Scotland can prosper whether Yes or No

Debate over the financial impact of independence is demeaned by posturing on both sides

A poser for those Scots with a vote

Much of the debate has been about economic issues that are far from conclusive either way

Instinct and analysis inform wise choices

We have an army of modellers turning evidence-based policy into policy-based evidence

Arbitrage wastes the finest minds

It is a game of cat and mouse, in which financial companies are steps ahead of the regulator

Innovation disrupted by warring gurus

The use of hindsight to reformulate a question so it validates one’s original thesis is widespread

An illustration of a woman on top of a stack of books
©Luis Grañena

Authors must back Amazon not Hachette

Savvy writers will get a much larger share of the sales proceeds

20/05/10. FT Byline. FT Journalist John Kay photographed at the offices of the Financial Times Today. Credit: Daniel Lynch. 07941 594 556.

Fixing Scotland’s depositor dilemma

Sterling contracts should continue to payable in that currency

Crime, responsibility and punishment

Strict liability should apply only to subordinates acting with the authority of the institution

LONDON, ENGLAND - SEPTEMBER 03: The National Lottery's 12 Poets of 2012 meet the Lottery Draw Show's Voice of the Balls at the National Lottery Plot in the Olympic Park on September 3, 2012 in London, England. (Photo by Ben Pruchnie/Getty Images for The National Lottery)

No such thing as one true and fair view

The absurdity whereby a fall in a bank’s credit standing becomes a source of profit

Competition does not always or necessarily work out well for bank consumers
©Press Association

Competitive pressure at banks can be bad

There is no such thing as ‘free’ current account banking

Adam Smith gives us a sporting chance

It is no surprise that the World Cup winners are selected from Germany’s 80m population

Financial advisers and the issue of trust

The management of conflict of interest is a slippery slope, and one that Madoff would slide off

Scotland and the British identity crisis

The real question is whether Scots also feel loyal to the UK

The ‘best’ care might not keep us alive

Spending above a base level has little effect on mortality and morbidity – lifestyle matters more

The quest for fair value in art and finance

Rembrandt might have been a fine painter but his portrait business left him bankrupt

Health and safety can curb moral hazard

If people are protected from risk, there will be more risk in the system, not less

Banking crises happen in US not Canada

The mortgage market in Carney country is enviably dull – as is the broader financial system

Drizzle alone will not provide prosperity

It is the interplay of several crucial factors that makes global poverty so intractable

Angry economics students are right

The need is to teach that pragmatism is the key to economic understanding

Proud but dysfunctional institutions

The Co-op and University of Oxford have fallen victim to failed governance structures


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.

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