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 […]
The biggest challenge facing the world economy is not the difficult economic conditions but what could be called gloomsters. These are the fatalists who think nothing much can be done about economic problems besides tinkering with monetary policy or public spending. Gloomsters are not what Margaret Thatcher long ago called “moaning minnies” . On the […]
There follows the text of my recent spiked article on austerity. It is widely accepted that Britain’s coalition government, like many of its counterparts across the developed world, is wilfully imposing harsh austerity on the public. In this view, the government is subjecting the population to an ideologically motivated squeeze on living standards in a […]
My latest spiked article disputes the claim that Britain, and the West more generally, is suffering from austerity. The malaise is deeper and wider than the A-word suggests. I will post the full text in the next few days.
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 […]
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