This is my Perspective column from this week’s Fund Strategy magazine. Although GDP is central to much economic and financial debate, it is remarkably poorly understood. Experts pore over every statistical release and every subsequent revision but rarely question the meaning of the measure itself. This one-sidedness was clear in the recent preliminary estimate for [...]
Economist and author Dan O’Neill and journalist and author Daniel Ben-Ami go head-to-head. This debate is from the May issue of New Internationalist. Feel free to comment on the magazine’s site. Dan Kenneth Boulding once warned that anyone who believes exponential growth can go on forever in a finite world is either a madman or an [...]
One of the most peculiar but least understood developments of our time is the emergence of billionaires against capitalism. Even some of the greatest beneficiaries of the market system seem deeply disillusioned with it. Bill Gates provided a striking example this week when he slated the market for distorting important priorities. He reportedly told a [...]
This is my Perspective column from this week’s Fund Strategy magazine. An event on economics has seldom shocked me so much. The public launch of the “Manifesto for Growth” at the London School of Economics (LSE) came across as blatantly disdainful of the public and the democratic process. My reading of the report’s central argument [...]
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 [...]
I will be debating Four Horsemen, a new documentary, next Wednesday evening at the Frontline Club in London. Other panelists will include Ross Ashcroft (the film’s director), Mark Braud and Phillip Blond.
This blog post was first published on Fundweb on 12 March. I have often wondered why so many western tourists say they dislike Singapore. They complain about what they see as its conformism and petty authoritarianism. Now I think I know the real reason they react against the place. It is hard not to see [...]
My latest spiked review on technocratic thinking is listed on Arts & Letters today.
This is a box for my recent Fund Strategy cover story. I will paste the final box tomorrow. Bazooka. Popular term for a large sum of money used to underpin a bail-out of troubled national debt. European Banking Authority (EBA). The EU’s London-based banking regulator. Responsible for such tasks at the stress testing of EU [...]
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