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.
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04 December 2013, 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.
27 November 2013, Financial Times
The Olympiad was a good party, which cost the British population about £200 per head.
30 October 2013, Financial Times
British technological failures have been compounded by a political phenomenon I have come to think of as “great leap forward syndrome”. The idea is that the best way to compensate for stumbles and missteps is to move, at one bound, ahead of the field.
02 October 2013, Financial Times
Negotiations over Scottish independence are framed by the observation that neither the rest of the UK nor the EU has anything significant to gain from such negotiation – or any wish to conduct such negotiation at all.
28 August 2013, Financial Times
Rail demand might increase substantially further, or it might not. If it does, there are many strategies more flexible, and orders of magnitude cheaper, than a new high-speed line.
24 July 2013, Financial Times
To be able to use power the UK needs to build power stations, but it is easier to posture, prevaricate and procrastinate than to take decisions.
17 July 2013, Financial Times
What happened at Enron, and in the banks, was that trading assets were marked to values that had been established not by people who knew about the contracts or the loans, but by the biased and ill-informed assessments of the traders.
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?
26 June 2013, Financial Times
Globally, the Bank of England has been the main source of fresh and sceptical thinking on the future of the financial sector. While this has won it few friends in the City of London, such unpopularity is a mark of success not failure.
08 August 2001, Financial Times
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