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Published in: ourEconomy: OpinionFinance must serve society during the COVID-19 crisis – not disrupt itThe viral excesses of finance are to blame for the current market volatility. Tough measures should be taken to make...
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Published in: openEconomyLondon's not yet ready to love its bankersThe author finds himself debating whether the intelligence squared forum in London should vote to "love its...
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Published in: openEconomyFidite Nemini, trust no oneThe big banks seem to have come out of the financial meltdown relatively undamaged, if not stronger than ever. But...
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Published in: openEconomyThe post-Lehman financial system is its own source of risk - so why put up with it?The cost of credit to the financial system is now higher than it is for industrials. The financial system has become...
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Published in: openEconomy"But you told me I could, Sir". Bob Diamond's "bent for the job" defence
Bob Diamond, ex-Barclays chief, defends himself by saying he got a nod and a wink from the Bank of England and the...
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Published in: openEconomyHarder than cracking DiamondThe resignation of the Barclays chief, if welcome, should not be allowed to obscure the need for fundamental reform....
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Published in: openEconomyA Manifesto for Economic Sense
The economic lessons of the 1930s need not be repeated. Two of the world's leading economists ask us to sign a...
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Published in: openEconomyCredit rating agencies: the wrong institutions for public judgement
Whether the ratings agencies get this or that decision right or wrong - they were probably right in the case of the...
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Published in: openEconomyIs inflation a good tax? Can we have an honest political discussion about it?
UK inflation at 5% is considered almost a victory by the economic managers of the nation. Yet it is a blunt...
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Published in: openEconomyBlame the speculator, shoot the messenger: habits of the trapped politician
Sergio Bruno makes much of the recent rise in the cost of borrowing for the Italian government, blaming speculation...
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Published in: openEconomyMoney, public debt and the Euro: defences against fragmentation
Roger Scruton (Unreal Estates) argues for a remoralised economy in response to Europe's debt crisis. But this is...
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Published in: openEconomyA return to financial health is simple: Glass Steagall plus transparency
Financial regulation in the wake of the credit crisis is a simpler matter than the re-moralising advocated by Roger...
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Published in: openEconomyFreedom to re-invent financial reality
The fictions of finance gives us freedom to change what might seem like externally determined constraints; but we...
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Published in: openEconomyUnreal Estate
The legal fiction of the "corporate person" has helped economic growth through making possible limited liability,...
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Published in: openEconomyFellow Britons! Remember: the banks still owe their survival to us. Let's use that power well
Without massive ongoing public support the banks will fail. We should take the consequences seriously, they extend...
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Published in: openEconomyHa-Joon Chang in conversation with Tony Curzon Price on "23 Things they don't tell you about capitalism", students, strikes and legitimacy as a public good
A wide-ranging conversation recorded in Cambridge, England, on November 29th 2010. Ha-Joon Chang discusses students,...
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Published in: openEconomyNations must be allowed to go bust, and the nineteenth century histories of Egypt, Tunisia and Algeria remind us that lenders will cope just fiine
George Soros writes in the FT that the EU is making two mistakes: "One is that they are determined to avoid defaults...
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Published in: openEconomyIs the next crash just around the corner?
Professor Nouriel Roubini believes we are already pumping up the next financial markets bubble, whose collapse will...
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Published in: openEconomyDealing with the post-crisis: the US's pain options
The banking crisis creates a quantum of pain that we will all feel. But there are choices in the way that pain is...
