18.4 C
London
Monday, July 23, 2018

WELCOME

John Kay is one of Britain’s leading economists.  His interests focus on the relationships between economics and business.  His career has spanned academic work and think tanks, business schools, company directorships, consultancies and investment companies.

From 1 July, John’s weekly column will no longer be appearing in the Financial Times.  He will, however, continue to write frequently, and with the same witty and authoritative style that has won a wide following for his columns.  His articles will, however, be appearing in a wider variety of print and online sources, and may be shorter or longer than the 650 limit imposed by a newspaper column.

The best way to continue to follow John’s writing is via this website www.johnkay.com.  There will be new material every week, and this will either be on the site or accessible via a link from it.  You can receive a Twitter feed or email link to such new material in the ‘stay connected’ section.

CONNECT

13,300FollowersFollow

EVENTS

No Events

Britain’s retailers are too quick to blame business rates

It is a remarkable fact, but few businesses ever seem to fail because of excessive leverage, misconceived strategies, or inability to meet the needs...

BREXIT

Trump victory has its roots in the post cold-war settlement

There is wide agreement that Brexit and Trump's election were caused by economics. But this and the prescriptions - tweaks to the income distribution, more aid to failing industries and districts - understate the scale and nature of the problem.

Jam tomorrow: The meaning of non-tariff trade barriers

The reality of Brexit and trade negotiations is a review of the rules governing myriads of individual products in mind-numbing detail. Those who thought Brexit meant less regulation, less bureaucracy, fewer civil servants, are in for a surprise.

RECOMMENDED

FUTURE OF FINANCE

Five Books: Best Books for the Beginner Investor

John recently spoke to Five Books on the five books he recommends to people who are considering starting investing. Find the full interview here,...

Moving Beyond “Capitalism”

https://soundcloud.com/curioio/john-kay-moving-beyond/s-1dfFJ I wish we would stop using the word Capitalism. It is a 19th-century term, derived from 19th-century economic philosophy. But today people who would run...

Equity markets are thriving but are they relevant?

The equity markets with which we are familiar came into being in the 19th century to finance railways and railroads. Railways and railroads were...

QUANTITATIVE EASING

Essays on modern monetary policy pt. 3: The folly of negative...

Business history, of a sort, was made last week by the French pharmaceutical company, Sanofi, its blood thinner Plavix familiar to those with arteriosclerosis,...

Essays on modern monetary policy pt. 2: Ponzi schemes and Ricardian...

Last week, I reiterated the immutable foundation of double-entry bookkeeping. For every financial asset there is a corresponding financial liability. But it may not be...

Essays on modern monetary policy pt. 1: The nonsense of “helicopter...

This is the first of several essays on monetary policy. There is a priesthood which believes that money and finance are special, beyond the normal scope of logic, economic reasoning, or common sense, and full of arcane mysteries which can only be fully understood by those who have been fully initiated into the priesthood. In these essays I plan to debunk this idea.