Monthly Archives: February 2010

From the FT’s comment section:
Gideon Rachman: Greece threatens more than the euro
John Lloyd: Boomers rage against dying of the light
Michael Skapinker: The purpose of business is to win respect
Jagdish Bhagwati: A new approach to tackling climate change
Editorial: Brown’s great rage inside the machine
Editorial: Beijing tightens technology noose
Editorial: Dutch departure saps Afghan effort
Global Insight: Mure Dickie, Japan calm as treasured status slips away
Market Insight: Jonathan Bell, China at risk of a home-grown financial crisis
Notebook: Brian Groom, The wizardry palls for Purnell
Lex: The agenda-setting column on business and finance

From the FT’s comment section:
Clive Crook: Obama gets ready to risk it all
George Soros: The euro will face bigger tests than Greece
Wendy Carlin and Colin Mayer: Britain should not fear foreign ownership
Wolfgang Münchau: Inflation must not become a moving target
Editorial: Couldn’t care less for the elderly
Editorial: Congress must act on US fiscal policy
Editorial: Tax and citizenship
Global Insight: Alan Beattie, Centre-left fails to capitalise on crisis
Lex: The agenda-setting column on business and finance

From the FT’s comment section:
John Lloyd: The old order reasserts itself, in Britain and beyond
Christopher Caldwell: Too much brain on Capitol Hill
Ed Crooks: Outside Edge: Pay up for the glory that was Greece
Matthew Green: Man in the News: Mullah Abdul Ghani Baradar
Editorial: Labour pains
Editorial: Oil in the water
Editorial: Corporate climate
Lex: The agenda-setting column on business and finance

Ian Holdsworth

How many economists does it take to change one’s mind about when to cut the UK’s public deficit?

Twenty wrote an open letter to the Sunday Times last weekend calling for public spending cuts to start this year – the position favoured by the opposition Conservative party.

But 60 appear on the FT’s letters page this morning – in two separate letters – to back chancellor Alistair Darling’s view that it would jeopardise a fragile recovery to cut the deficit before 2011.

For some reason, Googling my question mainly produces vaguely familiar answers involving light bulbs.

Still, one or two are worth wheeling out again:

1) How many economists does it take to change a light bulb?

Given 1,000 economists there will be 10 theoretical economists with different theories on how to change the light bulb and 990 empirical economists labouring to determine which theory is the “correct” one, and everyone will still be in the dark.

2) How many Keynesian economists?

All of them. Because then you will generate employment and more consumption, dislocating the aggregate demand to the right.

3) How many Chicago School economists?

None. If the light bulb needed changing , the market would have done it already.

4) How many mainstream economists?

Two. One to assume the existence of the ladder and one to change the bulb.

5) How many Marxists?

None – the bulb contains within it the seeds of its own revolution.

Kiran Stacey

The Daily Caller
Chet Nagle, Pakistan’s phony Baradar arrest
Mitch Bainwol, Google has reason to re-think IP

The Guardian
Faisal Islam, As Iceland resists paying us our billions, let’s not forget who is to blame
Michael Tomasky, Tax, choixes and gridlock

Washington Post
Charles Krauthammer, Ungovernable? Nonsense
Alan Blinder, The jobs puzzle
Eugene Robinson, Cold truths about the Northeast’s hard winter

The Times
Richard Headland, The car in fornt wil probably still be a Toyota

The Telegraph
Con Coughlin, The murder of Al-Mahbouh is an insult to our intelligence

The Independent
Editorial: A timely defence of press freedom

The New York TImes
Paul Krugman, California death spiral
David Brooks, The power elite
Roger Cohen, Target Iran’s censors

The Huffington Post
Jonathan Kim, Green makes green: how sustainability creates jobs

From the FT’s comment section:
Philip Stephens: Look further than the fads and fashions of geopolitics
Samuel Brittan: Greek light on an over-hasty project
Tommaso Padoa-Schioppa: Europe cannot leave Athens on its own
Peter Tasker: Toyota’s woes can spark new thinking
Editorial: World economists join UK fiscal fray
Editorial: US policy to China must be consistent
Editorial: A fence to mend
Global Insight: Quentin Peel, Welfare takes centre stage in Berlin
Market Insight: Gillian Tett, The US battle to pull the props
Notebook: Jonathan Guthrie, Abbey Road: All you need is cash
Lex: The agenda-setting column on business and finance

