Edward Hadas

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.

Surge pricing and the just economy

By Edward Hadas
October 15, 2014

By Edward Hadas

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

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.

Not all banks are alike

By Edward Hadas
July 30, 2014

By Edward Hadas

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

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.

Google, privacy and the common good

By Edward Hadas
July 9, 2014

The public has a right to know. Individuals have a right to privacy. The common good is served by both these contradictory statements, so someone has to decide how to balance them when they come into conflict. When it comes to internet search, the European Union’s Court of Justice has given the job to search engine providers such as Google. In a way, that’s a good call.

The stupidity of student debt

By Edward Hadas
July 2, 2014

By Edward Hadas

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

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.

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.

When credit is too much of a good thing

By Edward Hadas
April 9, 2014

What does credit do after it has finished the job it was designed for? The supply of credit ought to stop at funding productive activity. But the reality is different. Surplus credit fuels dangerous asset price inflation and funds profligate governments. As leverage increases, so too does the risk of crisis and recession.