Category Archives: News

The Icelandic Parliament’s Special Investigation Commission, SIC, on the 2008 bank collapse correctly identified two factors contributing to the collapse: the rapid expansion of the banks on the one hand and a hidden, or invisible, risk factor embedded in the … Continue reading →

The world is rapidly improving, whether we look at living standards, health, literacy or the reduction of many social evils, such as violent crimes, warfare and contagious diseases. We have also seen a greening of the earth, with ever less … Continue reading →

A resource rent tax in the fisheries is not the best means to achieve the efficient utilisation of the fish stocks, because it will probably always be unacceptable to the fishing sector itself. A system of individual transferable quotas, ITQs, … Continue reading →

The much-discussed theories of French economist Thomas Piketty are not based on sound principles, as can be seen on a close scrutiny. This was what Professor Hannes H. Gissurarson, RNH Academic Director, argued at the conference of European Students for … Continue reading →

Grazing rights in the Icelandic mountain pastures, individual transferable quotas in the Icelandic fishing grounds and the indexed Icelandic krona are three examples of institutions or solutions developed spontaneously by the market rather than imposed by government. This was claimed … Continue reading →

The emerging Asia of the last thirty years was the main topic discussed at the 2014 general meeting of the Mont Pèlerin Society in Hong Kong 31 August to 5 September. Hundreds of millions of Asian people have migrated from … Continue reading →