Edward Hadas

Housing, the ultimate momentum trade

By Edward Hadas
June 25, 2014

What will happen next in the housing market? The question comes up all the time in many countries, for an obvious reason: house prices jump around too fast for the good of the economy.

Market failure can be sign of fatigue

By Edward Hadas
June 11, 2014

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

A corporate abdication of corruption

By Edward Hadas
June 4, 2014

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The problem with the Piketty problem

By Edward Hadas
May 28, 2014

If a man is suspected of murder, arson and speeding, any prosecutor who focuses only on the last charge risks ridicule. That imagined situation has some bearing on recent criticism of Thomas Piketty, the best-selling French anti-inequality economist. The accusations are largely restricted to ways in which he has exceeded the limits of his data.

Three Ms for economics re-education

By Edward Hadas
May 21, 2014

Many economics students are unhappy with what they are being taught. A network of 62 groups from around the world has drawn up a petition calling for more “pluralism” in instruction. The malcontents find the dominant neoclassical model too narrow and want to know why so few experts predicted the 2008 financial crisis. They also want less abstract theory and more study of actual economies. The reproaches are just, but the students’ reform agenda is insufficiently radical.

AstraZeneca is no one’s property

By Edward Hadas
May 13, 2014

Pfizer’s planned offer for AstraZeneca is a poor test case for almost any big question about big corporate acquisitions. The weaknesses of everyone involved in the potential deal only bring out the futility of the whole idea that big companies have owners.

Shhh – don’t talk about higher taxes

By Edward Hadas
May 7, 2014

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Apple’s many magic tricks

By Edward Hadas
April 30, 2014

Apple is in the news for borrowing $12 billion this week, even though it has $151 billion of cash on its balance sheet. The financial legerdemain will keep the technology giant’s tax bill down. It also is suitable for a company whose business model has long looked more like a magic act than a traditional corporate drama.

Inheritance can be less unequal

By Edward Hadas
April 23, 2014

The children of the poor tend to end up poor. The children of the elite seem pre-ordained to inherit a good part of their parents’ status and income. Is that just?

Don’t bother with share-based pay

By Edward Hadas
April 16, 2014

Coca-Cola’s plan to give generous awards of shares to executives has angered some of its shareholders. They have good reason to complain about the potential transfer of about 15 percent of the company to the top 1 percent of its staff. But Coke is only pushing the already bad idea of share-based pay to a foolish extreme.