Edward Hadas

The big question for asset managers

By Edward Hadas
March 12, 2015

The little question for asset managers is why they earn so much. Buyside pay could soon overtake that of the investment bankers, the traditional “masters of the universe.” But the bigger question is what the industry should do with the $150 trillion it manages.

Finance more worrying than politics

By Edward Hadas
January 22, 2015

Which is the bigger threat to the world’s peace and prosperity – geopolitical conflict or financial disarray? In a more violent world, it is easy to forget the significant danger posed by finance.

The virtues of job fidelity

By Edward Hadas
December 24, 2014

After a dozen job changes over 35 years, it is too late for me to become a loyal employee. But I know the model of the faithful worker. The dental assistant who used to tend to my teeth worked at the same small practice for about 35 years before retiring, with deep regret, two years ago. She stopped by regularly afterwards, because she wanted to stay in touch with the community that had defined so much of her life.

Lift the curse of shareholder value

By Edward Hadas
November 14, 2014

“Shareholder value maximisation” belongs in the trash heap of economic history. The fact that it is still popular needs some explanation.

Central bankers’ reward for failure

By Edward Hadas
August 28, 2014

Economic systems that work well do not have many heroes. The elevated status of the world’s central bankers – seen in the close attention paid to their annual get-together last weekend in Jackson Hole, Wyoming – is a sign that the financial system works badly.

Growth in a rich and crowded world

By Edward Hadas
July 23, 2014

Perky, productive robots, or nothing more than a few new smartphone apps? Cascading innovation, or just a few tweaks? Economists and technologists are debating what the future holds.

Can communist China drop Marxism?

By Edward Hadas
September 5, 2012

Speeches by Chinese Communist Party leaders are great opportunities to play “buzzword bingo”. Hu Jintao’s July 23 policy summary was replete with such phrases as “socialism with Chinese characteristics”, “Deng Xiaoping Theory” and “Scientific Outlook on Development”. But the sloganising is more than empty rhetoric. The speech, echoed elsewhere, shows the outgoing leader wants the CCP, and the country, to escape from might be called a Marxist trap.

Towards a better society in China

By Edward Hadas
April 11, 2012

As a slogan, the Three Represents was puzzling. It was in 2000 that Jiang Zemin decided that the once revolutionary Chinese Communist Party would represent the private sector, which he called “advanced productive forces”; along with its traditional constituencies of intellectuals (“advanced culture”) and workers (“the overwhelming majority of the people”).