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 ...

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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 triumph of the market system over the planned economy was probably the defining economic event of our lifetime, its symbol the collapse of the Berlin Wall in 1989. In the advanced economies of the ...

The fall of the Berlin Wall in November 1989 was the defining economic event of our lifetime. It marked the end of the most extensive controlled experiment in the history of social sciences – the ...

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 ...

The search for insight into the rise of Donald Trump has propelled this elegantly written account of a Yale law school graduate’s Appalachian upbringing into the US best seller list. Vance describes a ...

Modern banks – and most other financial institutions – trade in securities, and the growth of such trade is the main explanation of the growth of the finance sector. Lending to firms and individuals ...

Every twenty years or so since the Industrial Revolution, a group of new technologies has had a major impact on economic life. Steam power, canals, railroads, telegraph and telephone, electricity, ...

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 ...

Sir John Kay is an economist whose career has spanned the academic world, business and finance, and public affairs. He has held chairs at the London Business School, the University of Oxford and the ...