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(...)