Taxi drivers stand next to their cabs lined up at Castellane Square during a protest against private hire services in Marseille, southern France, on January 28, 2016. Taxi drivers are angry at competition from taxi app company Uber. Photograph: Christine Poujoulat/AFP/Getty Images

Imagine,” said the London cabbie, “that Uber had been operating for 20 years. And I came along with my black cab. My product was less comfortable, you(...)

Seven years after the onset of the financial crisis, John Kay recalls the events and offers an analysis of their precipitation. He proposes remedies t(...)

Traders in the Chicago Board of Options Exchange: John Kay’s latest book suggests the financial system has become too large. Photograph: EPA/TANNEN MAURY

Reviewing a business book every week for the Innovation pages of this newspaper involves regular exchanges with my long-suffering postman. The number (...)

Irish Times journalist Mark Hilliard: won technology reporter of the year award at the UCD Smurfit School Business Journalist Awards 2015

Irish Times journalist Mark Hilliard has been named technology reporter of the year at the Business journalism awards. He won for a feature(...)

John Maynard Keynes is often quoted as saying: “When the facts change, I change my mind. What do you do, sir?” Photograph:  Picture Post/Getty Images

When I was much younger and editing an economics journal, I published an article by a distinguished professor – more distinguished, perhaps, for his p(...)

A man at a solidarity rally in Lisbon holds a placard in the Greek flag’s colours. It reads “I love you Greece for your courage against imperialism”. Photograph: Jose Sena Goulao/EPA

A few years ago, I heard an after-dinner speech from a European statesman, a person who has played a leading role not only in the political life of hi(...)

A pick-up in consumer spending has been forecast consistently for more than a year but has yet to appear.

Some time ago, economist and columnist John Kay examined the record of 34 British forecasters over a seven-year period. His analysis revealed two thin(...)

No one buys a lottery ticket to trade it. You cannot sensibly value an asset at £2, or £1.20, when you are certain that on Sunday its value will be quite different. Photograph: Getty

You have spent £2 or €3 on a lottery ticket. On Saturday evening you may be a millionaire. Or, more likely, not. But in the meantime, the auditors arr(...)

“There is at once too little and too much competition in personal current account banking in Britain.” Photograph: Matthew Lloyd/Bloomberg

The UK’s Competition and Markets Authority has chosen personal current account backing as one of its first subjects of major inquiry. Well, not(...)

Money is differentiated from other commodities in one important way: the government can print it, whereas it cannot produce food or fuel or generate electricity.

The need for liquidity is a mantra among those who organise and regulate the financial system. To say that a proposal will damage liquidity more or le(...)