Archive for May, 2013

This is my latest article for the Spiked Review of Books The Great Gatsby has become a phenomenon. Not only is there a new blockbuster film, with Leonardo DiCaprio in the title role, but also plays, dance performances and even computer games. The novel sells hundreds of thousands of copies every year and is almost […]

This is my cover story from last week’s Fund Strategy magazine. Note that, since I quote many people, not all opinions included in this article are mine. In his March 2011 budget speech the chancellor of the Exchequer, George Osborne, put forward a vivid vision of how the British economy could return to growth. The […]

One of the most pervasive and damaging misconceptions in public debate is that economics can be understood from the perspective of the consumer. The acceptance of this blinkered worldview makes a balanced understanding of the economy impossible. Take the idea that the economy is suffering from a lack of confidence or “animal spirits” as the […]

This is my Perspective column from this week’s Fund Strategy magazine. Sometimes important questions can be buried in nerdy technical discussions. This is certainly the case with the arcane debate about the eurozone’s Target2 imbalances. If those who proclaim their importance are right they reveal a new dimension to the financial challenges facing the currency […]

This year’s Champions League final provides an uncanny example of football imitating life. The arguments about the success of the German model, with two Bundesliga teams reaching the final, bear a striking resemblance to the economic debate. That is even leaving aside clichés about German “efficiency” in both arenas. Success for Bayern Munich and Borussia […]

This is my Perspective column from this week’s Fund Strategy magazine. It has become widely accepted that the wealthy, and particularly the super-rich, have changed fundamentally in the recent past. Not so long ago the rich mainly inherited their wealth but the current crop, so the argument goes, usually made their own fortunes. The editors […]