corpus.blog
41554 blogs · [ { "id": "01a087e2-9638-7011-b8f2-f6b9f24dccf7", "title": "AI – Putty-Putty or Hard-Baked Clay?", "url": "https://smithers.co.uk/ai-putty-putty-or-hard-baked-clay/", "published_at": "2026-05-02T19:33:43+00:00" }, { "id": "01a087e2-9638-7011-b8f2-f6b9f2eb8c78", "title": "Coming to Terms with Fiscal  and Trade Deficits", "url": "https://smithers.co.uk/coming-to-terms-with-fiscal-and-trade-deficits/", "published_at": "2025-10-25T10:57:20+00:00" }, { "id": "01a087e2-9638-7011-b8f2-f6b9f319424b", "title": "Tangible and Intangible Capital", "url": "https://smithers.co.uk/tangible-and-intangible-capital/", "published_at": "2025-07-03T09:33:55+00:00" }, { "id": "01a087e2-9638-7011-b8f2-f6b9f33f68e3", "title": "How Share Prices Fluctuate", "url": "https://smithers.co.uk/how-share-prices-fluctuate/", "published_at": "2025-01-02T11:12:06+00:00" }, { "id": "01a087e2-9638-7011-b8f2-f6b9f3d8afe1", "title": "Box X: Pensions, Savings and Investment ", "url": "https://smithers.co.uk/box-x-pensions-savings-and-investment/", "published_at": "2024-11-06T12:21:19+00:00" }, { "id": "01a0d0bf-8531-72ca-a6aa-c9143913b7e4", "title": "Risks facing central banks: action and inaction", "url": "https://smithers.co.uk/risks-facing-central-banks-action-and-inaction/", "published_at": "2024-05-28T10:20:21+00:00" }, { "id": "01a0d0bf-8531-72ca-a6aa-c9143917b618", "title": "Interesting Times", "url": "https://smithers.co.uk/interesting-times/", "published_at": "2024-04-14T10:52:54+00:00" }, { "id": "01a0d0bf-8531-72ca-a6aa-c91439696701", "title": "How Economic Theory Went Wrong", "url": "https://smithers.co.uk/how-economic-theory-went-wrong/", "published_at": "2024-03-01T12:32:52+00:00" }, { "id": "01a0d0bf-8531-72ca-a6aa-c9143a3f9ac1", "title": "Improving Economic Policy", "url": "https://smithers.co.uk/improving-economic-policy/", "published_at": "2023-07-03T19:07:05+00:00" }, { "id": "01a0d0bf-8531-72ca-a6aa-c9143ae8c284", "title": "Economic Management in a multiple Equilibria Economy PIDE Webinar", "url": "https://smithers.co.uk/economic-management-in-a-multiple-equilibria-economy-pide-webinar/", "published_at": "2023-06-27T18:39:50+00:00" }, { "id": "01a0d0c0-2fb8-71ce-80c7-25e3fcd1d7a2", "title": "Extending the liabilities’ time horizon is key to pensions reform", "url": "https://smithers.co.uk/extending-the-liabilities-time-horizon-is-key-to-pensions-reform/", "published_at": "2023-06-14T18:46:58+00:00" }, { "id": "01a0d0c0-2fb8-71ce-80c7-25e3fd4afccc", "title": "Zombie Companies, Low Investment and Low Interest Rates", "url": "https://smithers.co.uk/zombie-companies-low-investment-and-low-interest-rates/", "published_at": "2023-01-20T09:36:43+00:00" }, { "id": "01a0d0c0-2fb8-71ce-80c7-25e3fdc2165d", "title": "Podcast: The Road to Economic Stability ft. Andrew Smithers", "url": "https://smithers.co.uk/il05-the-road-to-economic-stability-ft-andrew-smithers/", "published_at": "2022-07-27T00:00:00+00:00" }, { "id": "01a0d0c0-2fb8-71ce-80c7-25e3fe18e5c1", "title": "The Stock Market Model: A New Foundation for Economic and Monetary Policy.", "url": "https://smithers.co.uk/the-stock-market-model-a-new-foundation-for-economic-and-monetary-policy/", "published_at": "2022-06-01T00:00:00+00:00" }, { "id": "01a0d0c0-2fb8-71ce-80c7-25e3fee70824", "title": "An economist’s warning for stock market investors", "url": "https://smithers.co.uk/an-economists-warning-for-stock-market-investors/", "published_at": "2022-04-14T00:00:04+00:00" }, { "id": "01a0d0c0-6752-7284-a6e0-3514b82e5987", "title": "What you thought you knew about interest rates and the market is wrong", "url": "https://smithers.co.uk/what-you-thought-you-knew-about-interest-rates-and-the-market-is-wrong/", "published_at": "2022-03-30T00:00:00+00:00" }, { "id": "01a0d0c0-6752-7284-a6e0-3514b8788ef0", "title": "Book