Once upon a time, there was a wise and kindly Emperor, with a faithful retainer called Sid. One day, the Emperor took him aside ‘You are serving me well, and as a mark of my esteem, you will receive a ...

You can best reach John by emailing [email protected] ...

It is, perhaps an unfortunate moment in history for Cass Sunstein, the distinguished American constitutional lawyer, to publish a treatise arguing for the first proposition. In the last fifty years, ...

All these problems reflect the underlying reality of extended regulatory capture. In this essay, I want to discuss the determinants of regulatory capture. The concept has been familiar for over a ...

Observe the differences. The first contains a statement of business purpose, the second an assertion of financial objective. The first embraces a variety of stakeholders, the second focuses attention ...

On the face of it, the USS fund seems in rude health. According to its latest annual report, about 200,000 active members contribute to USS and about 70,000 pensioners receive benefits. Last year, USS ...

‘ Thank you ,’ said the faithful retainer, ‘ but what happens, O wise Emperor, if you die before I do? ’ ‘ Have no fear ,’ said the Emperor, ‘ My descendants will recognise the prosperity I have ...

Recent stumbles by Bernie Sanders illustrate a misdirection in his attack on the banking establishment. The central problem is not so much “too big to fail” but “too complex to fail”.

Today John is talking about Other People’s Money at the Center for Corporate Governance in the Copenhagen Business School. Visit the event website for details. For those unable to make it, or to get ...

“To compel a man to furnish contributions of money for the propagation of opinions which he disbelieves and abhors is sinful and tyrannical.” The principle encapsulated in these words from Thomas ...

The recent decision to expand Heathrow is the latest in a catalogue of blunders stretching back to 1968. Why are UK governments so bad at decisions of this kind? Adversarial government, the tyranny of ...

A new and completely revised edition of The Long and the Short of It – finance and investment for normally intelligent people who are not in the industry will be published in early December by Profile ...