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The Bezzle Years

This essay was originally written for Project Syndicate in 2015. If anything, it is more relevant now. More than...

Robust and Resilient Finance

Support for this paper was gratefully received from the Korea Institute of Finance, which has published it here. Abstract

Rethinking Risk

To mark the end of his time as an Independent Director at Scottish Mortgage Investment Trust, John was interviewed by James Anderson,...

Finance in the Public Interest

John participated in a panel discussion on finance in the public interest, hosted by the Institute and Faculty of Actuaries. He was...

RIP PLC: The Rise of the Ghost Corporation

From the mid-19th century to the end of the 20th, one form of economic organisation seemed to be displacing all others—the limited...

Radical Uncertainty: Video Recordings

Although future events have been cancelled due to coronavirus, several talks about Radical Uncertainty have been recorded. The discussion and questions at...

Ethical Finance

I was introduced to Catholic social teaching through the work of Alasdair MacIntyre. MacIntyre brought the concept of Aristotelian virtue ethics into...

Pensions are stuck in a doom loop

In 1991 the ebullient fraudster Robert Maxwell disappeared from his yacht and was found to have looted the Daily Mirror pension funds to support his crumbling...

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...

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