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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?

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

The startling human progress that economists fail to see

The most important source of economic advance comes not from doing the same things better, but from achieving the same objective in a completely different way.

The world’s rich stay rich while the poor struggle to prosper

The dispersion of productivity among already rich countries has increased. Norway and Switzerland have surged ahead but laggards such as Italy – and indeed Britain – have struggled to keep up with the pack.

Coastal dwellers should take their own chances

When the sea defies mankind’s efforts to keep it in place, the shore people want these costs, too, to fall on the public at large.

Why London homes remain affordable – it is the buyers who change

The monetary rewards attached to different occupations and social positions change from one period of history to another. The houses remain, the backgrounds of their occupants change.

Sometimes the best that a company can hope for is death

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.

The mystery of QE

John considers the evidence for quantitive easing as an effective driver of growth, in this short video for the FT.

Quantitative easing and the curious case of the leaky bucket

In the modern financial economy, the main effect of QE is to boost asset prices, as market gyrations of recent weeks have clearly illustrated. But is the pursuit of higher asset prices an effective or desirable means of promoting economic growth?