Obtaining better information about companies is essential to the efficiency of markets and society: obtaining it fractionally earlier is of no public value at all.
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05 February 2014, Financial Times
15 January 2014, Financial Times
Economics is not a method but a subject – one defined by the problems it sets out to tackle not the techniques it uses.
11 December 2013, Financial Times
Although transactions with low probability of large loss and high probability of small gain carry the potential for disaster, they can appear attractive for a very long time – perhaps for ever.
04 December 2013, Financial Times
Envy is both inseparable from economic progress and destructive of social cohesion. Some inequality is inevitable, and there seem to be three principal factors that make it more tolerable.
13 November 2013, Financial Times
Nuclear power and financial systems both have the capacity to blow up the world. Perhaps there are lessons from one for the other.
06 November 2013, Financial Times
Ethics are about what to do when good behaviour and profitable business are not necessarily the same thing.
23 October 2013, Financial Times
If I had a million pounds for every time I have heard a possible reform opposed because “it wouldn’t have prevented Northern Rock or Lehman Brothers going bust”, I might now have enough money to bail out a bank.
16 October 2013, Financial Times
Financial economics, for half a century a showpiece in economic departments, is today struggling to maintain credibility in the face of the financial instability of the past two decades.
18 September 2013, Financial Times
If we engineered the financial system with the same care and competence as the electricity network, financial crises would be less common.
11 September 2013, Financial Times
President Nicolas Sarkozy was reported to have told aides “if France loses its triple A rating, I’m dead”. A few days later France lost that status; a few months later, Mr Sarkozy was out of office.
23 August 2005, Financial Times
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