Feb 26, 2013

A story can be more useful than maths

The term ‘balance of probabilities’ has different meanings in law and statistics

Feb 19, 2013

Labour’s new tax policy is an old mistake

A reduced starting rate has been tried and abandoned before

Feb 12, 2013

For a stimulus, boring is best

The objective of monetisation has been to put money in bank vaults

Feb 5, 2013

A ballboy, a union and bankers’ duty

The reputation of finance has been degraded by the actions of a few

Jan 29, 2013

Given a choice voters opt for safety

If David Cameron’s EU referendum goes ahead, he too will benefit from the fear factor

Jan 22, 2013

The limits of what money can buy

What criteria determine which goods are properly valued and which not?

Jan 15, 2013

London’s rise from sewer to spectacle

The Victorian legacy provides a timely lesson in grand vision and design

Jan 8, 2013

Leveson failed to learn from credit crisis

The problem lies not with rules and processes but with the political context in which they are applied

Jan 1, 2013

Only fools claim to know the future

There are few certainties about the future other than that it is uncertain

Dec 18, 2012

To understand Christmas, go to the pub

With gift-giving as with finance, it takes an eclectic approach to understand human behaviour

Dec 11, 2012

Starbucks shows need for tax change

The world the principle envisages could not generate the profits the principle seeks to tax

Dec 4, 2012

The allies who moulded the welfare state

A Briton and an American had deep influence on modern social policy

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

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