Edward Hadas

Central banks play with monetary absurdity

September 23, 2016

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

The world would be better off without debt

October 22, 2015

A time traveller from 300 years ago would be awed by new technologies and social changes. But the disoriented extra-temporal visitor would find some aspects of finance very familiar. Many of today’s monetary arrangements are historical relics. Take, for example, debt.

Nikkei joins demographic denial cult

July 29, 2015

Why did Nikkei buy the Financial Times? As my colleague Rob Cox points out, the best explanation is demographic. Thanks to minimal immigration and a small number of children, the population of the Japanese group’s home market is shrinking by about 30 percent each generation. Many companies that want to grow – as shareholders and managers generally expect big firms to do – have to look abroad for expansion.

Central banks can save the world

June 10, 2015

Central banks made a hash of things in the 2000s. But their failures – the credit bubble and the 2007 financial crash – have too many precedents.

The uses and abuses of GDP

May 20, 2015

Gross Domestic Product can be a good tool to help central bankers, corporate leaders and investors. But it should be kept in its proper place.

The big question for asset managers

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

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

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

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

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.