Nov 27, 2012

Corporate tax should be fair and shared

It is not difficult to understand why mere mortals are angry

Nov 20, 2012

The monumental folly of rent-seeking

The success of market economies is not achieved by policies that encourage greed

Nov 13, 2012

Fetish for making things ignores real work

Only a small proportion of the value of goods is represented by manufacturing and assembly

Nov 6, 2012

London’s new airport held to ransom by folly

Travellers from emerging economies will prefer to land at Paris and Frankfurt

Oct 30, 2012

Scotland’s debate lacks seriousness

What would an independent Scotland actually be like? The answer is that no one really knows

Oct 23, 2012

The wrong sort of competition in energy

Mechanisms that should protect consumers are found wanting

Oct 16, 2012

The brashness and bravado in big deals

In M&A these days, doing the deal is what matters; justification comes afterwards

Oct 9, 2012

How do skirts differ from computers?

The structure of indices makes a big difference to pensions, tax allowances and index-linked debt

Oct 2, 2012

Higher pay boosts economics and politics

Policy to give the low-paid more money rather than benefits is worthy of debate

Sep 25, 2012

The welfare state’s a worthy Ponzi scheme

Social security costs would be a problem even if wasn’t for Bismarck and Beveridge

Sep 18, 2012

Take on Wall St titans if you want reform

It is futile to expect stability in a system that is driven by volatility

Sep 11, 2012

Law that explains bank regulation folly

Complex safeguards failed because failure is intrinsic to that style of oversight

Sep 4, 2012

Why Sony did not invent the iPod

Industries with the power to hold back economic growth open the door to outsiders

Aug 28, 2012

How I learnt the power of checklists

Forgetting my goggles has helped me marvel at organisation

Aug 21, 2012

Why do we need to pay billions of pounds for big projects?

The explosion of the cost of mega projects is a recent phenomenon

Aug 14, 2012

The other multiplier effect, or Keynes’s view of probability

For the economist, probability was about believability, not frequency

Aug 7, 2012

When storytelling leads to unhappy endings

Some people become obsessed by narratives that offer theories of everything

Jul 31, 2012

Media frenzies are no basis for sound laws

The press has a special responsibility in reporting crime such as the Aurora massacre

Jul 24, 2012

The parable of the ox

Or why it is hard to castrate a bull market

Jul 22, 2012

Finance needs stewards, not toll collectors

The chain of intermediation should be shorter and simpler

ABOUT JOHN

John Kay John Kay has been writing a column on economics and business since 1995. He is currently a visiting professor at the London School of Economics. He also had a career in the policy world which established the Institute for Fiscal Studies as one of the most respected think tanks, and a business career.

John has published many books, including Foundations of Corporate Success (1993), The Truth About Markets (2003) and The Long and the Short of It: Finance and investment for normally intelligent people who are not in the industry (2009). His latest book, Obliquity: Why our goals are best achieved indirectly, was published by Profile Books in March 2010.

E-mail John Kay