Once upon a time, there was a wise and kindly Emperor, with a faithful retainer called Sid. One day, the Emperor took him aside ‘ ...

Tonight, I would like to bury, not capitalism, as the Soviet leader Khrushchev foolishly claimed he would do, but the word capitalism. It is a misleading phrase which gives rise to general ...

The art of the deal lies in structuring a negotiation in which there is a surplus to divide, so that both sides win. There are three principal categories of economic exchange—mutually beneficial trade ...

The present crisis is not an act of God, unpredictable to and unpredicted by ordinary mortals. It was not caused by loose monetary policy in the United States. Nor was the crisis the result of the ...

The French government is drawing up a list of industries of strategic significance which must remain under French control. Will yoghurt be a strategic product? Must Volkswagen stay German? Others ...

This week we celebrate the first anniversary of the fall of Lehman Brothers. And I mean celebrate. Lehman was not providing financial services to ordinary people or businesses. In fact it was not ...

The contrast between Brecht’s whimsy and the catch phrase of The Apprentice, ‘You’re fired.’, illustrates why the skills of the successful business leader differ from those of the successful ...

Business historian Alfred Chandler documented the rise of the modern managerial corporation in his magisterial Strategy and Structure (1962).The book showcased General Motors, along with chemical ...

In what I say today, I wish to emphasise the goals of effective capital allocation and the promotion of financial stability. A further important objective of financial regulation w is the prevention ...

The nineteenth century displayed a recurrent pattern of boom and bust, but in the early part of the twentieth century, the amplitude of crises increased, culminating in the Wall Street crash and Great ...

What do the people who occupy the skyscrapers of the City of London and Canary Wharf actually do?’ To an extent that defies the imagination, they trade with each other. Lending to non-financial ...

I know that now, because I live in London and have, over a number of years, acquired a general knowledge of the city. This enables me to make judgments about when I need to use the tube map, and when ...