Click here for a post by J. Bradford DeLong, where he argues that too much finance can be bad for economic growth. Although I might have a vested interest in making a counter argument, I actually believe that Brad DeLong might be correct. For sure, financial deepening has been an important driver of economic growth over the past two centuries (see here and here), but maybe the relationship between financial development and economic growth is an inverted U shaped and we are now on a downwards slope!
Michael Aldous and I had our book The CEO: The Rise and Fall of Britain's Captains of Industry published a few weeks ago. You can find out more about it and buy it at Cambridge University Press's website . It is also available at Amazon , Waterstones , and Barnes & Noble . The CEO has already been reviewed in The Sunday Times , The Observer and Financial Times .