There is never such a thing as a single true and fair view, only a range of possible outcomes. To assess a value from the mean outcome is as meaningless as the observation that the average person has 1.99 legs.
30 July 2014, Financial Times
23 July 2014, Financial Times
Limited competition may actually yield worse results for customers than either full-blooded competition or a cartel. Perhaps that explains the particularly tentative approach of the Competition and Markets Authority.
09 July 2014
Concepts of fiduciary obligation have been watered down in the modern financial services sector. It is time to reverse that.
02 July 2014
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.
25 June 2014
Can Britain’s NHS really be the best in the world – except for keeping its patients alive? John reviews the paradox.
11 June 2014
What does the death rate from violent accident in England over seven centuries tell us about moral hazard in the financial system?
04 June 2014
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
28 May 2014
The correlation between a temperate climate and economic prosperity is clear and striking. What are the causes?
21 May 2014
Economics students are – yet again – expressing dissatisfaction with the content of their curriculum. They are right
14 May 2014
The failures of the Coop provide insights into common management problems in not for profit institutions – including Oxford University.
14 January 2011, Scottish Affairs
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