Martin Wolf’s The Shifts and the Shocks

I reviewed Martin Wolf’s new book, The Shifts and the Shocks, in the latest New Statesman.  You can read my review here.

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Secular stagnation: what is it?

What is behind the prolonged economic slump in the Eurozone?  Economists tell us it’s because of something called “secular stagnation”.  But as I explain in my latest Real Money column in the New Statesman, that’s just another way of saying we don’t know the answer…

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Flash Boys and the Law of Unintended Consequences

Michael Lewis’s new book Flash Boys is quite rightly generating a lot of attention because it argues that High Frequency Trading is a scam.

I think that Lewis’s story holds an even more important lesson, however, concerning one of the seminal problems of our age: the unintended consequences of technological innovation.

You can read why in my latest Real Money column in the New Statesman.

You can find an archive of my Real Money columns here.

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New York Times review of Money: The Unauthorized Biography

Heidi N. Moore reviewed my new book Money: The Unauthorized Biography in the New York Times Sunday Book Review of April 13, 2014.

You can read the review here.

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Wired opinion piece: Bitcoin and the Meaning of Money

Sovereign governments everywhere are petrified. An ingenious new invention that allows people to make payments across borders without leaving a trace in the official monetary system is spreading like wildfire. Its workings are so clever that few understand them. It’s backed by some of the leading entrepreneurs of the day. The embattled establishment is warning that the state’s right to regulate finance is being undermined.

Bitcoin, 2014?

Indeed.  But as it happens, this was also precisely the playbook for the birth of modern banking in sixteenth century Europe.

You can read here what I think this Old World precedent has to teach us about the prospects for bitcoin in an opinion piece I published in Wired on March 31, 2014.

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Money: The Unauthorized Biography

My new book Money: The Unauthorized Biography will be published in the US (by Alfred A. Knopf) and Canada (by Doubleday) on March 4, 2014 (it was published in the UK by The Bodley Head in June, 2013).

The book argues that the conventional understanding of money is wrong; explains that this is a big problem because it presents a major obstacle to formulating the policies that can extricate us from the global debt crisis; and offers an explanation of what money really is – with radical implications for economics, finance, and the future of capitalism.

If you’d like to know a bit more, you can watch me giving a talk based on the book here.  If you prefer something shorter, you can watch an interview about the book that I did with Andrew Hill of the Financial Times here.

For further background, there is the June 1, 2013 episode of BBC Radio 4’s Saturday Review, on which Money: The Unauthorized Biography was featured.   The programme is available here, and the part on Money begins at about 27:50.  You can also listen to interviews with me on Sean Moncrieff’s Moncrieff programme on Ireland’s Newstalk radio here (starting at about 6:24), or Monocle radio’s Midori House here (starting at about 22:00).

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A forgotten Scotsman’s 300-year-old-solution to Alex Salmond’s money problems

What have a forgotten Scots genius and the partisans of Bitcoin got to teach Alex Salmond?

Find out in my Real Money column in the New Statesman.

You can find an archive of my Real Money columns here.

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