Nicholas Wapshott

For Nicholas Wapshott's latest contributions to The Japan Times, see below:

Aug 1, 2012

The abandoned economist

Milton Friedman, the combative, impish free-market economist, died in 2006, too early to witness and diagnose the financial crisis of 2008 and the long economic slump we’ve experienced since. But that doesn’t mean he’s absent from the debate over how to handle it. “I ...

Sep 24, 2011

Keynes was not a big 'Keynesian'

What does it mean to be Keynesian? It was the British economist John Maynard Keynes who declared that when, like today, economic growth grinds to a standstill and businesses fail to provide enough jobs, governments have the ability, and the duty, to fill the ...