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May 7, 2013
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ft.com > Comment > Columnists >
©Reuters
May 7, 2013
©Getty
Apr 30, 2013
Fannie Mae is the wrong model for UK
Plans to replicate an institution characterised by failure show an important lesson has not been learnt
- Property of the state housing policy
- Inside Business Fannie and Freddie no model for UK housing
©Dreamstime
Apr 23, 2013
Sovereign Scots may have to drop sterling
Edinburgh should try to secure monetary union with England, but it would probably fail
©Bloomberg
Apr 16, 2013
Fair value is not the same as market price
The belief that the only measure of value is what someone is willing to pay is wrong
- The Long View Bitcoin bubble
- The Short View Gold has rival for disaffected’s affections
©AP
Apr 9, 2013
Prosperity requires more than rule of law
The requirements for a stable and wealthy economy go beyond property rights
©Getty
Apr 2, 2013
Bungled bailout heralds shift in attitudes
Effective regulation demands recognition that the normal fate of failed institutions is to be wound up
©Getty
Mar 27, 2013
New York’s wonder shows planners’ limits
Unplanned social interactions are the key to vibrant cities and companies
©PA
Mar 19, 2013
On the brink of a shadow drink industry
Moral legislation has a tendency to do more harm than good
Mar 12, 2013
Politicians bow to pressures to bend data
For a time, the coalition seemed willing to let figures tell their own story
Mar 5, 2013
Even a subpar Sage is pure genius
Berkshire Hathaway owes its stellar success to a model that is sustainable and simple
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
ABOUT JOHN
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-
Commercial Analyst
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