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.
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05 March 2014, Financial Times
29 January 2014, Financial Times
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.
08 January 2014, Financial Times
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.
30 November 2013, Financial Times
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.
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.
31 July 2013, Financial Times
John considers the evidence for quantitive easing as an effective driver of growth, in this short video for the FT.
10 July 2013, Financial Times
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?
03 July 2013, Financial Times
The match between capabilities and environment is the key to the success of the tortoise. It is also the key to successful business strategy, the effectiveness of institutions, and to personal development.
13 February 2013, Financial Times
The objective of monetisation has not been to put money in the hands of consumers and businesses but to put money in the vaults of banks.
13 June 2012, Financial Times
To pass the watchtowers and barbed-wire fences on the Finnish-Russian border is to be reminded of how fragile, and how recent, are the stability and security we take for granted today.
29 April 1998, Financial Times
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