French economist Thomas Piketty has been nominated for the Financial Times’s 10th business book of the year. (Ed Alcock/The New York Times)

ANDREW HILL Two of this year’s most controversial books – Thomas Piketty’s Capital in the Twenty-First Century and Michael Lewis’s Flash Boys – will (...)

I admire the Bank for International Settlements. It takes courage to accuse its owners – the world’s main central banks – of incompetence. Yet this is(...)

US President Barack Obama with then treasury secretary Tim Geithner in the East Room of the White House in January 2013 . Photograph: AFP

By any normal standard, economic policy since the onset of the financial crisis has been a dismal failure. It’s true that we avoided a full replay of (...)