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Most people today regard America’s experiment with alcohol prohibition as a national embarrassment, rightly repealed in 1933. So it will be with the closures and lockdowns of 2020, some day.  In 1920, however, to be for the repeal of the prohibition that was passed took courage. You were arguing against prevailing opinion backed by celebratory scientists and exalted social thinkers. What you were saying flew in the face of ‘expert consensus’. There is an obvious analogy to lockdowns... Read More >

Recent Articles:

The Interregnum is airbrushed as a mere gap between two kings, but we were among the first in Europe to scrap the monarchy. England makes much of its monarchy as a symbol of continuity. It is part of this country’s identity and sense of Read More >

On 12 October 1864, Chief Justice Roger Taney, author of the Dred Scott decision, passed away. Abraham Lincoln (finally!) had the opportunity to replace that man. There was never a doubt that Lincoln would nominate a successor. On the other Read More >

ARTICLE ORIGINALLY PUBLISHED APRIL 2018 John Shotto Douglas, the ninth Marquess of Queensberry, has two major claims to fame. First he was the nemesis of gay author Oscar Wilde who sued him for libel after he had publicly objected to the liaison Read More >

December 1939 marked an unusual moment in American politics. Although a raging world war consumed the European continent and the distant perimeter of the Pacific, the United States remained two years away from entry into the conflict. Instead, Read More >

ARTICLE ORIGINALLY PUBLISHED 13TH OCTOBER 2017 In a conscious echo of Harold Macmillan who oversaw the construction of more than 300,000 mostly local authority houses in 1953, the Prime Minister recently announced that her government is Read More >

Above: The opening of the account roll of University College, Oxford, for 1383-4 © The Master and Fellows of University College, Oxford ARTICLE ORIGINALLY PUBLISHED 21ST NOVEMBER 2017 Few organisations, apart from cathedrals, can rival Read More >

In 1533-4, Henry VIII rejected the Pope’s authority and broke away from the Church of Rome, declaring himself Supreme Head of the Church in England. This country thus detached itself from a large supra-national institution that had Read More >

One of the most marvelous books I’ve read this year is Donald Henderson’s personal story of the eradication of smallpox. The book is Smallpox: The Death of a Disease: The Inside Story of Eradicating a Worldwide Killer. It’s a brilliant and Read More >

Outside Westminster Hall stands a prominent statue of Oliver Cromwell, which was designed by the Victorian sculptor Hamo Thornycroft and erected in 1899 to mark the three hundredth anniversary of the Lord Protector’s birth.  In Read More >

In an earlier article, I discussed Cromwell’s speeches during his years as Lord Protector (1653-58).  His private letters during this period show many similar characteristics, and especially the same religiosity and Read More >

An exogenous crisis hit the world, followed by a stunningly fast disruption of the global economy. Political decisions led to the closing of business, to numerous bankruptcies, to ramped-up production in urgently-needed goods, and to financial Read More >

“The economic mechanism of Europe is jammed.”  - J M Keynes [1]  The Dutch finance minister Wopka Hoekstra is somewhat brazen. Like his German counterpart, he caused consternation across the Union by rejecting a Read More >

Extensive records survive of Cromwell’s speeches during his years as Lord Protector (1653-58), and they tell us much about both the man and the age in which he lived.  They reflect his intense religious faith and his grappling with Read More >

On an urban street corner, where Middlesex Street meets Whitechapel High Street in East London, lie the remains of a lost Shakespearean-era playhouse, the Boar’s Head. Its existence was already known due to references in historic records, such Read More >

“It promises to join up various portions of the metropolis with what has been described as an ‘inner ring’ represented by the Metropolitan District Railway. New lines will bring passengers from east, west, north and south to the District Read More >

I have long maintained that films are powerful indications of the social mood and values of a society. Within that context, the comparison between two recent war films is highly informative as to the disparate perspectives on the importance of a Read More >

The history of infrastructure finance has much to teach us. Let’s look at Indian railway securities during the time of the British Empire and the role played by the Economist The period 1880-1913, characterised as the first era of Read More >

Archaeologists have been thrilled at some unique finds in a sixth-century princely burial site near Southend-on-Sea In 2003 archaeologists from the Museum of London Archaeology excavated a small plot of land in Prittlewell, Essex, for Read More >