review: The Economics of the Stock Market", "url": "https://smithers.co.uk/book-review-the-economics-of-the-stock-market/", "published_at": "2022-03-28T00:00:49+00:00" }, { "id": "01a0d0c0-6752-7284-a6e0-3514b879e47d", "title": "US – The High Risk of Another Financial Crisis.", "url": "https://smithers.co.uk/us-the-high-risk-of-another-financial-crisis/", "published_at": "2022-01-05T00:00:00+00:00" }, { "id": "01a0d0c0-6752-7284-a6e0-3514b92302aa", "title": "Letter: UK Universities should postpone pensions strike", "url": "https://smithers.co.uk/letter-uk-universities-should-postpone-pensions-strike/", "published_at": "2021-11-18T00:00:00+00:00" }, { "id": "01a0d0c0-6752-7284-a6e0-3514b95cc0bd", "title": "Not Cyclical but Secular.", "url": "https://smithers.co.uk/not-cyclical-but-secular/", "published_at": "2021-10-01T00:00:00+00:00" }, { "id": "01a0d0c0-9d05-7183-97b2-933222ceeb16", "title": "Japan: Investment and Growth", "url": "https://smithers.co.uk/japan-investment-and-growth/", "published_at": "2021-09-01T00:00:00+00:00" }, { "id": "01a0d0c0-9d05-7183-97b2-9332235dff5c", "title": "Letter: Equity Risk is not in step with ‘random walk’ theory", "url": "https://smithers.co.uk/letter-equity-risk-is-not-in-step-with-random-walk-theory/", "published_at": "2021-07-19T00:00:00+00:00" }, { "id": "01a0d0c0-9d05-7183-97b2-933223a52b2b", "title": "Corporation Tax", "url": "https://smithers.co.uk/corporation-tax-3/", "published_at": "2021-07-01T00:00:00+00:00" }, { "id": "01a0d0c0-9d05-7183-97b2-933224053457", "title": "Paul Krugman on Corporation Tax, Right first time – Wrong this time.", "url": "https://smithers.co.uk/paul-krugman-on-corporation-tax-right-first-time-wrong-this-time/", "published_at": "2021-04-30T00:00:00+00:00" }, { "id": "01a0d0c0-9d05-7183-97b2-9332247ac3ff", "title": "Corporation Tax", "url": "https://smithers.co.uk/corporation-tax-2/", "published_at": "2021-04-22T00:00:00+00:00" }, { "id": "01a0d0c0-e62f-7177-b3ea-7dbf0abd6ed7", "title": "The Hill Review – and London’s prospects as a global centre for capital-raising", "url": "https://smithers.co.uk/the-hill-review-and-londons-prospects-as-a-global-centre-for-capital-raising/", "published_at": "2021-03-25T00:00:00+00:00" }, { "id": "01a0d0c0-e62f-7177-b3ea-7dbf0b0747eb", "title": "Letter: Britain’s bonus culture is bad for productivity", "url": "https://smithers.co.uk/letter-britains-bonus-culture-is-bad-for-productivity/", "published_at": "2021-03-02T00:00:00+00:00" }, { "id": "01a0d0c0-e62f-7177-b3ea-7dbf0be55e8e", "title": "Short-termism: The False Debate.", "url": "https://smithers.co.uk/short-termism-the-false-debate/", "published_at": "2021-02-01T00:00:00+00:00" }, { "id": "01a0d0c0-e62f-7177-b3ea-7dbf0c26780b", "title": "Savings Glut or Investment Dearth: Rethinking Monetary Policy", "url": "https://smithers.co.uk/savings-glut-or-investment-dearth-rethinking-monetary-policy/", "published_at": "2020-12-01T00:00:00+00:00" }, { "id": "01a0d0c0-e62f-7177-b3ea-7dbf0d262153", "title": "Bonus Culture’ holds back public investment", "url": "https://smithers.co.uk/bonus-culture-holds-back-public-investment/", "published_at": "2020-10-23T00:00:00+00:00" }, { "id": "01a0d0c1-1dc2-704d-a82e-fbb74436a1b1", "title": "The Impact of the Bonus Culture on the UK Economy", "url": "https://smithers.co.uk/the-impact-of-the-bonus-culture-on-the-uk-economy/", "published_at": "2020-10-01T00:00:00+00:00" }, { "id": "01a0d0c1-1dc2-704d-a82e-fbb744f7bd4d", "title": "Investment and Unemployment", "url": "https://smithers.co.uk/investment-and-unemployment/", "published_at": "2020-07-27T00:00:00+00:00" }, { "id": "01a0d0c1-1dc2-704d-a82e-fbb7453d1fbe", "title": "Zombies & Creative Destruction", "url": "https://smithers.co.uk/zombies-creative-destruction/", "published_at": "2020-07-13T00:00:00+00:00" }, { "id": "01a0d0c1-1dc2-704d-a82e-fbb7462de045", "title": "A