Ethics in Finance and Business
Last week, Sears, America’s leading retailer through most of the 20th century, filed for bankruptcy protection under Chapter 11 of the ...
Boon or Bubble?
Boon or Bubble?
Is Bitcoin a bubble, a scam, a Ponzi scheme? Or a transformational innovation which will change forever the function...
On USS with Mervyn King
For many years, much of the British workforce enjoyed lifetime employment with a secure pension, based on final salary and underpinned ...
Prospect
Between 1920 and 1950, a debate took place which defined the future of economics in the second half of the 20th century. The leading pr...
Review of Cass Sunstein: The Cost-Benefit Revolution
Is economic cost benefit analysis a key tool of evidence-based policy, which has transformed the quality of public decision making? Or ...
The Mechanisms of Regulatory Capture
It is a remarkable fact, but few businesses ever seem to fail because of excessive leverage, misconceived strategies, or inability to m...
The Mechanisms of Regulatory Capture
Begin with some paradoxes. About five years ago, I undertook a review of the UK equity markets for the British government. I had to lis...
Hybrid Organisations
Hybrid Organisations
What do Channel 4 television, Companies House, the Post Office, the Royal Bank of Scotland, the Royal Mint and ...
Review of Jesse Norman on Adam Smith
No-one is more widely quoted by people who have not read his work. Even people who have never visited a library, far less opened a copy...
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...