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 ...

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 ...

In reality, we – rationally – apply a variety of strategies to ‘cope’ with uncertainty. The pragmatic decision making we engage in uses probabilities, but more often tells stories: allows our feelings ...

The equity markets with which we are familiar came into being in the 19th century to finance railways and railroads. Railways and railroads were capital intensive projects, and the capital required ...

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 ...

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 ...

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 ...

John Kay and Mary Bonsu argue against the motion that ‘Paying everyone a basic income is a realistic/fairer way to tackle poverty’. The debate took place on October 5th 2017 at the Highgate Literary ...

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 ...

Can conventional economic theory be extended to understanding Christmas gifts? Maybe it can, but this would require a more subtle understanding of human behavour than the idea of rational economic man ...