Schumpeterian view of zombie companies", "url": "https://smithers.co.uk/a-schumpeterian-view-of-zombie-companies/", "published_at": "2020-06-29T00:00:00+00:00" }, { "id": "01a0d0c1-1dc2-704d-a82e-fbb74679445a", "title": "The Economics of Covid-19", "url": "https://smithers.co.uk/the-economics-of-covid-19/", "published_at": "2020-05-26T00:00:00+00:00" }, { "id": "01a0d0c1-5c23-7387-9e07-25936739baf9", "title": "Investment, Productivity, and the Bonus Culture", "url": "https://smithers.co.uk/investment-productivity-and-the-bonus-culture/", "published_at": "2020-05-21T00:00:00+00:00" }, { "id": "01a0d0c1-5c23-7387-9e07-25936832606a", "title": "The Debate Over the Depreciation of Intangible Capital", "url": "https://smithers.co.uk/the-debate-over-the-depreciation-of-intangible-capital/", "published_at": "2020-04-01T00:00:00+00:00" }, { "id": "01a0d0c1-5c23-7387-9e07-25936877e3d1", "title": "Pandemic response should liberate flawed investment policy", "url": "https://smithers.co.uk/pandemic-response-should-liberate-flawed-investment-policy/", "published_at": "2020-03-17T00:00:00+00:00" }, { "id": "01a0d0c1-5c23-7387-9e07-259368e637b3", "title": "Corporation Tax", "url": "https://smithers.co.uk/corporation-tax/", "published_at": "2019-11-12T00:00:00+00:00" }, { "id": "01a0d0c1-5c23-7387-9e07-259369c29e9d", "title": "Japan does not have an investment problem", "url": "https://smithers.co.uk/japan-does-not-have-an-investment-problem/", "published_at": "2019-09-16T00:00:00+00:00" }, { "id": "01a0d0c1-8e52-72b9-8351-b697468d7604", "title": "The NTV Model for Total Factor Productivity", "url": "https://smithers.co.uk/the-ntv-model-for-total-factor-productivity/", "published_at": "2019-07-01T00:00:00+00:00" }, { "id": "01a0d0c1-8e52-72b9-8351-b69746d4f113", "title": "A Critical Review of Thomas Piketty’s Capitalism in the 21st Century.", "url": "https://smithers.co.uk/a-critical-review-of-thomas-pikettys-capitalism-in-the-21st-century/", "published_at": "2018-10-23T00:00:00+00:00" }, { "id": "01a0d0c1-8e52-72b9-8351-b6974717d07f", "title": "Andrew Smithers’ comments on the report by the Institute for Public Policy Research on “Economic Justice”", "url": "https://smithers.co.uk/andrew-smithers-comments-on-the-report-by-the-institute-for-public-policy-research-on-economic-justice/", "published_at": "2018-10-04T00:00:00+00:00" }, { "id": "01a0d0c1-8e52-72b9-8351-b69747e53a58", "title": "The Problem of Economic Incompetence.", "url": "https://smithers.co.uk/the-problem-of-economic-incompetence/", "published_at": "2017-10-31T00:00:00+00:00" }, { "id": "01a0d0c1-8e52-72b9-8351-b6974869f649", "title": "Privatisation of utilities has benefited everyone", "url": "https://smithers.co.uk/privatisation-of-utilities-has-benefited-everyone/", "published_at": "2017-09-28T00:00:00+00:00" }, { "id": "01a0d0c1-c026-72a6-88af-9bbfd2e69fff", "title": "Inflation and Expectations", "url": "https://smithers.co.uk/inflation-and-expectations/", "published_at": "2017-09-01T00:00:00+00:00" }, { "id": "01a0d0c1-c026-72a6-88af-9bbfd3c52b39", "title": "Crisis and subsequent weak growth had different causes", "url": "https://smithers.co.uk/crisis-and-subsequent-weak-growth-had-different-causes/", "published_at": "2017-08-17T00:00:00+00:00" }, { "id": "01a0d0c1-c026-72a6-88af-9bbfd44324c8", "title": "Building a New Testable Model to Estimate Total Factor Productivity.", "url": "https://smithers.co.uk/building-a-new-testable-model-to-estimate-total-factor-productivity/", "published_at": "2017-07-20T00:00:00+00:00" }, { "id": "01a0d0c1-c026-72a6-88af-9bbfd4b4aacc", "title": "Paper for the Industrial Strategy