The 2015 election was an almost unmitigated disaster for the UK Labour party. Yet there was one significant success — an intellectual one. It’s called “predistribution”. And it has already been put to use by the new Conservative administration with a 40% increase in the minimum wage.
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22 July 2015, Financial Times
24 December 2014
At Christmas people will spend time with relatives they do not much like, give presents that the recipients value at less than they cost, and eat and drink more than they know is good for them. This is not completely irrational.
05 November 2014, Financial Times
The rout of the Brazilians by the Germans at this year’s football World Cup and British success in cycling seems to reinforce the thesis that hard work trumps talent. Yet it is not just modesty that leads me to suspect that even after 10,000 hours I would not be ready to perform at Wembley Stadium.
13 August 2014, Financial Times
Established companies in all industries are inhibited in their response to radical change by vested interests inherent in their existing business models. Now, in publishing, it’s time for the author to be placed where he or she should be – in charge.
11 August 2014, Financial Times
If Scotland introduces its own currency the first minister should declare that all contracts made in sterling – or dollars – will continue to be payable in that currency.
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?
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
05 March 2014, Financial Times
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.
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.
28 August 2007, Financial Times
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