
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 people who would run ... Read more
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 ... Read more
I am Scottish, British and European and happy to remain so. I am, mostly, proud of all these things. I left Scotland more than 40
Swiss voters decided in a referendum on June 5 whether to introduce a “basic income”. In proposed reforms to the social welfare system, all residents would be
The term “helicopter money” is derived from a vivid image created by the US economist Milton Friedman in which a central banker showers notes on
Gordon Brown’s exchange with Gillian Duffy on the streets of Rochdale was a defining moment in the UK’s 2010 general election. It also revealed much
Poor Bernie Sanders. How can you expect to become US president if you are not familiar with the relative spheres of competence of the Federal Reserve
This was to have been the year of exit from quantitative easing. Instead, 2016 is going to be the year of negative interest rates. For more
It is hard to imagine life without digital search and the internet. This is as true for me as for anyone else: the greater ease
Shareholders own the corporation, and the duty of the directors to maximise shareholder value follows from that. I have lost count of the number of
Nothing illustrates more starkly the difference between the preoccupations of financial market participants and the needs of businesses and households than the subject of liquidity.
Last week I left home without my wallet. I soon realised it did not really matter. I could even manage without a plastic card. My
When I was a schoolboy in Edinburgh in the 1960s, the head office of the Bank of Scotland was an imposing building on the Mound,
Okay John, thank you very much for joining us today to discuss the concept that you recently put forward in a column in the Financial
A few years ago, I heard an after-dinner speech from a European statesman, a person who has played a leading role not only in the
“We will cut spending but not as fast or as nastily as the Conservatives; we believe in a market economy but not very strongly.” These were