Uncategorized

The Institute of Ideas’ Economy Forum website has recently been updated to include a recording of my introduction to a discussion of Adam Smith’s The Wealth of Nations. Scroll down to view. There is also a recording of my earlier introduction on neoliberalism.

With inflation dipping down to only 0.5% in March there is much speculation about whether the European Central Bank (ECB) will finally embrace quantitative easing (QE). The pundits are busy pondering whether it will belatedly follow other central banks in taking unconventional monetary measures to stave off deflation. This is a misleading way to discuss the [...]

This is the text of a box within my latest Fund Strategy cover story on Japan. Tensions between Japan and its regional neighbours represent one of the greatest threats to any positive scenario for the country’s recovery. Strains in Asia more generally represent one of the gravest threats to global stability. The rows between Japan, [...]

This is the main text of my recent Fund Strategy cover story on Japan’s experiment with “Abenomics”. Note that I had to be a guarded in expressing my own opinion as my brief was to write a feature based on the views of others. Three arrows held together cannot be broken, according to a Japanese [...]

My latest Fund Strategy column examines the worrying trend towards slower economic growth in emerging economies. By coincidence the World Bank today revised downwards its forecast for growth in East Asia. A disturbing new tag has become attached to the emerging world in recent months. The term “fragile five” has started to compete with Brics and [...]

Economics may have ignored financial markets in the past but it has gone way too far in the opposite direction. Nowadays finance has become an obsession while there is little talk about the real economy. I was reminded of this trend while listening to a recent BBC Radio 4 Analysis programme presented by Duncan Weldon. At [...]

My profile of Petter Stordalen, an anti-capitalist billionaire from Norway, was published in Financial Times Wealth on Friday. The original link can be found here. Is it possible to be an anti-capitalist billionaire? Many would assume the question is absurd. Surely the greatest beneficiaries of the market economy should be its staunchest supporters? Not so [...]

Normally I pay relatively little to the Budget in Britain as it seldom contains much that is new. This time around I was stuck by a throwaway claim made by George Osborne, the chancellor, in his speech: “The independent statistics show that under this government income inequality is at its lowest level for 28 years.” [...]

After my spiked article on Oxfam’s growth figures was published yesterday I belated remembered the development charity’s attitude towards economic growth. It has overtly called for incomes in the rich countries to remain steady or even fall. This is my blog post on the subject from 30 September 2009: Duncan Green of Oxfam explicitly calls [...]

It is widely held that the devastating economic crisis of recent years was the result of the bursting of an economic bubble. Ironic then that the authorities seem intent on inflating another one. One of Britain’s sharpest economic commentators concluded that the Bank of England will never unwind quantitative easing after hearing Mark Carney, the [...]