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	<title>John Kay</title>
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		<title>The pound is a poison pill for an independent Scotland</title>
		<link>http://www.johnkay.com/2012/02/01/the-pound-is-a-poison-pill-for-an-independent-scotland</link>
		<comments>http://www.johnkay.com/2012/02/01/the-pound-is-a-poison-pill-for-an-independent-scotland#comments</comments>
		<pubDate>Wed, 01 Feb 2012 00:26:43 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Scotland]]></category>
		<category><![CDATA[Value]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8370</guid>
		<description><![CDATA[Currency is a confidence trick: its value depends entirely on the belief that it has value.]]></description>
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		<title>The Limits of Consistency and Rigor, and Why Economics Needs Eclecticism</title>
		<link>http://www.johnkay.com/2012/01/31/the-limits-of-consistency-and-rigor-and-why-economics-needs-eclecticism</link>
		<comments>http://www.johnkay.com/2012/01/31/the-limits-of-consistency-and-rigor-and-why-economics-needs-eclecticism#comments</comments>
		<pubDate>Tue, 31 Jan 2012 11:20:21 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8375</guid>
		<description><![CDATA[On the 31st January, the Institute for New Economic Thinking (INET) interviewed John to discuss the current state of economics. John suggests that economics has focused too much on axiomatic and deductive reasoning and has been constrained by the simplifying assumptions that such an agenda imposes. The first part of the interview is here. To watch the rest, you [...]]]></description>
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		<title>When capitalism and corporate self-interest collide</title>
		<link>http://www.johnkay.com/2012/01/25/when-capitalism-and-corporate-self-interest-collide</link>
		<comments>http://www.johnkay.com/2012/01/25/when-capitalism-and-corporate-self-interest-collide#comments</comments>
		<pubDate>Wed, 25 Jan 2012 09:02:55 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Competition]]></category>
		<category><![CDATA[Rent]]></category>
		<category><![CDATA[technology]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8364</guid>
		<description><![CDATA[Adam Smith had not imagined a world in which the Wealth of Nations would cross the world digitally at the click of a mouse. Nor had he envisaged one in which legislation would be drafted by paid lobbyists.]]></description>
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		<title>Public Administration Select Committee</title>
		<link>http://www.johnkay.com/2012/01/24/public-administration-select-committee</link>
		<comments>http://www.johnkay.com/2012/01/24/public-administration-select-committee#comments</comments>
		<pubDate>Tue, 24 Jan 2012 23:40:32 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8358</guid>
		<description><![CDATA[On the 24th January, John appeared in front of the Public Administration Committee to give his views on strategic thinking in government. Watch full coverage here.

]]></description>
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		<title>What hope for the economy?</title>
		<link>http://www.johnkay.com/2012/01/20/what-hope-for-the-economy</link>
		<comments>http://www.johnkay.com/2012/01/20/what-hope-for-the-economy#comments</comments>
		<pubDate>Fri, 20 Jan 2012 16:00:56 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8355</guid>
		<description><![CDATA[On the 7th February John will be speaking at an Intelligence Squared event, entitled &#8216;What hope for the economy?&#8217; Evan Davies will be grilling a distinguished panel of economists, journalists and business leaders, as well as taking questions from expert witnesses in the audience. The event will be held at the Royal Geographical Society, starting at 6.45pm and finishing [...]]]></description>
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		<title>A real market economy ensures that greed is good</title>
		<link>http://www.johnkay.com/2012/01/18/a-real-market-economy-ensures-that-greed-is-good</link>
		<comments>http://www.johnkay.com/2012/01/18/a-real-market-economy-ensures-that-greed-is-good#comments</comments>
		<pubDate>Wed, 18 Jan 2012 09:30:58 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[ideology]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Theory]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8348</guid>
		<description><![CDATA[Our intuition is that a centrally planned allocation of resources will be more efficient than an uncoordinated one. In a market economy, that error constantly leads us to overestimate the economic advantages, and longevity, of large companies.
]]></description>
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		<title>Let’s talk about the market economy</title>
		<link>http://www.johnkay.com/2012/01/11/let%e2%80%99s-talk-about-the-market-economy</link>
		<comments>http://www.johnkay.com/2012/01/11/let%e2%80%99s-talk-about-the-market-economy#comments</comments>
		<pubDate>Wed, 11 Jan 2012 09:37:15 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Fallacies]]></category>
		<category><![CDATA[ideology]]></category>
		<category><![CDATA[Ownership]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8345</guid>
		<description><![CDATA[Modern titans derive their authority and influence from their position in a hierarchy, not their ownership of capital.]]></description>
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		<title>Good Strategy/Bad Strategy &#8211; Richard Rumelt</title>
		<link>http://www.johnkay.com/2012/01/04/good-strategybad-strategy-richard-rumelt</link>
		<comments>http://www.johnkay.com/2012/01/04/good-strategybad-strategy-richard-rumelt#comments</comments>
		<pubDate>Wed, 04 Jan 2012 09:03:32 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Review]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8332</guid>
		<description><![CDATA[


It looks to me as if there is really only one question you are asking in each case. The question is: ‘what is really going on here?’ ”
The remark was made by a colleague of Richard Rumelt at the Anderson School of Management at UCLA, who had sat through several of Prof Rumelt’s strategy classes.

Prof Rumelt, [...]]]></description>
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		<title>Avoiding fluff is surest route to success</title>
		<link>http://www.johnkay.com/2012/01/04/avoiding-fluff-is-surest-route-to-success</link>
		<comments>http://www.johnkay.com/2012/01/04/avoiding-fluff-is-surest-route-to-success#comments</comments>
		<pubDate>Wed, 04 Jan 2012 08:54:21 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Strategy]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8329</guid>
		<description><![CDATA[Good strategy begins with diagnosis. And diagnosis is analysis, not a description of symptoms. You don’t go to your doctor to be told you have a sore throat.]]></description>
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		<item>
		<title>In love as in equities, we are fooled by randomness</title>
		<link>http://www.johnkay.com/2011/12/28/in-love-as-in-equities-we-are-fooled-by-randomness</link>
		<comments>http://www.johnkay.com/2011/12/28/in-love-as-in-equities-we-are-fooled-by-randomness#comments</comments>
		<pubDate>Wed, 28 Dec 2011 16:42:15 +0000</pubDate>
		<dc:creator>John Kay</dc:creator>
				<category><![CDATA[Article]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[Theory]]></category>

		<guid isPermaLink="false">http://www.johnkay.com/?p=8323</guid>
		<description><![CDATA[This year I wrote that if men think about sex on average every seven seconds, the average man last thought about sex three and a half seconds ago. But neither love nor equity markets are so predictable.]]></description>
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