Trump: Markets, Power, and Inside Information

There is a structural problem in modern politics that we don’t talk about enough. Markets move on information. Governments create information. And in an age of erratic communication, that information is often released in ways that are unpredictable, informal, and badly timed. Take Donald Trump. One of the defining features of his recent presidency has … Read more

AI and Bounded Rationality

AI discogs

This month I decided to fill a few gaps in my record collection. I already own nearly complete sets of singles by The Jam, Dexys, The Undertones, The Who, Small Faces, The Kinks, and a few others. Just a few dozen records, each costing £2–£3, would be enough to complete the sets. The most expensive … Read more

Cheap Houses, Expensive Politics: Italy, Ageing Populations and Immigration

The Post-Holiday Daydream Holidays are over, the beaches are just a memory, and reality is back with a thud. Every September, millions of us ask the same wistful question: why can’t life always be like this? Why not move somewhere sunny, with cheap wine and great food? The newspapers know this seasonal mood well. Like … Read more