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 ...

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 ...

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 triumph of the market economy over planned economic organisation is perhaps the greatest economic story of our lifetime. There are broadly two elements to an account of why this happened: These ...

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 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 ...

The Great Escape is escape from ill-health and deprivation. The author exemplifies it through the story of his own family. Deaton’s father was brought up in a coal mining village and his first ...

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 ...

If Prospect held a competition for the most improbable conjunction of author and quotation, my entry would pair Goethe with the observation that ‘the system of book-keeping by double entry is among ...

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 ...