Commission.", "url": "https://smithers.co.uk/paper-for-the-industrial-strategy-commission/", "published_at": "2017-02-27T00:00:00+00:00" }, { "id": "01a0d0c1-c026-72a6-88af-9bbfd4e48f22", "title": "Corporate Governance Reform", "url": "https://smithers.co.uk/corporate-governance-reform/", "published_at": "2016-12-06T00:00:00+00:00" }, { "id": "01a0d0c1-ee72-70fc-89fd-466bb3e16dba", "title": "US Economic Policy", "url": "https://smithers.co.uk/us-economic-policy/", "published_at": "2016-11-19T00:00:00+00:00" }, { "id": "01a0d0c1-ee72-70fc-89fd-466bb46ba73a", "title": "Why equity returns do not take investors on a ‘random walk’", "url": "https://smithers.co.uk/why-equity-returns-do-not-take-investors-on-a-random-walk/", "published_at": "2016-11-14T00:00:00+00:00" }, { "id": "01a0d0c1-ee72-70fc-89fd-466bb49671d2", "title": "Demand solution won’t suit a supply problem", "url": "https://smithers.co.uk/demand-solution-wont-suit-a-supply-problem/", "published_at": "2016-08-15T00:00:00+00:00" }, { "id": "01a0d0c1-ee72-70fc-89fd-466bb4ce6a13", "title": "Answer to productivity “puzzle” is low investment", "url": "https://smithers.co.uk/answer-to-productivity-puzzle-is-low-investment/", "published_at": "2016-06-07T00:00:00+00:00" }, { "id": "01a0d0c1-ee72-70fc-89fd-466bb4fd0c1f", "title": "How Managerial Incentives Affect Economic Performance", "url": "https://smithers.co.uk/how-managerial-incentives-affect-economic-performance/", "published_at": "2016-04-20T00:00:00+00:00" }, { "id": "01a0d0c2-13d5-70cd-b74d-930a154eab53", "title": "Executive pay holds the key to the productivity puzzle", "url": "https://smithers.co.uk/executive-pay-holds-the-key-to-the-productivity-puzzle/", "published_at": "2015-05-28T00:00:00+00:00" }, { "id": "01a0d0c2-13d5-70cd-b74d-930a15580860", "title": "Action This Day", "url": "https://smithers.co.uk/action-this-day/", "published_at": "2015-04-01T00:00:00+00:00" }, { "id": "01a0d0c2-13d5-70cd-b74d-930a15e9f4f6", "title": "Racing away? Correcting the damage done to wage growth by perverse management incentives", "url": "https://smithers.co.uk/racing-away-correcting-the-damage-done-to-wage-growth-by-perverse-management-incentives/", "published_at": "2015-03-27T00:00:00+00:00" }, { "id": "01a0d0c2-13d5-70cd-b74d-930a164b2e42", "title": "Getting the economy going", "url": "https://smithers.co.uk/getting-the-economy-going/", "published_at": "2014-09-01T00:00:00+00:00" }, { "id": "01a0d0c2-13d5-70cd-b74d-930a1693375f", "title": "Abenomics – Myths, Rhetoric and Reality", "url": "https://smithers.co.uk/abenomics-myths-rhetoric-and-reality/", "published_at": "2014-05-20T00:00:00+00:00" }, { "id": "01a0d0c2-4ab1-7263-9079-86efd35a6119", "title": "Investing for Income: Executive pay, shareholders and the economy", "url": "https://smithers.co.uk/investing-for-income-executive-pay-shareholders-and-the-economy/", "published_at": "2014-04-02T00:00:00+00:00" }, { "id": "01a0d0c2-4ab1-7263-9079-86efd36f7e5c", "title": "Remuneration – It’s Broke, So Fix It", "url": "https://smithers.co.uk/remuneration-its-broke-so-fix-it/", "published_at": "2014-03-01T00:00:00+00:00" }, { "id": "01a0d0c2-4ab1-7263-9079-86efd3fd7348", "title": "Easy, queasy money.", "url": "https://smithers.co.uk/easy-queasy-money/", "published_at": "2013-12-02T00:00:00+00:00" }, { "id": "01a0d0c2-4ab1-7263-9079-86efd499df8b", "title": "Folly of the Fed: Why Janet Yellen May Be a Dangerous Choice.", "url": "https://smithers.co.uk/folly-of-the-fed-why-janet-yellen-may-be-a-dangerous-choice/", "published_at": "2013-11-15T00:00:00+00:00" }, { "id": "01a0d0c2-4ab1-7263-9079-86efd53949de", "title": "Economic policy must reflect business behaviour.", "url": "https://smithers.co.uk/economic-policy-must-reflect-business-behaviour/", "published_at": "2013-07-26T00:00:00+00:00" }, { "id": "01a0d0c2-773e-72df-a8f2-e5da2056cd48", "title": "Abenomics should take aim at structural