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Articles by John Kay

Gambling is a feature of capitalism—not a bug
John Kay / March 14, 2017
It has always been part of financial markets, from their origins in 17th-century coffee houses to the Great Crash of 2008
Read more...
Behavioural economics: did Kahneman and Tversky change the world?
John Kay / January 16, 2017
Not as much as Michael Lewis thinks
Read more...
The flaws in the case for Heathrow
John Kay / October 15, 2015
The Airports Commission model was flawed and risks steering the Prime Minister towards the wrong answer—and if Heathrow is picked, saddling customers with higher costs
Read more...
Why evolution is better than design
John Kay / October 15, 2015
Nature is smarter than people
Read more...
Is the City worth it?
John Kay / September 17, 2015
We should challenge claims about the value of the financial sector to Britain
Read more...
Review: Walter Lippmann by Craufurd D Goodwin
John Kay / December 11, 2014
Walter Lippmann: Public Economist by Craufurd D Goodwin (Harvard University Press, £25.95) Read more of our books in brief Walter Lippmann was one of the greatest American journalists,...
Read more...
Book review: The Reckoning by Jacob Soll
John Kay / April 24, 2014
If Prospect held a competition for the most improbable conjunction of author and quotation, my entry would pair Goethe with the observation that “the system of book-keeping by double entry is among...
Read more...
Scottish independence: Give me liberty or £500
John Kay / January 23, 2014
Scotland would prosper from independence if it became more self-confident and resisted complacent self-congratulation
Read more...
The Great Escape: Health, Wealth and the Origins of Inequality by Angus Deaton
John Kay / November 14, 2013
Large scale poverty is the result of political and organisational failures
Read more...
Two cheers for the market
John Kay / August 21, 2013
Market economies are unpredictable and chaotic—and that is why we should value them
Read more...
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