There’s an emphasis on radical uncertainty in Mervyn King’s new book “The End of Alchemy”. Photograph: Simon Dawson/Bloomberg

The excellent new book by Mervyn King, former governor of the Bank of England, is inevitably noticed mainly for its views on banking regulation and t(...)

Can the world escape from the chronic demand weakness? Absolutely, yes. Will it? That demands greater boldness. When one has exhausted the just about possible, what remains, however improbable, must be the answer.

The world economy is slowing, both structurally and cyclically. How might policy respond? With desperate improvisations, no doubt. Negative interest r(...)

Free-market language, ideas and goods are nothing new. But increasingly they are shaping our publicly funded education institutions. Photograph: Getty Images

What do universities and restaurants have in common? Quite a lot, it appears, if you happen to endorse free-market values of education. Consider th(...)

Green Griants: by E Freya Williams. Price: €29.99

Sustainability has come a long way in a decade. Once seen as a negative thing, sustainability is increasingly being recognised as a source of advantag(...)

Lucinda Creighton, leader of Renua Ireland,  during the party’s first think-in in Dublin. Photograph: Brenda Fitzsimons/The Irish Times

When you have to endure them every September, you realise the term “political party think-in” does violence to the English language. Once upon a time(...)

 Lucinda Creighton and Declan Ganley at a Renua Ireland think-in in Wood Quay, Dublin. Photograph: Dara Mac Dónaill/The Irish Times

Renua Ireland is working on a radical new policy that would see the introduction of a flat tax on all income, with bands and most allowances being scr(...)

Foreign currency exchange booth in Hong Kong:  the surprise devaluation of the Chinese yuan this week unsettled global financial markets. Photograph: Philippe Lopez/AFP/Getty Images

The last few weeks, with heavy Chinese government intervention in the stock market and now in the currency markets, have offered a lesson in how th(...)

NYSE trader: an emphasis on share prices and on meeting quarterly earnings expectations has led to destructive short-term behaviour by some chief executives. Photograph: EPA/Justin Lane

The idea that a company’s primary purpose is to enrich its shareholders is the “dumbest idea in the world”, according to high-profile GMO strategist J(...)

You don’t need a critic to tell you that Frederick Wiseman’s four-hour study of how the 2010 budget crisis impacted upon the University of California (...)

Libertarian author and philosopher Ayn Rand in Manhattan in 1957. Photograph: New York Times/Getty Images

In the latest New York Times magazine Robert Draper profiled youngish libertarians – roughly speaking, people who combine free-market economics wit(...)