The Institute of Economic Affairs (IEA) is a UK-based think tank founded in 1957. It focuses on promoting free-market economics and advocating for policies that support individual liberty and economic growth. The IEA conducts research, publishes reports, and organizes events to influence public policy and debate. The IEA is known for its role in the development of economic ideas and has contributed to discussions on topics such as taxation, regulation, and public spending. It aims to provide policymakers and the public with evidence-based insights to foster a better understanding of economic principles and their implications.