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Tu ne cede malis

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Tu ne cede malis, sed contra audentior ito. This was the motto of Ludwig von Mises, a great economist and political scientist. It comes from Virgil’s Aeneid, Book VI and it translates as, “Do not give in to evil but proceed ever more boldly against it”. And so we should. Last week, the Institute of Economic Affairs published Dr Eamonn Butler’s Ludwig von Mises Primer: Ludwig von Mises was one of the greatest economists and political scientists of the twentieth […]

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They meant well

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“They meant well” by D R Myddelton, published by the IEA, is a tour-de-force of government project disasters. It analyses in detail: The R101 Airship The groundnut scheme Nuclear power Concorde The Channel Tunnel The Millenium Dome One would have hoped it was redundant to point out that these massive programmes needed to be managed actively, but the author finds it necessary to indicate the three essentials for managing projects in progress: Regular reviews, focusing on the latest estimates of the […]

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