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John kay london business school

john kay london business school

John Anderson Kay (born 1948) is a British economist. He is a visiting Professor of Economics at the London School of Economics and has been a fellow of St John's College, Oxford, since 1970.

His interests focus on the relationships between economics and business. His career has spanned academic work and think tanks, business schools, company directorships, consultancies and investment companies.

Born in Edinburgh, Kay was educated at the Royal High School, Edinburgh University, and Nuffield College, Oxford. He lectured in economics at Oxford from 1971 to 1978.

In 1979, Kay became Research Director and the Director of the independent think tank, the Institute for Fiscal Studies. In 1986 he became a professor at the London Business School and founded London Economics, a consultancy firm. He was the first director of Oxford's Said Business School from 1997 to 1999, and has written at some length as to why he chose to resign after only two years. He has served as a director of Halifax plc and of several investment companies.

Kay (2003), addressed to non-economists, attempts to answer what Robert Lucas has called the most exciting economic question: across the globe, why are so few rich and so many poor?

He is a regular editorial contributor to the Financial Times, where he has also had a weekly column since 1995. He sits on the European Advisory Board of Princeton University Press.

In 2012 he presented a substantial report to the British government on reform of the equity market, which suggested that the stockmarket exists to provide companies with equity capital and to give savers a stake in economic growth. Over time that simple truth has been forgotten. Kay suggested a series of reforms which he hoped would correct some problems with stock markets; some critics suggested his analysis of the problem was better than his proposed solution.

Kay was appointed Commander of the Order of the British Empire (CBE) in the 2014 New Year Honours for services to economics.

Kay was once a member of a Scottish government advisory board called the First Minister's Council of Economic Advisers under the tenure in office of Alex Salmond. Five months before the Scottish independence referendum, 2014, Kay said it was a "mistake" for voters to think claims of an independent Scotland being one of the world's wealthiest nations would mean more cash in their pockets. Kay warned that using GDP as a measure fails to reveal how much money bypasses locals by going straight to foreign companies and drew comparisons with Ireland, which appeared "better off" than it actually was before economic meltdown.

John Kay chaired the Review of UK Equity Markets and Long-Term Decision-Making which reported to the Secretary of State for Business, Innovation and Skills on the 23rd July 2012. He is a Fellow of the British Academy, a Fellow of the Royal Society of Edinburgh. He is a director of several public companies and contributes a weekly column to the Financial Times. He is the author of many books, including The Truth about Markets (2003) and The Long and the Short of It: finance and investment for normally intelligent people who are not in the industry (2009) and his latest book, Obliquity was published by Profile Books in March 2010. Some of his most influential, recent work has been on banking regulation, and you can read about his vision for the sector in his 2009 essay, Narrow Banking.

Books

Some of Kay's many columns on economics and business topics, published in the Financial Times, are reprinted in his:

– The Hare & the Tortoise (2006)

– Everlasting Light Bulbs (2004)

– The Business of Economics (1996)

Other books include:

– Obliquity: How our goals are best pursued indirectly (2010)

– The long and the Short of it: Finance and investment for normally intelligent people who are not in the industry (2009)

– The Truth About Markets (2003). Published in the USA in 2004 as Culture and Prosperity: Why some nations are rich but most remain poor. HarperCollins.

– Why Firms Succeed (1995), is a slightly revised, shortened version of Foundations of Corporate Success, written for the American market.

– Foundations of Corporate Success (1993)

– The British Tax System, (1979, and four subsequent editions), with Mervyn King.

References

http://en.wikipedia.org/wiki/John_Kay_(economist)

http://www.johnkay.com/

john kay london business school

john kay london business school John Kay (economist) - Wikipedia

John Kay has been writing a column on economics and business since 1995. He is currently a visiting professor at the London School of Economics. He also had a career in the policy world which established the Institute for Fiscal Studies as one of the most respected think tanks, and a business career.

Over time that simple truth has been forgotten. Kay suggested a series of reforms which he hoped would correct some problems with stock markets; some critics suggested his analysis of the problem was better than his proposed solution.

Kay was appointed Commander of the Order of the British Empire (CBE) in the 2014 New Year Honours for services to economics.

Kay was once a member of a Scottish government advisory board called the First Minister's Council of Economic Advisers under the tenure in office of Alex Salmond. Five months before the Scottish independence referendum, 2014, Kay said it was a "mistake" for voters to think claims of an independent Scotland being one of the world's wealthiest nations would mean more cash in their pockets. Kay warned that using GDP as a measure fails to reveal how much money bypasses locals by going straight to foreign companies and drew comparisons with Ireland, which appeared "better off" than it actually was before economic meltdown.

John Kay chaired the Review of UK Equity Markets and Long-Term Decision-Making which reported to the Secretary of State for Business, Innovation and Skills on the 23rd July 2012.

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