reform", "url": "https://smithers.co.uk/abenomics-should-take-aim-at-structural-reform/", "published_at": "2013-06-17T00:00:00+00:00" }, { "id": "01a0d0c2-773e-72df-a8f2-e5da20d604be", "title": "Retrenchment or Stagnation: Lessons from Japan’s ‘Lost Decades’.", "url": "https://smithers.co.uk/retrenchment-or-stagnation-lessons-from-japans-lost-decades/", "published_at": "2013-05-03T00:00:00+00:00" }, { "id": "01a0d0c2-773e-72df-a8f2-e5da211d76dd", "title": "Abenomics.", "url": "https://smithers.co.uk/abenomics/", "published_at": "2013-04-07T00:00:00+00:00" }, { "id": "01a0d0c2-773e-72df-a8f2-e5da2185c1ed", "title": "If hopes were dupes, fears may be liars.", "url": "https://smithers.co.uk/if-hopes-were-dupes-fears-may-be-liars/", "published_at": "2012-11-19T00:00:00+00:00" }, { "id": "01a0d0c2-773e-72df-a8f2-e5da22574de2", "title": "The Change in Corporate Behaviour.", "url": "https://smithers.co.uk/the-change-in-corporate-behaviour/", "published_at": "2012-10-01T00:00:00+00:00" }, { "id": "01a0d0c2-9c12-728e-b055-4f696e2cd1b9", "title": "Toolkit for eurozone survival.", "url": "https://smithers.co.uk/toolkit-for-eurozone-survival/", "published_at": "2012-03-01T00:00:00+00:00" }, { "id": "01a0d0c2-9c12-728e-b055-4f696e49dda4", "title": "What Davos could do with bonuses.", "url": "https://smithers.co.uk/what-davos-could-do-with-bonuses/", "published_at": "2012-01-23T00:00:00+00:00" }, { "id": "01a0d0c2-9c12-728e-b055-4f696e91a5c5", "title": "Skewed view of cash raises questions.", "url": "https://smithers.co.uk/skewed-view-of-cash-raises-questions/", "published_at": "2011-12-05T00:00:00+00:00" }, { "id": "01a0d0c2-9c12-728e-b055-4f696f221b0e", "title": "The Japanese Government Must Intervene to Stop Yen Strength.", "url": "https://smithers.co.uk/the-japanese-government-must-intervene-to-stop-yen-strength/", "published_at": "2011-09-28T00:00:00+00:00" }, { "id": "01a0d0c2-9c12-728e-b055-4f696f977f37", "title": "The World Could Do Well, But….", "url": "https://smithers.co.uk/the-world-could-do-well-but/", "published_at": "2011-07-27T00:00:00+00:00" }, { "id": "01a0d0c2-bf28-7030-8659-d61e4553d2dc", "title": "Watch out if Wall Street falters.", "url": "https://smithers.co.uk/watch-out-if-wall-street-falters/", "published_at": "2011-06-20T00:00:00+00:00" }, { "id": "01a0d0c2-bf28-7030-8659-d61e4596a56f", "title": "What should the IMF, ECB and EC do about Greece?", "url": "https://smithers.co.uk/what-should-the-imf-ecb-and-ec-do-about-greece/", "published_at": "2011-06-06T00:00:00+00:00" }, { "id": "01a0d0c2-bf28-7030-8659-d61e464927c0", "title": "Tricky route to a soft landing.", "url": "https://smithers.co.uk/tricky-route-to-a-soft-landing/", "published_at": "2011-06-01T00:00:00+00:00" }, { "id": "01a0d0c2-bf28-7030-8659-d61e4741a8c9", "title": "Large scale investment overseas is key for Japanese companies.", "url": "https://smithers.co.uk/large-scale-investment-overseas-is-key-for-japanese-companies/", "published_at": "2011-05-16T00:00:00+00:00" }, { "id": "01a0d0c2-bf28-7030-8659-d61e474a1a50", "title": "Japan’s Fiscal Deficit.", "url": "https://smithers.co.uk/japans-fiscal-deficit/", "published_at": "2011-03-03T00:00:00+00:00" }, { "id": "01a0d0c2-e8b4-7071-ae26-2fb24532cddc", "title": "Deficit cuts should take priority.", "url": "https://smithers.co.uk/deficit-cuts-should-take-priority/", "published_at": "2011-02-21T00:00:00+00:00" }, { "id": "01a0d0c2-e8b4-7071-ae26-2fb245a32ecd", "title": "Tug-of-war over equity ratios.", "url": "https://smithers.co.uk/tug-of-war-over-equity-ratios/", "published_at": "2011-02-01T00:00:00+00:00" }, { "id": "01a0d0c2-e8b4-7071-ae26-2fb2468e3306", "title": "We cannot support ever-rising debt.", "url": "https://smithers.co.uk/we-cannot-support-ever-rising-debt/", "published_at": "2010-12-29T00:00:00+00:00" }, { "id": "01a0d0c2-e8b4-7071-ae26-2fb247375fe0", "title": "Japan’s