Anatole Kaletsky
Encyclopedia
Anatole Kaletsky is a journalist
and economist
based in the United Kingdom
. He is Editor-at-Large and Principal Economic Commentator of The Times
, where he writes a thrice-fortnightly column on economics
, politics
and financial markets.
He was named Newspaper Commentator of the Year in the BBC
’s What the Papers Say awards for 1996. He has twice received the British Press Award
for Specialist Writer of the Year, has won the Wincott Award for economic journalism administered by the Institute of Economic Affairs
, and the First Cernobbio-Europe prize.
He has been an economic consultant since 1997, providing policy analysis and asset allocation advice to financial institutions, multinational companies and international organisations through his company, GaveKal, which is co-run with Louis and Charles Gave. He was elected to the governing Council of the Royal Economic Society
in 1998.
Mr Kaletsky was born in 1952 in Moscow
, USSR and also spent his childhood in Poland
and Australia
. He has lived in England and the US since 1966. Mr Kaletsky was educated at King's College
at the University of Cambridge
where he graduated with a first class honours degree in Mathematics
and at Harvard University
, where he was a Kennedy Memorial Scholar and gained a master's degree in Economics. He is married to Fiona Murphy, a documentary film producer and they have two sons, Misha and Sasha, and one daughter, Kitty. In 1976 he joined The Economist
, writing about business
and finance
. Three years later he moved to the Financial Times
, working in a variety of posts including New York Bureau Chief, Washington Correspondent, International Economics Correspondent and Moscow Correspondent.
Beginning in 1990 he was Economics Editor of The Times
, responsible for all economic news and analysis, and resigning in 1996 to create his consultancy practice. He is the paper’s principal commentator on economic and financial affairs, and is now Editor-at-Large writing for The Times Comment pages on Thursdays and for the Times Business section on alternate Mondays. Like many economists, his predictions have surpassed by subsequent events, and this tendency was noted by the satirical magazine Private Eye
. For example, Kaletsky wrote, "… I am one of the few economic commentators who has consistently made light of the anxieties about a “day of reckoning” for British homeowners and consumers …"
In 2010, Kaletsky suggested the emergence of a new form of capitalism, which he calls Capitalism 4.0. The book's writing was primarily influenced by the subprime mortgage crises of 2007 to 2009; and draws upon the pattern or the fallibility of capitalism. In his book Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis, Kaletsky suggests that capitalism is "not a static set of institutions but an evolutionary system that reinvents and reinvigorates itself through crisis."
Journalist
A journalist collects and distributes news and other information. A journalist's work is referred to as journalism.A reporter is a type of journalist who researchs, writes, and reports on information to be presented in mass media, including print media , electronic media , and digital media A...
and economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
based in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. He is Editor-at-Large and Principal Economic Commentator of The Times
The Times
The Times is a British daily national newspaper, first published in London in 1785 under the title The Daily Universal Register . The Times and its sister paper The Sunday Times are published by Times Newspapers Limited, a subsidiary since 1981 of News International...
, where he writes a thrice-fortnightly column on economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
, politics
Politics
Politics is a process by which groups of people make collective decisions. The term is generally applied to the art or science of running governmental or state affairs, including behavior within civil governments, but also applies to institutions, fields, and special interest groups such as the...
and financial markets.
He was named Newspaper Commentator of the Year in the BBC
BBC
The British Broadcasting Corporation is a British public service broadcaster. Its headquarters is at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff...
’s What the Papers Say awards for 1996. He has twice received the British Press Award
British Press Awards
The British Press Awards is an annual ceremony that celebrates the best of British journalism. Established in the 1970s, honours are voted on by a panel of journalists and newspaper executives...
for Specialist Writer of the Year, has won the Wincott Award for economic journalism administered by the Institute of Economic Affairs
Institute of Economic Affairs
The Institute of Economic Affairs , founded in 1955, styles itself the UK's pre-eminent free-market think-tank. Its mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social...
, and the First Cernobbio-Europe prize.
