Christian Sewing said companies have to adapt to the new environment rather than simply being propped up by governments. Photograph: AFP via Getty Images

Europe will create thousands of “zombie companies” and lose competitiveness against the US and other countries if it keeps extending state aid to shie(...)

Apple’s first iPhone at the launch in 2007: “Sixteen years ago, this would have been difficult to imagine, given that China was much poorer and the iPhone and phone apps had not been invented”

One Financial Times article that caught my eye this week concerned the success of Meituan Dianping, whose “Everything app” enables Chinese consumers t(...)

Tech insiders are said to be “disappointed” at Uber’s  valuation of  $65bn for a taxi firm with  few assets, that has no immediate prospect of making a profit, and burns through $2bn   of shareholders’ money a year.  Photograph: Getty Images

Last week Uber, the taxi-sharing app, floated on the New York stock exchange. As a result the company is now worth just over $65 billion. We are ente(...)

Britain’s prime minister Theresa May: If the UK crashes out, it will be a failure of politics not economics. Photograph: Adrian Dennis / AFP

At this time of the year, newspapers are packed with predictions about what is likely to happen to the economy in the next 12 months. Underpinning all(...)

Falling share prices: The capitalist world is in a constant state of innovative flux.   Photograph: Drew Angerer/Getty Images

The share prices of Facebook, Apple and Google have slumped. Apple’s is down almost 20 per cent in a few weeks, and the story for the other two isn’t (...)

Winning ways: Emmanuel Macron at his victory rally in Paris after being elected president, in May 2017. Photograph: Patrick Kovarik/AFP/Getty

President Emmanuel Macron likes to convince people. In manner and method, he is unlike his predecessors. Nicolas Sarkozy cajoled and bullied. François(...)

The rise of “Trumpism” would be a potential cause of geopolitical upheaval and conflict. Photograph: Reuters/Brian Snyder

There is a great deal of ruin in a nation. Thus did the wise Adam Smith rebuke a correspondent’s worry that ruin was bound to follow reversals in the (...)

The word ‘entrepreneur’ grew during the 1990s especially in the tech sector

Have we reached peak entrepreneur? Not entrepreneur in the sense of hugely successful people with business acumen and creativity and – oh, alright, I’(...)

Jean Tirole:  won the 2014 Nobel prize in economic science. Photograph: Toulouse School of Economics via The New York Times

The announcement last week that the Nobel prize for economics was going to Toulouse professor Jean Tirole led to a flurry of essays and articles discu(...)

General Motors Corp headquarters  in the background of a  Detroit street. Photograph: Paul Sancya/AP

When Detroit declared bankruptcy, or at least tried to – the legal situation has gotten complicated – I know that I wasn’t the only economist to have (...)