Undercover Economist

My weekly column in the Financial Times on Saturdays, explaining the economic ideas around us every day. This column was inspired by my book and began in 2005.

What we keep getting wrong about inflation

What is inflation? The answer seems obvious: when things get more expensive, that’s inflation, and it’s bad. But an alternative view is Milton Friedman’s. In a talk in 1963, the hugely influential economist defined inflation as “a steady and sustained rise in prices”...

read more

How to really change someone’s mind

I’ve been thinking recently about three debates. In the first, which took place in January 2016, two Harvard students, Fanele Mashwama and Bo Seo, proposed that “the world’s poor would be justified in pursuing complete Marxist revolution”. In the second, in October of...

read more

Pin It on Pinterest