Kiran Stacey

The Daily Caller
Richard Olivastro, Fannie and Freddie are at it again

The New York Times
Nicholas Kristof, Do we really want the status quo on healthcare?
Lara Dadkhah, Empty skies over Afghanistan

The Washington Post
George Will, Alaska lightning rod
Matt Miller, Blame our politics, not our debt

The Huffington Post
Bill Lucey, Should the Senate go nuclear?

The Times
Anatole Kaletsky, Whoever you vote for, painful cuts will come
Melanie Reid, We’re all thrilled by Mossad the movie

The Guardian
Seumas Milne, This is no ripping yarn, but a murder to fan more conflict
Timothy Garton Ash, We need judges to investigate our spies, not spies to berate our judges

The Telegraph
Edmund Conway, Don’t worry about inflation – that can wait
Ceri Radford, I find the jury innocent of (nearly) all charges

The Independent
Adrian Hamilton, Torture demeans the torturer as well as the victim

From the FT’s comment section:
Robert Shiller: America is in need of a pep talk from its president
Dominique Strauss-Kahn: Reject ad hoc, national financial reforms
Joe Leahy: Freedom under threat in Sri Lanka
John Nagl and Mitchell Reiss: Iraq lessons can guide Afghan surge
Stein Ringen: Heavy price of misrule
Editorial: Boomerangst
Editorial: Senate moderate gives up on Obama
Editorial: Euro succession
Global Insight: Edward Luce, Senator’s moan highlights death of bipartisanship
Market Insight: Satyajit Das, Stripping away the disguise of derivatives
Notebook: Alex Barker, Vicious horseplay puts army in spin
Lex: The agenda-setting column on business and finance

Kiran Stacey

The Guardian
Michael Tomasky, Bashing the rich won’t work for Obama. But other rallying cries might
Hilary Wainwright, Osborne’s airbrushed co-op policy

The Times
James Purnell, Power to the people – and trust them too
Daniel Finkelstein, The Tories will get burnt fighting fire with fire
Tom Coghlan, Baradar’s capture may not be what it seems

The Telegraph
Tracy Corrigan, The wizardry that set a bad spell on Greece
Simon Heffer, Can anyone explain what the Conservative Party stands for?

The Independent
Hamish McRae, The inflation genie is out of the bottle

The New York Times
Thomas Friedman, Global weirding is here
Michael Cox, An order of prosperity, to go

The Washington Post
Editorial: Taliban on ice
Kathleen Parker, Uganda’s brutal law

The Huffington Post
Brad Wright, Doing the right thing

From the FT’s comment section:
Martin Wolf: How to walk the fiscal tightrope that lies before us
Martin Feldstein: Let Greece take a eurozone ‘holiday’
John Kay: True and fair values melt under a spotlight
David Shambaugh: The year China showed its claws
Editorial: Brussels and the Greek debt trick
Editorial: Barclays bounces
Editorial: The murky Gulf
Global Insight: James Lamont, Taliban leader’s arrest is just one step
Market Insight: Byron Wien, The US will continue to lose market share
Notebook: Sue Cameron, Mandarins battle with the minister
Lex: The agenda-setting column on business and finance

FT dot comment

FT dot comment is no longer updated but it remains open as an archive.

Politics, economics, high finance and morality – this blog addresses the issues being considered by the FT’s comment team, and their thoughts.

FT dot comment: a guide

Christopher Cook is an FT editorial writer. Before joining the FT in 2008 as a Peter Martin Fellow, he worked for three years for the Conservative party.

Lorien Kite is deputy comment editor, a post he took up in 2009 after four years as a commissioning editor on the analysis page. He joined the FT in 2000.

Ian Holdsworth became assistant features editor in 2009 and was previously chief production journalist for the features pages.


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