Articles

‘Trust me, I am a financial adviser’ is not good enough

Concepts of fiduciary obligation have been watered down in the modern financial services sector. It is time to reverse that.

A British identity crisis has hobbled the No campaign

The Scottish referendum is unlikely to produce a majority for independence. But in the absence of a positive assertion of what it means to be British, the United Kingdom is sleepwalking towards separation.

The ‘best’ health care is not always the one that keeps us alive

Can Britain’s NHS really be the best in the world – except for keeping its patients alive? John reviews the paradox.

How the health and safety culture can curb moral hazard

What does the death rate from violent accident in England over seven centuries tell us about moral hazard in the financial system?

Why banking crises happen in America but not in Canada

John contrasts Timothy Geithner’s firefighting approach to financial crises with the analysis of their political origins of Calomiris and Haber in Fragile by Design

Drizzle alone will not provide a path to prosperity

The correlation between a temperate climate and economic prosperity is clear and striking. What are the causes?

Angry economics students are naive – and mostly right

Economics students are – yet again – expressing dissatisfaction with the content of their curriculum. They are right

How a proud corporate history can lead to poor governance

The failures of the Coop provide insights into common management problems in not for profit institutions – including Oxford University.

Drug companies are built in labs, not boardrooms

The history of ICI and the British pharmaceutical industry may provide some pointers to show how shareholders and policymakers should react to Pfizer’s bid for Astra Zeneca.

No one will go to the ballot box to express concerns about investment fund custodianship

John asks what should Scottish business really think about the forthcoming independence referendum.