Brexit and the power of wishful thinking

‘We are quite capable of clinging on to our beliefs by picking whatever facts support them’ So what happens now? As the aftershocks of the Brexit vote rumble on, people keep asking me to predict the future. I am not sure that is a useful exercise. But there’s a lot to...

Did economists fail us over Brexit?

‘Most economists think the British public shot itself in the foot, and did so against expert advice’ You may have heard the jokes about economists equivocating and squabbling. Ronald Reagan had the best one, about an edition of Trivial Pursuit designed for economists:...

We’re all winners or losers now

‘When we stop admiring how much the pie has grown, we start fighting each other for a larger slice’ When it became clear that the British really had voted to leave the EU, markets around the world dropped to the floor and began twitching. One couldn’t help but be...

How to fuel a rewarding culture

‘Money matters, but sometimes we find financial incentives to be insulting or grubby’ Here’s an age-old management conundrum: who should be rewarded for high performance, and how? As Diane Coyle, the economist and former adviser to the UK Treasury, recently observed...

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