Our perception that inflation is the normal condition is no more than a reflection of the experience of people alive today. And there is no qualitative difference between an economy in which prices are rising slightly and one in which prices are falling slightly.
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28 January 2015, Financial Times
30 November 2013, Financial Times
The centre of political gravity in Scotland is far to the left of that of the UK and that is at the centre of the concerns – widely held but little expressed – of Scottish business over independence.
04 October 2011, Institute for New Economic Thinking
The reputation of economics and economists, never high, has been a victim of the crash of 2008. The Queen was hardly alone in asking why no one had predicted it. An even more serious criticism is that the economic policy debate that followed seems only to replay the similar debate after 1929. The issue is budgetary austerity versus fiscal stimulus, and the positions of the protagonists are entirely predictable from their previous political allegiances.
Scotland would gain few benefits from going it alone that it cannot already get as part of the United Kingdom
31 May 2011, Prospect
The SNP’s victory in the 5th May elections, which delivered an overall majority of 69 out of the 129 seats, means that the party can now fulfil its commitment to push for a referendum on independence. But independence, if achieved, would bring complications—both political and economic.
16 April 2011, Financial Times
Why do we so often find that events reinforce what we already believe? John explains how confirmation bias characterises reactions to the financial crisis.
28 October 2010, Financial Times
The interpretation of fairness is culturally specific but rarely does it correspond to measures of income inequality. Fairness is a perception, not a Gini coefficient.
30 June 2010, Financial Times
Government spin is especially debilitating because government is a monopoly supplier of much of the information that an informed democracy requires.
12 May 2010, Financial Times
Britain cannot aspire to continental European levels of public services with lower tax rates. Any British government has to confront that simple fact.
02 December 2009, Financial Times
The most effective control is other parties’ diligence in assessing the businesses with which they deal.
25 November 2009, Financial Times
All our experience of the development of information technology starts from what the customer might want rather than what the technology might do.
14 January 2011, Scottish Affairs
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