John Kay - Financial Times

John Kay has been writing a column on economics and business since 1995. He is currently a visiting professor at the London School of Economics. He also had a career in the policy world which established the Institute for Fiscal Studies as one of the most respected think tanks, and a business career.

John has published many books, including Foundations of Corporate Success (1993), The Truth About Markets (2003) and The Long and the Short of It: Finance and investment for normally intelligent people who are not in the industry (2009). His latest book, Obliquity: Why our goals are best achieved indirectly, was published by Profile Books in March 2010.

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The credibility the models describe is impossible in a democracy

Co-op illustrates blinkered approach by authorities

The presidency is a job designed for Charles de Gaulle and no one else has filled it with distinction

We need legislation to distinguish a pasty from a sandwich

Process looks for reasons to justify predetermined conclusions

Readers outside the UK must wonder whether the debate over Scottish independence is serious

We need more pluralism in corporate structures

The reality is not that we can’t pay, but that we won’t pay

Repair and minor public works are as important as new construction

Heretics had to die before science won out over assertion rooted in experience

Although corporations are central to our economy, we should remember that they exist to serve us, the author argues – not the other way around

We need to shift the emphasis away from grand projects

The tyranny of quarterly earnings is a barrier to good decision-making

There are lessons from Greece – ancient and modern

When it comes to remuneration, the power structure is the key, writes John Kay

Legal tender is a concept free of practical relevance

A currency union exists when people believe it does

IBM’s engineers changed the world but nearly destroyed the company

Our intuitions about scale and centralisation are generally wrong

Our economic system is no longer capitalism in its original form

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