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For those who are interesting I have written just had an article on the economic and financial transition of emerging markets in IPE magazine (free registration needed to read). However, I have not pasted the text here as it reflects the views of the interviewees more than my own.

It was a surprise to hear Mervyn King appear on BBC Radio 4’s documentary series on Germany: Memories of a Nation. The former Bank of England governor is well known for his passionate support for Aston Villa FC and his interest in cricket but not his German expertise. However, on closer inspection it made sense. […]

This is the main text of my Fund Strategy cover story for November on the eurozone on the 25th anniversary of the collapse of the Berlin wall. I should emphasise that, given this is a piece for a financial magazine, I had to rein in my own opinions and quote experts from within the investment […]

The extent to which inequality has come to be blamed for most of the world’s economic problems is astounding. Will Hutton, principal of Hertford College, Oxford, summed up the charges in an Observer article earlier this year: “It’s inequality that is behind poverty, ill health and the growth of the welfare bill. It’s inequality propelling the […]

There is something profoundly disturbing about the reaction to Russell Brand’s rants but it has nothing to do with his garbled slogans or juvenile demeanour. It is rather that many influential people seem to respect the middle-aged comedian’s views. His recent appearance on the BBC2 Newsnight programme was more of a tirade than an interview. Much of […]

Fund managers may not realise it but they are already being set up as scapegoats for the next financial crisis. Banks got most of the blame for the 2008-9 crisis, and were severely criticised for their role in the eurozone’s troubles, but it looks like asset managers could be next. Just look at the latest […]

This is my column for the October issue of Fund Strategy. Few seem to have noticed how the role of mainstream economics has changed in recent years. In many cases it could reasonably be called the art of making excuses for poor economic performance. Until a few years ago, many policymakers were congratulating themselves on […]

The world’s economic fortunes depend more than ever on China’s performance. So when an expert claims that the Asian giant is facing formidable challenges his arguments should be considered carefully. Fraser Howie certainly qualifies as a specialist in Chinese finance. He has written three books on the subject including most recently Red Capitalism:The fragile financial foundations […]

This blog post from Portugal was first published yesterday on Fundweb. Although I do not draw out the point in the piece it seems to me that the European Union, as an elitist technocratic project, has played a considerable role in inculcating the fatalist mood I describe.  It was not originally planned that way but […]

I will be speaking at two sessions at this year’s Battle of Ideas weekend festival in London’s Barbican Centre on the weekend of 18-19 October. On Saturday I will be debating the plight of the “Pigs” – Portugal, Italy, Greece and Spain – in the eurozone crisis. Philippe Legrain and Vicky Price will also be on […]