John Kay is an economist whose career has spanned the academic world, business and public affairs. In 1979 he became director of the Institute for Fiscal Studies, where he established a research capability and the reputation for independence which has characterised the Institute ever since, and to which he recruited one of his students, Andrew Dilnot, as research officer. John is a Fellow of the British Academy and of the Royal Society of Edinburgh. He is a director of several public companies and a contributing editor of the Financial Times. He recently chaired the Review of UK Equity Markets and Long-Term Decision-Making which reported to the Secretary of State for Business, Innovation and Skills in July 2012. He is the author of many books, including The Truth about Markets (2003), The Long and the Short of It: finance and investment for normally intelligent people who are not in the industry (2009)(Second edition 2016) and Obliquity (2010). His latest book, Other People’s Money – towards a financial system for the needs of the economy rather than financial market participants – published by Profile Books and (in North America) by PublicAffairs in September 2015.
Visiting Professor of Economics, LSE