A tale of (not very) ancient times
Once upon a time, there was a wise and kindly Emperor, with a faithful retainer called Sid. One day, the Emperor took him aside ‘...
Finance Competitiveness
The Queen's speech included proposals to introduce a bill to implement the Financial Reform Framework put forward by the Treasury in No...
Ergodicity
Radical Uncertainty begins with two signature examples of the misuse of probabilistic reasoning.- the decision by Obama to order the ra...
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...
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 ...
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 ...