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 ...

Howard Davies, chair of the five-person Commission, concluded emphatically in his report published on July 1st that the right solution was to expand Heathrow. He overstates that case. The Commission ...

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 ...

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 ...

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 ...

In this remarkable and intensely readable book, Jesse Norman dispels ‘five myths’ about Adam Smith. Norman is a Conservative MP, and the very existence of the book, which draws on his background as a ...

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 ...