John Maynard Keynes

Donald Winch obituary

Historian of economics keen to examine theories in their original contexts<p>The market fundamentalism that has swept the Anglo-American world in recent decades likes to claim the 18th-century Scottish political economist Adam Smith as its intellectual godfather. But as Donald Winch, who has died aged …

Business (UK)

The Emperor's New Clothes - Understanding Today's Financial World

New market highs in the land of make-believe.<p>Where are the limits in our brave new world?<p>Who is wearing invisible clothes now?<p>War on savers won at …

Business

Apple chip dispute proves too great a stretch of Imagination

With a resolution still no nearer, the chip designer has put itself up for sale<p>Karaoke. Botox. Speakerphones. None of these could really be deemed …

Alibaba's Jack Ma says in 30 years people will only work 4 hours a day

Jack Ma could be the poster child for the benefits of globalization: trained as a teacher, he founded e-commerce platform Alibaba in 1999 and is now …

Jack Ma

Less austerity will always mean more tax

There is a great deal of discussion, following the election, of relaxing or even abandoning austerity.<p>There is an equal amount of confusion about …

Business (UK)

When Innovation Moves Too Fast

We can adopt technologies early, but adaptation takes time Illustration: J.D. King Illustration: J.D. King <b>My go-to laptop</b> is out of storage space and …

Innovation

The 2017 general election marked the popping of the Blair-Clinton bubble

What happened in the parliamentary elections last week was the political equivalent of the collapse of a financial bubble.<p>For two years, practically …

Brexit

The Fed: Can the World’s Biggest S&L Get Back to Normal? - Online Library of Law & Liberty

The balance sheet of today’s Federal Reserve makes it the largest 1980s-model savings and loan in the world, with a giant portfolio of long-term, …

Federal Reserve

Zuckerberg's Opiate for the Masses

At Harvard’s commencement last month, dropout Mark Zuckerberg told eager graduates to create a new social contract for their generation: “We should have a society that measures progress not just by economic metrics like GDP, but by how many of us have a role we find meaningful.” He then said to …

Basic Income

The Global Economy in 2067

NEW YORK – The world is experiencing a slow-motion economic crisis – one that, most experts agree, will continue for the foreseeable future. The …

Economics

Goodbye, Yellow Brick Road

It’s no work at all to make modern money. Since the start of the 2008 financial crisis, the world’s central bankers have materialized the equivalent of $12.25 trillion. Just tap, tap, tap on a computer keypad.<p>“One Nation Under Gold” is a brief against the kind of money you have to dig out of the …

Opinion

Electric cars, that’s nothing. What really makes oil giants tremble is what happened to coal

Three cars parked directly in front of BP’s headquarters in St James’s Square Tuesday morning were plugged into electric charging sockets, poignant …

Oil

Change in Control Payments Are Bad for Investors and Bank Executives

Bankers will argue otherwise, but change in control payments should be done away with.<p>I recently had a conversation with an executive at a large bank …

Investing

History Lectures and Online Courses

Money issues abounded in the new United States. Why was the abundance of land (and lack of hard coin) such a problem? What compelled states to print …

History

Finance firms stick to hard Brexit plans despite calls for softer EU break

| LONDON<p>Finance firms in Britain say they are pushing ahead with plans to move staff and operations to continental Europe, despite a chance that the government may soften its 'Hard Brexit' policies after losing its parliamentary majority.<p>Although the possibility of the ruling Conservatives seeking …

Brexit

The World Bank in the Era of Trump

With the World Bank now far from the only game in town in providing development finance, this column argues that it should focus on issues which are …

Economics

Animal Spirits Are A Late-Stage Event

Lately, there has been a lot of chatter about the "Return Of Animal Spirits" as the catalyst to drive markets higher... and higher... and higher. But …

Ben Bernanke

What Jeremy Corbyn And The UK Election Should Teach Hillary Clinton -- And Democrats

Democrats must choose between being the party of the Good Aristocrats and the party that fights Authoritarians.<p>The international left is hailing the stunning performance of U.K. Labour Party Leader Jeremy Corbyn in Thursday’s election as a political and ideological victory. It’s easy to understand …

Jeremy Corbyn

All hail Comrade Corbyn – I recognise greatness when I see it

Jeremy is as reliable as a stopped clock. That’s the kind of man I want as the head of our government<p>Comrades. I’m going to tell you why I think Jeremy Corbyn is the right person to lead this country. First of all, I like the fact that he’s not a typical politician. There’s something refreshing …

Jeremy Corbyn

Ivan Maisky's diaries offer a spying masterclass that is still relevant today

The announcement of the return from the cold of John Le Carré’s George Smiley in a forthcoming new novel coincided with revelations that Sergei …

Russia

The Five Most Influential Alchemists In History

The prospect of magically changing the world around us resonated with many well-respected scientists throughout the ages.The post The Five Most …

Harry Potter and the Philosopher's Stone

Netflix: Outdated Accounting Practices To Blame For Overvaluation

Netflix's capital expenditures cover some things that could be argued as operational expenditures.<p>The company's earnings exclude costs that are vital …

Stocks

Are Robots Going to Steal Our Jobs?

"The reality is that we are facing a jobless future: one in which most of the work done by humans will be done by machines. Robots will drive our …

Economics

Next time someone says 'Money Tree' send them this

First we had ‘Brexit means Brexit’ then we had ‘Strong and stable’ (or was it ‘Stable and Strong’?), then the ‘Coalition of Chaos’, and now we have …

Economics

Did the Fun Work? | Miya Tokumitsu

If anything can make enchantment terse, it is the German compound noun. Through the bluntest lexical conglomeration, these words capture concepts so …

Keynesian Economics

Political Risks Grow As Governments Fail To Deal With Their Structural Issues

Political risk is dominating the headlines these days and you can imagine that the savvy and sophisticated investors are trying to take advantage of …

Business

The Political Risk In Europe: The U.K. Election Coming This Week

This coming Thursday, the UK will vote to elect a new government and Prime Minister May and her party are expected to win, but with smaller majority …

Brexit

Jobs Report Is No Friend to the Dollar or the Fed

Policy makers can't ignore the decelerating pace of hiring and wage growth.<p>John Maynard Keynes is often credited with having said “When the facts change, I change my mind.” In that spirit, the U.S. employment report for May should seriously challenge the notion that the Federal Reserve …

U.S. Dollar Index

Jobs Report Is No Friend to the Dollar or the Fed

Policy makers can't ignore the decelerating pace of hiring and wage growth.<p>John Maynard Keynes is often attributed with having said “when the facts change, I change my mind.” In that spirit, the U.S. employment report for May should seriously challenge the notion that the Federal Reserve …

U.S. Dollar Index

Peter Martin: The one thing treasurers must not do

The only part of each treasurer's duty statement that really matters is the bit that says "don't allow a recession".<p>That's why John Howard flicked …

Keynesian Economics