Robust and Resilient Finance
Modern banks - and most other financial institutions - trade in securities, and the growth of such trade is the main explanation of the...
Engineering vs Economics
Here is an engineer working for NASA describing his approach:
“I try to predict what happens when a spacecraft enters the atmosphere...
Moving beyond Capitalism
I wish we would stop using the word Capitalism.
It is a 19th-century term, derived from 19th-century economic philosophy. But today ...
The Concept of the Corporation
Over the past fifty years or so, the economic theory of the firm has been based on a model of corporate activity which perceives the fi...
Do we need equity markets in the twenty first century?
The equity markets with which we are familiar came into being in the 19th century to finance railways and railroads. Railways and...
Risk and the retail investor
I am a board director of Scottish Mortgage Investment Trust, a £6bn investment fund based in Edinburgh. You can receive material a...