John Kay

The Long and the Short of it: A Guide to Finance and Investment for Normally Intelligent People Who Aren't in the Industry

John Kay
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This book provides a guide to the complexities of modern finance. It describes the basics of investment and the sophisticated innovations of the modern financial system. It explains how twice in the last decade - in the new economy bubble and the credit crunch - the follies of finance have threatened the stability of the world economy.

It describes an environment that is complex and sophisticated, but greedy, cynical and self-interested. This book explains how to put your finances in the only hands you can confidently trust - your own. (The Erasmus Press Ltd)

 

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The Hare and the Tortoise

John Kay
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Most business books are bland or dull, or both. This volume is neither: John Kay combines insightful analysis with wit and verve. In this book, we meet heroes as diverse as Sun Tzu, Jacques Derrida, and Jack Welch: we study businesses as diverse as Honda Motors, the grandes marques of Champagne, and Jenners department store in Princes Street, Edinburgh; we learn why size doesn't matter, why brakes are different from signals, how to value businesses, and why the author was wrong to tell students that Boeing's position in the civil aircraft market was unassailable. In less than two hundred pages, John Kay provides a lively introduction to business strategy and a guide to many of the key issues in business today. (Gazelle Book Service)

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Culture and Prosperity: Why Some Nations Are Rich but Most Remain Poor

John Kay
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Why are some countries rich and others poor? Why does a farmer in Sweden have a higher standard of living than a farmer in South Africa? Why does a schoolteacher in Switzerland earn more than one in Chicago? According to leading economic theorist John Kay, economic markets are key to the wealth or poverty of the world's nations. In Culture and Prosperity, Kay explores why market economies outperform socialist or centrally directed markets -- and why the imposition of market institutions often fails. His search for the truth about markets takes him from the shores of Lake Zurich to the streets of Mumbai, through theories of evolutionary psychology and moral philosophy to the flower market at San Remo and Christie's salesroom in New York.

Witty, engaging, and grounded in cutting-edge economic theory, Culture and Prosperity is essential for understanding the state of the world today. (Harper Paperbacks)

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The Truth About Markets: Why Some Nations are Rich But Most Remain Poor

John Kay
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Capitalism faltered at the end of the 1990s as corporations were rocked by fraud, the stock-market bubble burst and the American business model - unfettered self-interest, privatization and low tax - faced a storm of protest. But what are the alternatives to the mantras of market fundamentalism? Leading economist John Kay unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why 'one-size-fits-all' globalization hurts developing countries and why markets can work - but only in a humane social and cultural context. His answers offer a radical new blueprint for the future. (Penguin Books Ltd.)

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Foundations of Corporate Success: How Business Strategies Add Value

John Kay
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How Business Strategies Add Value. What distinguishes the successful firm is the fundamental question in business strategy, and one the most senior managers consistently ask themselves. In Foundations of Corporate Success, John Kay argues that outstanding businesses derive their strength from a distinctive structure of relationships with employees, customers, and suppliers. He explains why continuity and stability in these relationships is essential for a flexible and co-operative response to change. This book has been hailed as a landmark in our understanding of business strategy and is widely used on courses throughout the world. (Oxford University Press)

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Amar Bhidé, John Kay and Edmund S. Phelps
Center Working Paper No. 72
August 2011
John Kay
Center Working Paper No. 31
February 2009