks at the problems in health economics and cost-benefit analysis. The…

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