Martin Wolf
Martin Wolf | |
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Alison Wolf |
Martin Harry Wolf
Early life
Wolf was born in London, in 1946. His father Edmund was an
In London, Edmund met Wolf's mother, aEducation
Wolf was educated at
Career
In 1971, Wolf joined the World Bank's young professionals programme, becoming a senior economist in 1974. By the start of the eighties, Wolf was deeply disillusioned with the Bank's policies undertaken under the direction of Robert McNamara: the Bank had been strongly pushing for increased capital flows to developing countries, which had resulted in many of them suffering debt crises by the early 1980s. Seeing the results of misjudged intervention by global authorities and also influenced from the early 1970s by various works critical of government intervention, such as Friedrich Hayek's The Road to Serfdom, Wolf shifted his views towards the right and the free market.[3][4]
Wolf left the World Bank in 1981, to become Director of Studies at the Trade Policy Research Centre, in London. He joined the Financial Times in 1987, where he has been associate editor since 1990 and chief economics commentator since 1996. Up until the late 2000s, Wolf was an influential advocate of
In addition to his journalism and participation in various international forums, Wolf had also attempted to influence opinion with his books; he has stated that his 2004 book, Why Globalization Works, was intended to be a persuasive work rather than an academic study. By 2008, Wolf had become disillusioned with theories promoting what he came to see excessive reliance on the private sector. While remaining a pragmatist free of binding commitments to any one ideology, Wolf's views partially shifted away from free market thinking back to the Keynesian ideas he had been taught while young.[3][4]
He became one of the more influential drivers of the
Between 2010 and 2011, Wolf served on the Independent Commission on Banking.[citation needed]
In 2012, Wolf stated in remarks for the Financial Times that
Views
Wolf maintained in December 2022 the government's failure to maintain real pay in the public sector had an adverse effect on recruitment and retention of staff. Since 2010 real average pay rose 5.5% in the private sector till September 2022, but fell 5.9% in the public sector. If it wanted to, the government could raise taxes to pay for pay rises. There were too few key public sector staff and their quality raised concerns. NHS England data "show a vacancy rate of 11.9 per cent as at September 30 2022 within the Registered Nursing staff group (47,496 vacancies). This is an increase from the same period in the previous year, when the vacancy rate was 10.5 per cent (39,931 vacancies)." Also too few teachers were recruited in subjects like physics or design & technology. Poor health damaged labour supply. Allowing inflation to bring real pay down and expecting services to maintain or improve standards was in Wolf's opinion "plainly dishonest." Wolf stated the government should keep public sector pay comparable with private sector pay particularly where there are noteworthy recruitment and retention issues.[9]
Awards and recognition
Wolf was joint winner of the Wincott Foundation senior prize for excellence in financial journalism in both 1989 and 1997. He won the RTZ David Watt memorial prize in 1994. In 2000. Wolf was awarded the
Wolf is a regular participant in the annual
Wolf is regarded as "staggeringly well connected" within financial circles.
Prospect magazine described him as "the Anglosphere's most influential finance journalist",[12] while economist Kenneth Rogoff has said, "He really is the premier financial and economics writer in the world".[3] In 2012, he received the Ischia International Journalism Award.
In 2019, Wolf received the Gerald Loeb Lifetime Achievement Award from the UCLA Anderson School of Management.[16]
Bibliography
- The Resistible Appeal of Fortress Europe (AEI Press 1994) ISBN 978-0-8447-3871-0
- ISBN 978-0-300-10252-9
- ISBN 978-0-8018-9048-2
- The Shifts and the Shocks: What We’ve Learned—and Have Still to Learn—from the Financial Crisis (Penguin Press 2014) ISBN 978-1594205446
- The Crisis of Democratic Capitalism (Allen Lane 2023) ISBN 978-0-2413-0341-2
References
- ^ "Wolf, Martin (Harry) 1946-". encyclopedia.com.
- ^ "Martin Wolf | Financial Times". www.ft.com. Retrieved 7 February 2023.
- ^ a b c d e f g h i j Julia Ioffe (16 September 2009). "Call of the Wolf". The New Republic. Retrieved 13 September 2010.
- ^ a b c d e "Martin Wolf – a biography of the chief economist commentator of the Financial Times and author of the book Why Globalization Works". 1 August 2004. Archived from the original on 15 January 2013. Retrieved 13 September 2010.
- ISBN 978-0-300-14277-8.
- ^ Philippe Legrain (23 March 2010). "Tax the ground they walk on". Prospect. Retrieved 1 September 2011.
- ^ "Martin Wolf verwacht chaos". De Standaard. 25 August 2012.
- ^ Wolf, Martin (14 April 2020). "The world economy is now collapsing". Financial Times. Archived from the original on 11 December 2022. Retrieved 15 April 2020.
- ^ The UK government’s policy on public sector pay is foolish Financial Times
- ^ "Patron Saint's Day Honorary Doctors". KU Leuven. Retrieved 2 February 2018.
- The Financial Times. Archivedfrom the original on 11 December 2022. Retrieved 18 September 2010.
- ^ a b "Prospect's top 100 intellectuals 2009". Prospect. 2009. Archived from the original on 30 September 2009. Retrieved 13 September 2010.
- ^ "Foreign Policy Magazine's top 100 global thinkers 2011". Foreign Policy. December 2011. Archived from the original on 9 June 2012. Retrieved 5 December 2011.
- The Levin Institute. 2009. Archived from the originalon 27 July 2011. Retrieved 13 September 2010.
- New York Times. 2012. Retrieved 30 July 2012.
- ^ Trounson, Rebecca (28 June 2019). "UCLA Anderson School of Management Announces 2019 Gerald Loeb Award Winners". PR Newswire (Press release). UCLA Anderson School of Management. Retrieved 2 October 2019.
External links
Media related to Martin Wolf at Wikimedia Commons