Capital only has economic meaning if it is maintained. Capital maintenance concepts define the boundary between income and capital preservation, and therefore determine what may
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Glossary entry: Capital
I am in this post-Christmas period working on some of the definitions that will underpin my work on a project if care. Right now, this
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Glossary entry: bond vigilantes
I have added this entry to this blog’s glossary at the request of some commentators. I stress that in an area as complex as this,
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The correction begins
I wrote a reminder of the danger of the end of December in financial markets yesterday. In it, I highlighted the rise in the price
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2026: the year politics breaks
2025 was a disastrous year — economically, politically and morally. But the consequences of that failure are only just beginning to arrive. In this video,
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Fools and their money are still being parted
A couple of weeks ago, I wrote suggesting that investors should beware the end of December. Why? The UK stock market peaked on 30 December
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Redfining capital as the basis for a politics of care: a task for 2026
As regular readers here will know, I referred to the idea of a “politics of care” quite a lot during 2025, and I have no
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Down time
It was a busy weekend, mainly of socialising, and if I largely left the blog alone, that was the decision I made. Sometimes it is
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The politics of light
Light is often treated as something sentimental at Christmas. That is a mistake. Light is not decoration. It is understanding, care, energy and life itself.
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