Financial economics, for half a century a showpiece in economic departments, is today struggling to maintain credibility in the face of the financial instability of the past two decades.
16 October 2013, Financial Times
09 October 2013, Financial Times
My decision not to read the terms of agreement when purchasing a new television is not the result of my stupidity and ignorance, but my wisdom.
02 October 2013, Financial Times
Negotiations over Scottish independence are framed by the observation that neither the rest of the UK nor the EU has anything significant to gain from such negotiation – or any wish to conduct such negotiation at all.
25 September 2013, Financial Times
Knowledge is more than additive. What we learn when we bring two bodies of knowledge together may be much more than the sum of each alone.
18 September 2013, Financial Times
If we engineered the financial system with the same care and competence as the electricity network, financial crises would be less common.
11 September 2013, Financial Times
President Nicolas Sarkozy was reported to have told aides “if France loses its triple A rating, I’m dead”. A few days later France lost that status; a few months later, Mr Sarkozy was out of office.
04 September 2013, Financial Times
Modern life involves complex and multidimensional products. It is perhaps inevitable that price structures appear similarly complex and multidimensional.
03 September 2013, Financial Times
Ronald Coase, who has died at the age of 102, played a key part in developing the intellectual arguments behind the market revolution that swept round the world in the 1980s.
28 August 2013, Financial Times
Rail demand might increase substantially further, or it might not. If it does, there are many strategies more flexible, and orders of magnitude cheaper, than a new high-speed line.
21 August 2013, Financial Times
Humans have always found it hard to cope with the idea that every individual has a lifespan even as life itself goes on. The idea of a natural life cycle for a business, or industrial centre, is even more difficult to accept.
23 January 2013, Financial Times
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