Free Thoughts: Collected Columns of Jamie Whyte

Jamie Whyte is a management consultant and former lecturer in philosophy at the University of Cambridge. This collection of his best columns for newspapers including The Times, The Wall Street Journal and The Financial Times captures his entertaining, thought-provoking style. Whyte is primarily concerned with the relationship between the state and individuals: invariably arguing that politicians should back off and leave us to make decisions for ourselves.

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What Hayek would do: How Austrian economists would fix the crisis

Robert CB Miller gives a modern Austrian explanation of the crisis, and argues that tightening the 'loose joint' of bank credit expansion is the key to preventing a repeat in the future. Based on the work of FA Hayek and other Austrian school economists, he says that the recession is a necessary part of the recovery process, as bad investments are liquidated and new profit routes discovered, but government draws out this process by regulating markets and restricting trade.

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Saving the City

Despite all the heated exchanges over UK Prime Minister David Cameron’s plan to renegotiate Britain’s membership of the EU, whether the UK stays in or leaves the EU may not be critical for the City. Far more important, says Tim Ambler, is the need to create a single global market for financial services. In such a global market, the potential for such a leading-edge financial services provider as London is unlimited.

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