Population.", "url": "https://smithers.co.uk/japans-population/", "published_at": "2010-12-20T00:00:00+00:00" }, { "id": "01a0d0c2-e8b4-7071-ae26-2fb247377737", "title": "The Federal Reserve, Quantitative Easing and Private Sector Debt.", "url": "https://smithers.co.uk/the-federal-reserve-quantitative-easing-and-private-sector-debt/", "published_at": "2010-12-06T00:00:00+00:00" }, { "id": "01a0d0c3-073b-7140-99f5-ad35dd0042d9", "title": "Higher equity ratios unlikely to impact on banks.", "url": "https://smithers.co.uk/higher-equity-ratios-unlikely-to-impact-on-banks/", "published_at": "2010-11-30T00:00:00+00:00" }, { "id": "01a0d0c3-073b-7140-99f5-ad35dd3f13da", "title": "The Yen and the Misguided Policies of the Federal Reserve.", "url": "https://smithers.co.uk/the-yen-and-the-misguided-policies-of-the-federal-reserve/", "published_at": "2010-10-19T00:00:00+00:00" }, { "id": "01a0d0c3-073b-7140-99f5-ad35dde790d7", "title": "Rebalancing the global economy.", "url": "https://smithers.co.uk/rebalancing-the-global-economy/", "published_at": "2010-09-20T00:00:00+00:00" }, { "id": "01a0d0c3-073b-7140-99f5-ad35de996896", "title": "Keynes, Money and Debt.", "url": "https://smithers.co.uk/keynes-money-and-debt/", "published_at": "2010-07-21T00:00:00+00:00" }, { "id": "01a0d0c3-073b-7140-99f5-ad35df82d9cd", "title": "Why Banks Should Be Broken Up.", "url": "https://smithers.co.uk/why-banks-should-be-broken-up/", "published_at": "2010-07-07T00:00:00+00:00" }, { "id": "01a0d0c3-2ce2-707b-9051-fb215eea9851", "title": "We need to turn to equity financing.", "url": "https://smithers.co.uk/we-need-to-turn-to-equity-financing/", "published_at": "2010-06-28T00:00:00+00:00" }, { "id": "01a0d0c3-2ce2-707b-9051-fb215eeafdb7", "title": "The importance of the Bank’s new structure.", "url": "https://smithers.co.uk/the-importance-of-the-banks-new-structure/", "published_at": "2010-06-18T00:00:00+00:00" }, { "id": "01a0d0c3-2ce2-707b-9051-fb215f1c0fc4", "title": "International savings and investment in the balance.", "url": "https://smithers.co.uk/international-savings-and-investment-in-the-balance/", "published_at": "2010-06-01T00:00:00+00:00" }, { "id": "01a0d0c3-2ce2-707b-9051-fb215f553812", "title": "It wasn’t rotten Maths, it was rotten Epistemology.", "url": "https://smithers.co.uk/it-wasnt-rotten-maths-it-was-rotten-epistemology/", "published_at": "2010-05-18T00:00:00+00:00" }, { "id": "01a0d0c3-2ce2-707b-9051-fb21601e233b", "title": "The Need for More Bankruptcies.", "url": "https://smithers.co.uk/the-need-for-more-bankruptcies/", "published_at": "2010-05-17T00:00:00+00:00" }, { "id": "01a0d0c3-44b9-700d-9ebb-5f06b030e1cc", "title": "Supporters of Capitalism Should Read This.", "url": "https://smithers.co.uk/supporters-of-capitalism-should-read-this/", "published_at": "2010-04-21T00:00:00+00:00" }, { "id": "01a0d0c3-44b9-700d-9ebb-5f06b0353c1e", "title": "Low US inflation is essential.", "url": "https://smithers.co.uk/low-us-inflation-is-essential/", "published_at": "2010-04-19T00:00:00+00:00" }, { "id": "01a0d0c3-44b9-700d-9ebb-5f06b0c4f8e1", "title": "Bank Reform is Essential for Capitalism.", "url": "https://smithers.co.uk/bank-reform-is-essential-for-capitalism/", "published_at": "2010-03-08T00:00:00+00:00" }, { "id": "01a0d0c3-44b9-700d-9ebb-5f06b15be790", "title": "A Slow Recovery for a Happy New Year.", "url": "https://smithers.co.uk/a-slow-recovery-for-a-happy-new-year/", "published_at": "2010-02-18T00:00:00+00:00" }, { "id": "01a0d0c3-44b9-700d-9ebb-5f06b16fc643", "title": "Debt and the data.", "url": "https://smithers.co.uk/debt-and-the-data/", "published_at": "2010-01-01T00:00:00+00:00" } ] posts Claim your blog
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smithers.co.uk