He has been an economic consultant since 1997, providing policy analysis and asset allocation advice to financial institutions, multinational companies and international organisations through his company, GaveKal, which is co-run with Louis and Charles Gave. He was elected to the governing Council of the Royal Economic Society
Royal Economic Society
The Royal Economic Society is incorporated by a Royal Charter dated 2 December 1902. It is one of the oldest economic associations in the world. Currently it has over 3,300 individual members, of whom 60% live outside the United Kingdom...
in 1998.
Mr Kaletsky was born in 1952 in Moscow
Moscow
Moscow is the capital, the most populous city, and the most populous federal subject of Russia. The city is a major political, economic, cultural, scientific, religious, financial, educational, and transportation centre of Russia and the continent...
, USSR and also spent his childhood in Poland
Poland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
and Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
. He has lived in England and the US since 1966. Mr Kaletsky was educated at King's College
King's College, Cambridge
King's College is a constituent college of the University of Cambridge, England. The college's full name is "The King's College of our Lady and Saint Nicholas in Cambridge", but it is usually referred to simply as "King's" within the University....
at the University of Cambridge
University of Cambridge
The University of Cambridge is a public research university located in Cambridge, United Kingdom. It is the second-oldest university in both the United Kingdom and the English-speaking world , and the seventh-oldest globally...
where he graduated with a first class honours degree in Mathematics
Mathematics
Mathematics is the study of quantity, space, structure, and change. Mathematicians seek out patterns and formulate new conjectures. Mathematicians resolve the truth or falsity of conjectures by mathematical proofs, which are arguments sufficient to convince other mathematicians of their validity...
and at Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
, where he was a Kennedy Memorial Scholar and gained a master's degree in Economics. He is married to Fiona Murphy, a documentary film producer and they have two sons, Misha and Sasha, and one daughter, Kitty. In 1976 he joined The Economist
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
, writing about business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
and finance
Finance
"Finance" is often defined simply as the management of money or “funds” management Modern finance, however, is a family of business activity that includes the origination, marketing, and management of cash and money surrogates through a variety of capital accounts, instruments, and markets created...
. Three years later he moved to the Financial Times
Financial Times
The Financial Times is an international business newspaper. It is a morning daily newspaper published in London and printed in 24 cities around the world. Its primary rival is the Wall Street Journal, published in New York City....
, working in a variety of posts including New York Bureau Chief, Washington Correspondent, International Economics Correspondent and Moscow Correspondent.
Beginning in 1990 he was Economics Editor of The Times
The Times
The Times is a British daily national newspaper, first published in London in 1785 under the title The Daily Universal Register . The Times and its sister paper The Sunday Times are published by Times Newspapers Limited, a subsidiary since 1981 of News International...
, responsible for all economic news and analysis, and resigning in 1996 to create his consultancy practice. He is the paper’s principal commentator on economic and financial affairs, and is now Editor-at-Large writing for The Times Comment pages on Thursdays and for the Times Business section on alternate Mondays. Like many economists, his predictions have surpassed by subsequent events, and this tendency was noted by the satirical magazine Private Eye
Private Eye
Private Eye is a fortnightly British satirical and current affairs magazine, edited by Ian Hislop.Since its first publication in 1961, Private Eye has been a prominent critic and lampooner of public figures and entities that it deemed guilty of any of the sins of incompetence, inefficiency,...
. For example, Kaletsky wrote, "… I am one of the few economic commentators who has consistently made light of the anxieties about a “day of reckoning” for British homeowners and consumers …"
In 2010, Kaletsky suggested the emergence of a new form of capitalism, which he calls Capitalism 4.0. The book's writing was primarily influenced by the subprime mortgage crises of 2007 to 2009; and draws upon the pattern or the fallibility of capitalism. In his book Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis, Kaletsky suggests that capitalism is "not a static set of institutions but an evolutionary system that reinvents and reinvigorates itself through crisis."
External links
- Times Online - Anatole Kaletsky column archives