Economics

Exergy: the key to understanding this energy crisis (and those that will follow)
Exergy is the key concept for understanding the current energy crisis and the ones that will follow. However, the mainstream analysis does not account for …
Inflation: a simple concept with complex causes
In this essay, we will look at the complex underlying forces of inflation. The analysis focuses on Psychological factors and Non-Psychological factors (Monetary and Non-Monetary)…
Evergrande is only a small drop in an ocean of Chinese debt
Evergrande’s liquidity problems are a symptom of a much bigger issue that China is facing: how to deal with its high level of debt without …
Falling productivity & Labour Alienation
A short blog offering an alternative view of why labour productivity has been declining – it argues that the alienation of labour from its work …
I lost £10,000. Here is what I did wrong.
Because I did not diversify my investments well, I lost £10,000. While the sum may not seem that much, it represented about 50% of my …
10 Free Blogs, Newsletters and Podcasts for Investors
Ten of the best free blogs, newsletters and podcasts for investors that can help with research of current and future opportunities.
How to value a busines: beyond formulas
How do you figure out what a business may be worth in order to deduce if the price is the right one? In answering this …
Rethinking investment return
The notion of investment return, quantifiable and financial, is in dire need for reform. It has become too rigid…
Money: the real economy and the financial economy
Money is the nervous system of the world’s socio-economic order. But there are money for the real economy and then money for the financial economy. …
On trust, money and the individual
"Trust is a fundamental element of social capital – a key contributor to sustaining well-being outcomes, including economic development."
Economic growth is not economic development
In this essay, I explore the differences between economic growth and economic development. Focusing on development rather than growth is better over the long-term.
The limits of monetary policy
The key forces that will put a limit on just how accomodative monetary policy can go (and for how long) are a) inflation and b) …
The key to reviving productivity, part II
In part I, we looked at the role of innovation in driving economic productivity. This essay is a continuation of that discussion. It assesses the …
The key to reviving productivity, part I
Productivity is the most important long-term driver of economic prosperity. However, for the past several decades, it has been declining across the world…
Energy, Productivity and Debt
“The determinants of economic health are timeless and universal” – Ray Dalio, How the Economic Machine Works
The Wealth Illusion
Decades of unproductive monetary [and fiscal] policies have encouraged tremendous misallocation of capital, as evidenced by an estimated underinvestment gap of c.$400trn in the past …