Posts Tagged ‘John Kay’

supply and demand in housing markets

Monday, December 4th, 2017

FT columnist John Kay drafted a useful analysis of the UK housing crisis, a portion of which I copy and paste below. (more…)

John Kay on economic controversy

Thursday, October 8th, 2015

I am a great fan of FT columnist John Kay, but his column this week is a profound disappointment. It has deservedly attracted a large number of negative comments. Mr Kay’s errors are serious – serious enough to warrant publication of a corrected version, for the benefit of readers who do not have access to (or the patience to read) online comments at (more…)

advice from bankers for investment of retirement savings

Sunday, September 6th, 2015

FT columnist John Kay, in this weekend’s newspaper, has published a long, fascinating extract from his new book, Other People

the job of the economist

Sunday, September 6th, 2015

Most business people think that the job of the economist is to predict whether exchange rates will go up or down. Economists are not very good at predicting whether exchange rates will go up or down, with the result that business people have very little regard for economists.

John Kay’s blog, “accessible & relevant economics“, undated.

So very true!

FT columnist John Kay defends liberal education

Wednesday, August 26th, 2015

It is a mistake to focus basic education on job-specific skills that a changing world will render redundant in a few years. The objective should be to equip students to enjoy rewarding employment and fulfilling lives in a future environment whose demands we can neither anticipate nor predict. ….

Fareed Zakaria

women in the world of finance

Wednesday, March 18th, 2015

British economist John Kay thinks that banks would improve if more women were in charge.

The most powerful posts in the financial world are held by women. Janet Yellen chairs the US Federal Reserve, and Christine Lagarde is managing director of the International Monetary Fund. Mary Jo White heads the US Securities and Exchange Commission, and was preceded in that job by Elisse Walter and Mary Schapiro. America

lobbyists and sex workers

Saturday, February 28th, 2015

This post is not about lobbyists’ payment to sex workers for services rendered (nor vice versa). Rather, it is about difficulties both groups face in legal collection of fees for services rendered.

Economist John Kay explains that only five years ago did the US Supreme Court begin to classify lobbying as a remunerative activity worthy of judicial protection. Previously, the court ruled that an agreement to lobby for pay, like an agreement to provide sex for pay, is “pernicious in its character”, so unenforceable. Sex workers, presumably, are still unable to appeal to courts for collection of unpaid bills.

[In 1874] the [US] Supreme Court … [ruled that a] contract to lobby government … was contrary to public policy and hence, like an agreement to sell sex, unenforceable in the courts. Paid lobbying, said Mr Justice Swayne, was

?the simple economics of increased longevity

Wednesday, October 15th, 2014

Thanks to technological change, life expectancies everywhere are rising. John Kay this that this is wonderful -a demographic change to be welcomed rather than feared.

Achieving these extended lifespans costs money. Not necessarily much, because healthy lifestyle is a more important contributor to longevity than medical treatment. But we all die, either from the remaining diseases we have not yet learnt to cure, or the accumulated effects of old age itself. So medical and care costs will inevitably be an increasing fraction of national income. But this is money the public really wants to spend. It resists attempts to control the grotesque costs of private US healthcare.

banking in crisis-prone USA and dull Canada

Thursday, June 5th, 2014

Mark Carney, governor of the Bank of England, is rightly admired for his handling of the global financial crisis. But perhaps the key fact is not that he is Mr Carney, but that he is Canadian, and the bank of which he was previously governor was the Bank of Canada. ….

The US had a uniquely fragmented and fragile retail banking structure, the product of a long-term alliance between community bankers and agrarian populists, made possible by a system jealous of states

reforming the economics curriculum

Wednesday, May 21st, 2014

Students of economics are in revolt