2026

AI – Putty-Putty or Hard-Baked Clay?original ↗
2 May 2026

2025

Coming to Terms with Fiscal  and Trade Deficitsoriginal ↗
25 Oct 2025
Tangible and Intangible Capitaloriginal ↗
3 Jul 2025
How Share Prices Fluctuateoriginal ↗
2 Jan 2025

2024

Box X: Pensions, Savings and Investment original ↗
6 Nov 2024
Risks facing central banks: action and inactionoriginal ↗
28 May 2024
Interesting Timesoriginal ↗
14 Apr 2024
How Economic Theory Went Wrongoriginal ↗
1 Mar 2024

2023

Improving Economic Policyoriginal ↗
3 Jul 2023
Economic Management in a multiple Equilibria Economy PIDE Webinaroriginal ↗
27 Jun 2023
Extending the liabilities’ time horizon is key to pensions reformoriginal ↗
14 Jun 2023
Zombie Companies, Low Investment and Low Interest Ratesoriginal ↗
20 Jan 2023

2022

Podcast: The Road to Economic Stability ft. Andrew Smithersoriginal ↗
27 Jul 2022
The Stock Market Model: A New Foundation for Economic and Monetary Policy.original ↗
1 Jun 2022
An economist’s warning for stock market investorsoriginal ↗
14 Apr 2022
What you thought you knew about interest rates and the market is wrongoriginal ↗
30 Mar 2022
Book review: The Economics of the Stock Marketoriginal ↗
28 Mar 2022
US – The High Risk of Another Financial Crisis.original ↗
5 Jan 2022

2021

Letter: UK Universities should postpone pensions strikeoriginal ↗
18 Nov 2021
Not Cyclical but Secular.original ↗
1 Oct 2021
Japan: Investment and Growthoriginal ↗
1 Sept 2021
Letter: Equity Risk is not in step with ‘random walk’ theoryoriginal ↗
19 Jul 2021
Corporation Taxoriginal ↗
1 Jul 2021
Paul Krugman on Corporation Tax, Right first time – Wrong this time.original ↗
30 Apr 2021
Corporation Taxoriginal ↗
22 Apr 2021
The Hill Review – and London’s prospects as a global centre for capital-raisingoriginal ↗
25 Mar 2021
Letter: Britain’s bonus culture is bad for productivityoriginal ↗
2 Mar 2021
Short-termism: The False Debate.original ↗
1 Feb 2021

2020

Savings Glut or Investment Dearth: Rethinking Monetary Policyoriginal ↗
1 Dec 2020
Bonus Culture’ holds back public investmentoriginal ↗
23 Oct 2020
The Impact of the Bonus Culture on the UK Economyoriginal ↗
1 Oct 2020
Investment and Unemploymentoriginal ↗
27 Jul 2020
Zombies & Creative Destructionoriginal ↗
13 Jul 2020
A Schumpeterian view of zombie companiesoriginal ↗
29 Jun 2020
The Economics of Covid-19original ↗
26 May 2020
Investment, Productivity, and the Bonus Cultureoriginal ↗
21 May 2020
The Debate Over the Depreciation of Intangible Capitaloriginal ↗
1 Apr 2020
Pandemic response should liberate flawed investment policyoriginal ↗
17 Mar 2020

2019

Corporation Taxoriginal ↗
12 Nov 2019
Japan does not have an investment problemoriginal ↗
16 Sept 2019
The NTV Model for Total Factor Productivityoriginal ↗
1 Jul 2019

