http://www.ft.com/comment/columnists/john-kay John Kay on economics and business en (PICS-1.1 "http://www.classify.org/safesurf/" L gen true for "http://www.ft.com/" r (SS~~000 1)) © Copyright The Financial Times Ltd 2013. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse. Tue, 21 May 2013 15:42:05 GMT Sat, 25 May 2013 19:57:16 GMT client.support@ft.com (Client Support) 15 Newspapers http://www.ft.com/rss/comment/columnists/john-kay http://im.ft-static.com/m/img/rss/RSS_Default_Image.png http://www.ft.com/comment/columnists/john-kay http://www.ft.com/cms/s/0/a913569e-be1a-11e2-9b27-00144feab7de.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct A practice that amounts to little more than a convenience for the legal establishment does society a grave injustice Tue, 21 May 2013 15:42:05 GMT http://www.ft.com/cms/s/0/a913569e-be1a-11e2-9b27-00144feab7de.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct a913569e-be1a-11e2-9b27-00144feab7de http://www.ft.com/cms/s/0/ddb30e62-bbf9-11e2-a4b4-00144feab7de.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct The business-finance paradox is that companies never had so little need for capital nor so much engagement with capital markets, says John Kay Tue, 14 May 2013 18:18:37 GMT http://www.ft.com/cms/s/0/ddb30e62-bbf9-11e2-a4b4-00144feab7de.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct ddb30e62-bbf9-11e2-a4b4-00144feab7de http://www.ft.com/cms/s/0/a330193c-b682-11e2-93ba-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct The failure of democracy to handle the aftermath of the global crisis threatens to undermine the consensus that emerged post 1989, writes John Kay Tue, 07 May 2013 18:09:33 GMT http://www.ft.com/cms/s/0/a330193c-b682-11e2-93ba-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct a330193c-b682-11e2-93ba-00144feabdc0 http://www.ft.com/cms/s/0/a6b6ec80-a5c4-11e2-b7dc-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct Plans to replicate an institution characterised by obsolescence and failure show an important lesson has not been learnt, writes John Kay Tue, 30 Apr 2013 16:11:27 GMT http://www.ft.com/cms/s/0/a6b6ec80-a5c4-11e2-b7dc-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct a6b6ec80-a5c4-11e2-b7dc-00144feabdc0 http://www.ft.com/cms/s/0/67fa7868-a5c4-11e2-b7dc-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct If I represented the Scottish government I would try to secure a monetary union with the rest of the UK but expect to fail, writes John Kay Tue, 23 Apr 2013 17:11:21 GMT http://www.ft.com/cms/s/0/67fa7868-a5c4-11e2-b7dc-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct 67fa7868-a5c4-11e2-b7dc-00144feabdc0 http://www.ft.com/cms/s/0/652040be-a5c4-11e2-b7dc-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct The growth of the trading culture has encouraged the belief that the only measure of value is what someone is willing to pay, writes John Kay Tue, 16 Apr 2013 17:33:19 GMT http://www.ft.com/cms/s/0/652040be-a5c4-11e2-b7dc-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct 652040be-a5c4-11e2-b7dc-00144feabdc0 http://www.ft.com/cms/s/0/3e8e37f8-9e03-11e2-9ccc-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct When China asks how to establish the institutions to support a stable, wealthy economy, it is not enough to reply ‘property rights’, says John Kay Tue, 09 Apr 2013 16:29:30 GMT http://www.ft.com/cms/s/0/3e8e37f8-9e03-11e2-9ccc-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct 3e8e37f8-9e03-11e2-9ccc-00144feabdc0 http://www.ft.com/cms/s/0/dbfee788-9aef-11e2-97ad-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct Effective regulation demands recognition that the normal fate of failed commercial institutions is to be wound up, writes John Kay Tue, 02 Apr 2013 15:47:19 GMT http://www.ft.com/cms/s/0/dbfee788-9aef-11e2-97ad-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct dbfee788-9aef-11e2-97ad-00144feabdc0 http://www.ft.com/cms/s/0/a06ecf44-954a-11e2-a151-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct There are clear analogies between Yahoo’s retreat from home teleworking and one woman’s rout of town planners half a century ago, says John Kay Wed, 27 Mar 2013 12:22:48 GMT http://www.ft.com/cms/s/0/a06ecf44-954a-11e2-a151-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct a06ecf44-954a-11e2-a151-00144feabdc0 http://www.ft.com/cms/s/0/8cc4d33e-8fe7-11e2-ae9e-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct The notion that even