Tag Search Results

A stealthy step towards abolishing income tax

The man who “laboureth much, and sparing the fruits of his labour, consumeth little” should not, Hobbes argued, pay more “than he that liveth idlely, getteth little, and spendeth all he gets”.

Economic abstractions conceal the true contours of human life

No economic model can describe “the world as it really is”.

Philistines may carp but scientists should reach for the sky

Anthropology helps us understand the world, in ways that are helpful whether we are talking about the internal contradictions of communism or the pathologies of financial crises.

Economists: there is no such thing as the ‘economic approach’

Economics is not a method but a subject – one defined by the problems it sets out to tackle not the techniques it uses.

London’s mayor is half right on envy, greed and inequality

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.

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?

Darwin’s humbling lesson for business

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.

Sinister or silly, protest politicians are united in grievance

The inability of democratic politics to handle the aftermath of the 2008 financial crisis has threatened to undermine the apparent consensus on liberal democracy and lightly regulated capitalism that emerged following the fall of the Berlin Wall.

Prosperity requires more than rule of law

When the Chinese ask how to establish the institutions to support a stable, prosperous economy, it is not enough to mumble: “Property rights and rule of law – go to Denmark and see.”

On the brink of a shadow drink industry

Restriction of business on moral grounds is not always unsuccessful but measures have to be applied with great care.