2018

A Critical Review of Thomas Piketty’s Capitalism in the 21st Century.original ↗
23 Oct 2018
Andrew Smithers’ comments on the report by the Institute for Public Policy Research on “Economic Justice”original ↗
4 Oct 2018

2017

The Problem of Economic Incompetence.original ↗
31 Oct 2017
Privatisation of utilities has benefited everyoneoriginal ↗
28 Sept 2017
Inflation and Expectationsoriginal ↗
1 Sept 2017
Crisis and subsequent weak growth had different causesoriginal ↗
17 Aug 2017
Building a New Testable Model to Estimate Total Factor Productivity.original ↗
20 Jul 2017
Paper for the Industrial Strategy Commission.original ↗
27 Feb 2017

2016

Corporate Governance Reformoriginal ↗
6 Dec 2016
US Economic Policyoriginal ↗
19 Nov 2016
Why equity returns do not take investors on a ‘random walk’original ↗
14 Nov 2016
Demand solution won’t suit a supply problemoriginal ↗
15 Aug 2016
Answer to productivity “puzzle” is low investmentoriginal ↗
7 Jun 2016
How Managerial Incentives Affect Economic Performanceoriginal ↗
20 Apr 2016

2015

Executive pay holds the key to the productivity puzzleoriginal ↗
28 May 2015
Action This Dayoriginal ↗
1 Apr 2015
Racing away? Correcting the damage done to wage growth by perverse management incentivesoriginal ↗
27 Mar 2015

2014

Getting the economy goingoriginal ↗
1 Sept 2014
Abenomics – Myths, Rhetoric and Realityoriginal ↗
20 May 2014
Investing for Income: Executive pay, shareholders and the economyoriginal ↗
2 Apr 2014
Remuneration – It’s Broke, So Fix Itoriginal ↗
1 Mar 2014

2013

Easy, queasy money.original ↗
2 Dec 2013
Folly of the Fed: Why Janet Yellen May Be a Dangerous Choice.original ↗
15 Nov 2013
Economic policy must reflect business behaviour.original ↗
26 Jul 2013
Abenomics should take aim at structural reformoriginal ↗
17 Jun 2013
Retrenchment or Stagnation: Lessons from Japan’s ‘Lost Decades’.original ↗
3 May 2013
Abenomics.original ↗
7 Apr 2013

2012

If hopes were dupes, fears may be liars.original ↗
19 Nov 2012
The Change in Corporate Behaviour.original ↗
1 Oct 2012
Toolkit for eurozone survival.original ↗
1 Mar 2012
What Davos could do with bonuses.original ↗
23 Jan 2012

2011

Skewed view of cash raises questions.original ↗
5 Dec 2011
The Japanese Government Must Intervene to Stop Yen Strength.original ↗
28 Sept 2011
The World Could Do Well, But….original ↗
27 Jul 2011
Watch out if Wall Street falters.original ↗
20 Jun 2011
What should the IMF, ECB and EC do about Greece?original ↗
6 Jun 2011
Tricky route to a soft landing.original ↗
1 Jun 2011
Large scale investment overseas is key for Japanese companies.original ↗
16 May 2011
Japan’s Fiscal Deficit.original ↗
3 Mar 2011
Deficit cuts should take priority.original ↗
21 Feb 2011
Tug-of-war over equity ratios.original ↗
1 Feb 2011

2010

We cannot support ever-rising debt.original ↗
29 Dec 2010
Japan’s Population.original ↗
20 Dec 2010
The Federal Reserve, Quantitative Easing and Private Sector Debt.original ↗
6 Dec 2010
Higher equity ratios unlikely to impact on banks.original ↗
30 Nov 2010
The Yen and the Misguided Policies of the Federal Reserve.original ↗
19 Oct 2010
Rebalancing the global economy.original ↗
20 Sept 2010
Keynes, Money and Debt.original ↗
21 Jul 2010
Why Banks Should Be Broken Up.original ↗
7 Jul 2010
We need to turn to equity financing.original ↗
28 Jun 2010
The importance of the Bank’s new structure.original ↗
18 Jun 2010
International savings and investment in the balance.original ↗
1 Jun 2010
It wasn’t rotten Maths, it was rotten Epistemology.original ↗
18 May 2010
The Need for More Bankruptcies.original ↗
17 May 2010
Supporters of Capitalism Should Read This.original ↗
21 Apr 2010
Low US inflation is essential.original ↗
19 Apr 2010
Bank Reform is Essential for Capitalism.original ↗
8 Mar 2010
A Slow Recovery for a Happy New Year.original ↗
18 Feb 2010
Debt and the data.original ↗
1 Jan 2010
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