Posts Tagged ‘finance

This is the text of my latest feature for the Financial Times (published last Thursday) Religion and wealth have long been seen as separate realms. “Ye cannot serve God and mammon,” says a famous passage of the King James Bible. But look more carefully and it becomes apparent that the links are closer and more […]

It was only recently that I recognised the adoration Britain’s leading financial newspaper has for the man often dubbed the thinker behind the Occupy movement. The Financial Times published a long extract from David Graeber’s new book, The Utopia of Rules, on the front page of its weekend Life and Arts section. I quickly realised it […]

For those interested in my more technical articles here is a piece I wrote for the March issue of IPE magazine (it can also be read on the IPE website here). Smart beta has had a foothold in the foreign exchange market for years, although the approach is less pervasive than those of other asset […]

This is my latest article for spiked. The sanctimonious war of words against tax dodging embodies a fundamental attack on individual freedom. Although the offensive appears to be aimed mainly at wealthy individuals and multinational corporations, it threatens to undermine liberty for everyone. Economics is not the real focus of the frenzied discussion of tax […]

The pious war against tax dodging is much more dangerous than any schemes for evading or avoiding tax. When individuals or corporations act to minimise their tax payments the worst that can happen is that the authorities lose billions in tax revenue. In contrast, the stakes in the sanctimonious offensive against tax dodging are much […]

It is one of the most bewildering discussions in a confusing area. Deflation is welcomed by some economists but condemned by others as a grave threat. Some basic distinctions are necessary to understand the debate. Let’s start by outlining recent developments. The eurozone’s inflation rate fell by 0.2 per cent in the year to December […]

The contemporary obsession with the super-rich often combines an intense interest in breathtaking bling with a quiet loathing of those with spectacular wealth. Both ingredients in this peculiar cocktail were on display in BBC2’s recent Meet the Super Rich season of documentaries. Rich, Russian and Living in London focused on the lavish lifestyle of wealthy […]

The last thing I expected to be thinking about after a long and boozy Christmas lunch was economics. However, my first ride in an Uber taxi set me thinking. For those who have not used Uber, which operates in over 50 countries, it is service that allows users to order taxis using their mobile phone. […]

This is the text of my recent book review in the Financial Times Astute observers of capitalism have long recognised there is a tension at its heart. Although the market economy is based on the pursuit of self-interest, its legitimacy depends on benefiting the wider society. These two contrasting elements were understood as far back […]

This article was first published in the December issue of Fund Strategy. Of all the confusing areas of economics one of the most bewildering is public spending. Despite its centrality to public debate in Britain most people probably shrug their shoulders when they hear it being discussed. Yet its profile is likely to get higher […]