Irish high net-worth individuals were also found to be keen on staying in Ireland with just 16 per cent of them planning to move to a different country in the next five years

The age-old claim that “the poor will always be with us” is under threat from economic development. According to the World Bank, the number of people (...)

British prime minister David Cameron delivers a speech in Aberdeen yesterday: “On Friday, people could be living in a different country, with a different place in the world and a different future ahead of it.” Photograph: Reuters/Dylan Martinez 1:51

British prime minister David Cameron has issued a visibly emotional plea to Scots not to vote Yes in Thursday’s independence referendum, saying that(...)

The production line at the Scania AB factory in Sodertalje, Sweden. Photographer: Erik Abel/Bloomberg

Limited-liability, privately owned joint-stock companies are the core institutions of modern capitalism. These entities are largely responsible for or(...)

Portrait of Francis Hutcheson by Allan Ramsay at Hunterian Museum and Art Gallery in Glasgow

It’s just like a philosopher to be born and to die on the same date. Such was the fate of Co Down man Francis Hutcheson (August 8th, 1694, to Augus(...)

Illustration: Thinkstock

One of today’s most Orwellian inventions is surely the selfie tripod. Where once holiday-makers used to have to stop passers-by and ask for assista(...)

A former city of London economist and now economic adviser to the city’s mayor, Gerard Lyons takes a positive view of the prospects for the world econ(...)

Wealth of nations:  at the 2005 Russian Millionaire Fair  in Moscow. Photograph: Denis Sinyakov/AFP/Getty Images)

We all recall Ernest Hemingway’s retort to F Scott FitzGerald’s observation that the very rich “are different from you and me”. “Yes. They have more m(...)

Building a smart society is an internal process, but it is subject to the vagaries of events worldwide. Photograph: Getty Images

Any effort to reframe our society is necessarily an internal process of self-improvement. But as a small, peripheral island nation in a rapidly global(...)

In October 2011 David Cameron, the British prime minister, was forced to withdraw a comment he made in his speech at the Conservative Party conference(...)

Breaking point: after a financial crisis, a huge excess of desired private savings is likely to emerge, even when rates are very close to zero. In that situation, immediate fiscal austerity will be counterproductive. It will drive the economy into deep recession.

In 1816, the net public debt of the UK reached 240 per cent of gross domestic product. This was the fiscal legacy of 125 years of war against F(...)