Business Book Roundtable
May 26, 5:30 PM - 8:00 PM
John Kay’s new book, Culture and Prosperity: The Truth About Markets, examines the big questions of economic life - why some people are rich, and others poor, the power of markets to provide material goods, and their limits. In this ambitious and wide-ranging book, John Kay unravels the mysteries of economic life. In the tradition of elegant writing about science, Kay travels from the shores of Lake Zurich to the streets of Mumbai, through the flower market of San Remo to the sales rooms at Christie's, delving into evolutionary psychology and moral philosophy all to explain how market societies really work. What he reveals is that markets are embedded in a social, political and cultural context that gives them distinctive powers but also very real limitations. Witty, profound and immersed in the latest economic thinking, Culture and Prosperity is a charming and accessible tour de force.
200 East Randolph Street
John Kay is one of Britain’s leading economists. His work is mostly concerned with the application of economics to the analysis of changes in industrial structure and the competitive advantage of individual firms. His interests encompass both business strategy and public policy. John Kay began his academic career when he was elected a fellow of St John’s College, Oxford at the age of 21, a position which he still holds. As research director and director of the Institute for Fiscal Studies he established it as one of Britain’s most respected think tanks. Since then he has been a professor at the London Business School and the University of Oxford, and is currently a visiting Professor at the London School of Economics. He was the first director of Oxford University’s Said Business School. In 1986 he founded London Economics, a consulting business, of which he was executive chairman until 1996. During this period it grew into Britain’s largest independent economic consultancy with a turnover of £10m and offices in London, Boston and Melbourne. He has been a director of Halifax plc and remains a director of several investment companies. He is the first (and still the only) Professor of Management to receive the academic distinction of Fellowship of the British Academy. In 1999 he resigned his position at Oxford and sold his interest in London Economics. Now his time is principally devoted to writing. A frequent writer, lecturer and broadcaster, he contributes a weekly column to the Financial Times. He is the author or editor of numerous books, including The British Tax System (co-authored with Mervyn King, first published in 1979, and subsequently developed in five editions), Foundations of Corporate Success (1993), and a collection of his writings, The Business of Economics (1996). His most recent book, The Truth about Markets , was published in May 2003 to critical acclaim. He commutes between London, Oxfordshire and the south of France, and his favorite recreation is walking in the mountains behind the French Riviera, an opportunity for reflection which provides many of his best ideas. For more information, please visit his website: http://www.johnkay.com