In 1945 and again in 1974, the Tories lost an election they had been certain to win. Why? And is it about to happen again? If Boris Johnson loses the election on 12 December, it will be in the long tradition of Conservative governments that Read More >

A Prediction Not yet the railway mania flags, All are agog for speculation;But such a multitude of stagsMay terminate in a stag-nation.  The Times (London, England), Tuesday September 2, 1845 The railway mania was a time of Read More >

Post war British economic policy and house-building Macroeconomic policy frameworks followed by governments have definite impacts on all sectors of the economy including the housing sector. Post Second World War the British government was Read More >

Academics are at war over new evidence suggesting high pay didn’t spark the rush for labour-saving devices It has been more than 200 years since the start of the Industrial Revolution in Britain. For a century historians and economists have Read More >

The railways made a rapid impact on Britain. It was only in 1830 that inter-city rail travel started with the link between Liverpool and Manchester, but by 1840, they, and the other four largest English cities (Birmingham, Sheffield, Leeds and Read More >

Work stops at sunset. Darkness falls over the building site. The sky is filled with stars. "There is the blueprint," they say. - Italo Calvino, Invisible Cities Urban planning is best defined by scholars as a form of state intervention in a Read More >

This article was originally published in August 2018. Our archaeologists excavated Ten Trinity Square beside the Tower of London, as part of the development of a luxury hotel and residential development by Reignwood Group. Occupied since the Read More >

Joseph Chamberlain (1836-1914) the radical nineteenth-century businessman and politician who terrified Queen Victoria and many others, is back in the news again. The man who broke not one but two political parties has been twice cited by Prime Read More >

Over the last 200 years railways have had a profound effect on the areas they serve – opening them up to trade and passenger transport. The busiest passenger station in the world is said to be Shinjuku in Tokyo where 1.26 bn passengers Read More >

Recent data from the Office of National Statistics and HM Land registry show that house prices rose 3% in the year to May 2018, relative to a growth of 3.5 percent in the same period last year. This is the lowest annual rate of growth since 2013, Read More >

Recently, the giant British multinational facilities management and construction company Carillion recently faced compulsory liquidation- a court-based procedure through which company assets are realised for the benefit of creditors. A recent Read More >

In the latest in a series of extracts from America Inc: The 400-year history of American capitalism Bhu Srinivasan recounts how the transformation of American roads led to the development of department stores and the decay of cities. In the Read More >

Much like the world today, the period from 1870-1913 (known as the first era of globalisation) was marked by increased trade, significant cross-border financial flows, unrestricted migration and sophisticated financial markets. London was the Read More >

Above: The first page of the first set of printed accounts for University College, Oxford, from 1883 © The Master and Fellows of University College, Oxford Read part 1 of this series Read part 2 of this series In 1850 the quiet Read More >

Above: Extract for the 1680s from a register recording the payments of entry fines to University College, Oxford © The Master and Fellows of University College, Oxford Read part 1 of this series In the early sixteenth century Read More >

The interwar period witnessed an outstanding period of housing development - about 1.4 million houses were completed of which 865,000 or 62% were new dwellings in rural England and Wales. Amongst a wide range of factors supporting this boom, Read More >

The interwar period in Britain oversaw the boom in the housing sector which resulted in the construction of a significant three million houses. In my previous article I explained how it is this boom which, amongst other factors, has been Read More >

Housing, an essential human need, forms a key sector of the economy. It forms a crucial component of investment and in many countries, makes up a large component of overall wealth. Taking the case of the United States, Zhu (2014) noted that real Read More >


Investor's Notebook

Smart people from around the world share their thoughts

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The Macro View

Recent financial news and how it connects across all asset classes

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Fintech, proptech and what it all means

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A sideways look at the world of wine

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The Architect

Some of the profession's best minds

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Residential Investor

Making money from residential property investment

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The Professor

Analysis and opinion from the academic sphere

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Face to Face

In-depth interviews with leading figures in the real estate/investment world.

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The Headhunter

Recruitment and career moves

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The Analyst

Investment themes and trends

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The Historian

A look back at previous cycles, events, characters

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The Economist

Money, rates and prices

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Political Insider

The inside scoop on Washington, Westminster and Whitehall

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The Agent

Reflections on estate agency, today and in past times

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Alternative assets

Investing in tangible assets

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