I will not post again until 9 November as I am taking a short break. Those particularly keen to read my next Perspective column on Monday can go direct to the Fund Strategy page of the Fundweb site.
Watching two eminent economists in conversation I was struck by how much current economic debates lean on a one-sided interpretation of the Great Depression. Paul Krugman and Joseph Stiglitz were speaking at the Fashion Institute of Technology in New York. The two have a lot in common: Nobel prizes, Ivy League professorships, immensely high public […]
This Perspective column was first published in Monday’s edition of Fund Strategy. It was written before the publication of the latest GDP figures although these do not change the substance of the argument. Something weird seems to be happening to the economy and, despite having important implications, only a few geeky economists appear to have […]
The following was the basis for my speech on austerity at last weekend’s Battle of Ideas conference. It was also submitted as an opinion piece to CityAM but not published. A debate on how to revive the British economy is urgently needed. That might seem an odd thing to say given that there appear to […]
As so often happens nowadays I first heard the news on Twitter. Evidently the German finance minister had made some kind of big statement on the economy. As is also often the case with Twitter the exact nature of the news was obscure. Two of my left wing contacts had retweeted a tweet from @StewartWood, […]
This Perspective column was first published in Monday’s edition of Fund Strategy. Will automatic enrolment into pensions schemes help Britain meet the challenge of an ageing population? Understood properly the answer should be a resounding “no”. There is a fundamental flaw in the way the question is posed. It embodies the incorrect assumption that demographic […]
The importance of ideas in understanding economic developments is both overestimated and underestimated. It is overestimated in that the overwhelming impulse of mainstream politicians today is to be pragmatic. That applies as much to David Cameron and Ed Miliband or to Barack Obama as to Mitt Romney. Of course they will sometimes modify their rhetoric […]
This Perspective column was first published in today’s edition of Fund Strategy. What difference would it make if Mitt Romney were elected as the next American president? At the time of writing Barack Obama was marginally ahead in the polls but a lot could happen before the election on 6 November. In any case it […]
This Perspective column was first published in today’s edition of Fund Strategy. It is hard to imagine many things more annoying than someone who thinks their ideas are deep and original when in reality they are banal and derivative. Purveyors of behavioural economics generally fit the bill. Although behavioural economics has several high profile exponents, […]
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