"In sum, therefore, many of the assumptions and analytical frameworks that underpin the instrumental argument for free…"

"The proposition that markets drive economic efficiency is central to much of economics. Adam Smith illustrated that t…"

"Imperfect markets are different. (...) Similarly, in Paul Krugman’s neat adaptation, “all perfect markets are perfect…"

"In rich economies, stability matters a lot; small further increases in allocative efficiency matter less. Thus, polic…"

"Economists should study financial markets as they actually operate, not as they assume them to operate—observing the …"

"Economic history matters. Students of economics should read Charles MacKay and Charles Kindleberger, and should study…"

"The more I thought about it, the more obsessed I became with the idea of a swimming journey. I started to dream ever …"

"From water level, I observed the mating joined in flight like refuelling aircraft, and the random progress of the clo…"

"It is through trees that we see and hear the wind: woodland people can tell the species of a tree from the sound it m…"

"Waterlog (1999), Roger's now-classic account of swimming through Britain, published twenty years ago this year, opens…"