carefully considered moral legislation tends to do more harm than good is taking some time to get through, writes John Kay Tue, 19 Mar 2013 19:19:23 GMT http://www.ft.com/cms/s/0/8cc4d33e-8fe7-11e2-ae9e-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct 8cc4d33e-8fe7-11e2-ae9e-00144feabdc0 http://www.ft.com/cms/s/0/7f6e27d2-8a72-11e2-9da4-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct For a time, the coalition government seemed willing to let figures tell their own story. That time has now passed, writes John Kay Tue, 12 Mar 2013 17:23:44 GMT http://www.ft.com/cms/s/0/7f6e27d2-8a72-11e2-9da4-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct 7f6e27d2-8a72-11e2-9da4-00144feabdc0 http://www.ft.com/cms/s/0/50adb8c4-84d5-11e2-891d-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct Berkshire Hathaway owes its stellar success to a model that is sustainable and simple, so it is baffling that there are few imitators, writes John Kay Tue, 05 Mar 2013 17:16:41 GMT http://www.ft.com/cms/s/0/50adb8c4-84d5-11e2-891d-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct 50adb8c4-84d5-11e2-891d-00144feabdc0 http://www.ft.com/cms/s/0/b22182d4-7f49-11e2-97f6-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct A legal case has highlighted that the term ‘balance of probabilities’ has different meanings for lawyers and statisticians, writes John Kay Tue, 26 Feb 2013 19:41:28 GMT http://www.ft.com/cms/s/0/b22182d4-7f49-11e2-97f6-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct b22182d4-7f49-11e2-97f6-00144feabdc0 http://www.ft.com/cms/s/0/94639ab8-79f2-11e2-b377-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct A reduced starting rate to help the low paid has been introduced and abandoned three times in Ed Miliband’s lifetime, writes John Kay Tue, 19 Feb 2013 17:53:08 GMT http://www.ft.com/cms/s/0/94639ab8-79f2-11e2-b377-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct 94639ab8-79f2-11e2-b377-00144feabdc0 http://www.ft.com/cms/s/0/b9eee1d6-6f96-11e2-b906-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct The objective of monetisation has not been to put money in the hands of consumers, but to put it in bank vaults, writes John Kay Tue, 12 Feb 2013 19:04:24 GMT http://www.ft.com/cms/s/0/b9eee1d6-6f96-11e2-b906-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct b9eee1d6-6f96-11e2-b906-00144feab49a http://www.ft.com/cms/s/0/b692191e-6ec8-11e2-9ded-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct The reputation of finance has been degraded by the actions of a few. But the few have been running the show, writes John Kay Tue, 05 Feb 2013 17:50:24 GMT http://www.ft.com/cms/s/0/b692191e-6ec8-11e2-9ded-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct b692191e-6ec8-11e2-9ded-00144feab49a http://www.ft.com/cms/s/0/75a8ef54-6969-11e2-9246-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct Confronted with the specifics, rather than the principle, of constitutional change, many voters revert to the status quo, writes John Kay Tue, 29 Jan 2013 17:39:18 GMT http://www.ft.com/cms/s/0/75a8ef54-6969-11e2-9246-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct 75a8ef54-6969-11e2-9246-00144feab49a http://www.ft.com/cms/s/0/58c2a83a-63e2-11e2-b92c-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct Why do we think ticket scalping for a free papal mass is more offensive than it is for a Bruce Springsteen concert, asks John Kay Tue, 22 Jan 2013 19:05:21 GMT http://www.ft.com/cms/s/0/58c2a83a-63e2-11e2-b92c-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct 58c2a83a-63e2-11e2-b92c-00144feab49a http://www.ft.com/cms/s/0/fe905396-5e62-11e2-a771-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct A lesson in grand vision and design that is a timely reminder of the contribution the Victorians made to our capital city, writes John Kay Tue, 15 Jan 2013 17:39:10 GMT http://www.ft.com/cms/s/0/fe905396-5e62-11e2-a771-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct fe905396-5e62-11e2-a771-00144feab49a http://www.ft.com/cms/s/0/740ff462-58ed-11e2-b59d-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct In both cases, the real problem was not with rules and processes but with the political context in which they were applied, writes John Kay Tue, 08 Jan 2013 18:43:52 GMT http://www.ft.com/cms/s/0/740ff462-58ed-11e2-b59d-00144feab49a.html?ftcamp=published_links%2Frss%2Fcomment_columnists_john-kay%2Ffeed%2F%2Fproduct 740ff462-58ed-11e2-b59d-00144feab49a