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Sometimes the best that a company can hope for is death 21 Aug 2013 | 01:46 pm
Humans have always found it hard to cope with the idea that every individual has a lifespan even as life itself goes on. The idea of a natural life cycle for a business, or industrial centre, is even ...
Spotting a banking crisis is not like predicting the weather 14 Aug 2013 | 02:14 pm
The further one moves from mechanisms that are well understood and events that are frequently repeated, the less appropriate is the use of probabilistic language.
A currency is anything that two people agree is a currency 7 Aug 2013 | 03:50 pm
Money is a confidence game; its value depends entirely on the willingness of other people to accept it.
The world must learn to deal with the reality of failure 31 Jul 2013 | 02:57 pm
Having invented the concept of GSifi to describe too-big-to-fail banks, the world’s financial regulators are on the hunt for other businesses which can be treated in a similar way.
The mystery of QE 31 Jul 2013 | 02:44 pm
John considers the evidence for quantitive easing as an effective driver of growth, in this short video for the FT.
A real energy revolution needs us to look beyond sound bites 24 Jul 2013 | 05:42 pm
To be able to use power the UK needs to build power stations, but it is easier to posture, prevaricate and procrastinate than to take decisions.
The market is not the best place to set a fair price for assets 17 Jul 2013 | 04:05 pm
What happened at Enron, and in the banks, was that trading assets were marked to values that had been established not by people who knew about the contracts or the loans, but by the biased and ill-inf...
Quantitative easing and the curious case of the leaky bucket 10 Jul 2013 | 05:28 pm
In the modern financial economy, the main effect of QE is to boost asset prices, as market gyrations of recent weeks have clearly illustrated. But is the pursuit of higher asset prices an effective or...
Darwin’s humbling lesson for business 3 Jul 2013 | 12:45 pm
The match between capabilities and environment is the key to the success of the tortoise. It is also the key to successful business strategy, the effectiveness of institutions, and to personal develop...
Britain is leading the world on banking reform 26 Jun 2013 | 04:45 pm
Globally, the Bank of England has been the main source of fresh and sceptical thinking on the future of the financial sector. While this has won it few friends in the City of London, such unpopularity...
