Our perception that inflation is the normal condition is no more than a reflection of the experience of people alive today. And there is no qualitative difference between an economy in which prices are rising slightly and one in which prices are falling slightly.
28 January 2015, Financial Times
21 January 2015, Financial Times
Two decades ago, the American economist Laurence Kotlikoff proposed a structure of “intergenerational accounting” to enable us to better understand the ways in which our actions today impinge on the welfare of generations to come. Only if we develop and broaden that framework can we start to address the question Roche put to his fellow parliamentarians 350 years ago.
14 January 2015, Financial Times
In the face of an event like the attack on Charlie Hebdo, the urge to respond decisively is natural and strong. But the bias to immediacy and action is as pervasive in finance as it is in politics.
06 January 2015, Financial Times
The people who ran big companies were always relatively well paid, but the meaning of “relatively well paid” is now altogether different. Finance employs more people, recruits more able people and pays them a lot more. These effects have not been seen in countries, such as France and Germany, that have proved more resistant to financialisation.
02 January 2015, Financial Times
Anyone who thinks that the Smith Commission proposals on further devolution for Scotland will defuse the remaining issues lives in a political bubble distant from the interests of ordinary voters.
24 December 2014
At Christmas people will spend time with relatives they do not much like, give presents that the recipients value at less than they cost, and eat and drink more than they know is good for them. This is not completely irrational.
17 December 2014, Financial Times
The belief that an aggregate of casual opinions provides a better process of value discovery than a flow of informed judgment through close engagement by investors, is an article of faith rather than a matter of empirical evidence.
10 December 2014, Financial Times
The ability of young people today to benefit from future house price appreciation depends in large part on their parents’ capacity to pass on the benefits of past house price appreciation to them. But that injustice is different in nature and cause from the inequality that concerns Occupy Wall Street, or the purchasers of Prof Piketty’s book.
03 December 2014, Financial Times
There is only one way in which the Scottish government’s new freedom to vary income tax can be exercised, and that is to raise it. That was not what the supporters of more devolution had in mind when they asked for additional powers.
26 November 2014, Financial Times
The days when economic power was acquired by inheriting the mill are long gone. Mr Buffett began his business career as a mill owner, but closed the mills and went into insurance. That is the reality of capital in modern economics.
28 May 2008, Financial Times
You can search for all articles relating to a 'tag' by clicking on the relevant 'tag' word above. The size of the word indicates how many articles are available with the 'tag'.