Anatole Kaletsky
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Anatole Kaletsky (born 1 June 1952) is an
economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...
and
journalist A journalist is an individual that collects/gathers information in form of text, audio, or pictures, processes them into a news-worthy form, and disseminates it to the public. The act or process mainly done by the journalist is called journalism ...
based in the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
. He has written since 1976 for ''
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
'', ''
The Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikk ...
'' and ''
The Times ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (fou ...
of London'' before joining
Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...
and ''
The International Herald Tribune ''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the m ...
'' in 2012. He has been named Newspaper Commentator of the Year in the
BBC #REDIRECT BBC #REDIRECT BBC Here i going to introduce about the best teacher of my life b BALAJI sir. He is the precious gift that I got befor 2yrs . How has helped and thought all the concept and made my success in the 10th board exam. ...
...
's ''
What the Papers Say ''What The Papers Say'' is a British radio and television series. It consists of quotations from headlines and comment pages in the previous week's newspapers, read in a variety of voices and accents by actors. The quotes are linked by a scri ...
'' awards, and has twice received the
British Press Award British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...
for Specialist Writer of the Year. Kaletsky has been an economic consultant since 1997, providing policy analysis and asset allocation advice to over 800 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 The Royal Economic Society (RES) is a professional association that promotes the study of economic science in academia, government service, banking, industry, and public affairs. Originally established in 1890 as the British Economic Association, ...
in 1998.


Early life

Kaletsky was born in 1952 in
Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...
,
USSR The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen nationa ...
and also spent his childhood in
Poland Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous ...
and
Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
. He has lived in
England England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe b ...
and the US since 1966.


Education

Kaletsky was educated at
Westminster City School Westminster City School is a state-funded secondary academy for boys, with a mixed sixth form, in Westminster, London. The school educates over 800 students, with links to more than 100 different cultures, in a central London location. The sch ...
, at that time a grammar school in the
City of Westminster The City of Westminster is a City status in the United Kingdom, city and London boroughs, borough in Inner London. It is the site of the United Kingdom's Houses of Parliament and much of the British government. It occupies a large area of cent ...
in central London, followed by King's College,
Cambridge Cambridge ( ) is a university city and the county town in Cambridgeshire, England. It is located on the River Cam approximately north of London. As of the 2021 United Kingdom census, the population of Cambridge was 145,700. Cambridge bec ...
, where he graduated with a first class honours degree in
Mathematics Mathematics is an area of knowledge that includes the topics of numbers, formulas and related structures, shapes and the spaces in which they are contained, and quantities and their changes. These topics are represented in modern mathematics ...
, and then at
Harvard Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...
, where he was a Kennedy Memorial Scholar and gained a master's degree in economics.


Life and career

In 1976, Kaletsky joined ''
The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...
'', writing about
business Business is the practice of making one's living or making money by producing or Trade, buying and selling Product (business), products (such as goods and Service (economics), services). It is also "any activity or enterprise entered into for pr ...
and
finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...
. Three years later he moved to the ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...
'', working in a variety of posts including New York Bureau Chief, Washington Correspondent, International Economics Correspondent and Moscow Correspondent. Beginning in 1990, Kaletsky was Economics Editor of ''
The Times ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (fou ...
'', and later became Editor-at-Large. In early 2012, Kaletsky began his new post, in the Analysis and Opinion section of the Reuters online newspaper, where he wrote a weekly column. His articles also appeared in print around the world in the International New York Times. Since early 2015, Kaletsky has been writing for
Project Syndicate Project Syndicate is an international media organization that publishes and syndicates commentary and analysis on a variety of global topics. All opinion pieces are published on the ''Project Syndicate'' website, but are also distributed to a wi ...
and
Prospect Magazine ''Prospect'' is a monthly British general-interest magazine, specialising in politics, economics and current affairs. Topics covered include British and other European, and US politics, social issues, art, literature, cinema, science, the medi ...
. He was a full-time journalist for ''The Times,'' ''The Economist,'' and the ''Financial Times'' from 1976 to 1998. He was named Newspaper Commentator of the Year, Economic Journalist of the Year, European Journalist of the Year and Specialist Writer of the Year. By 2012 he was writing a column for ''
The Times of London ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (fo ...
'' and serving as editor at large, joining as an economics editor in 1990. In 2012, Kaletsky left the ''
Times of London ''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (fo ...
'' to become a
Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...
columnist. 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. He published the "controversial" book ''Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis'' in 2011, putting the 2007 to 2009 recession into "historical and ideological perspective." In 2012, Kaletsky was appointed Chairman of the
Institute for New Economic Thinking The Institute for New Economic Thinking (INET) is a New York City–based nonprofit think tank. It was founded in October 2009 as a result of the 2007–2012 global financial crisis, and runs a variety of affiliated programs at major universitie ...
, a foundation established after the 2008 financial crisis with $200 million of grants from
George Soros George Soros ( name written in eastern order), (born György Schwartz, August 12, 1930) is a Hungarian-American businessman and philanthropist. , he had a net worth of US$8.6 billion, Note that this site is updated daily. having donated mo ...
,
Paul Volcker Paul Adolph Volcker Jr. (September 5, 1927 – December 8, 2019) was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman, Volcker was widely credited with having ended the ...
, William Janeway,
Jim Balsillie James Laurence Balsillie (born February 3, 1961) is a Canadian businessman and philanthropist. He is the former Chair and co- CEO of the Canadian technology company Research In Motion (Blackberry), which at its prime made over $20B in sales annu ...
and other financiers. INET was set up post-crisis to challenge the mainstream assumptions in contemporary economic research. On his
Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...
' blog, Kaletsky appealed several times to the central banks to do "
quantitative easing Quantitative easing (QE) is a monetary policy action whereby a central bank purchases predetermined amounts of government bonds or other financial assets in order to stimulate economic activity. Quantitative easing is a novel form of monetary pol ...
for the people". This solution would consist in enabling central banks to create debt-free money and inject it into the economy through direct
cash transfers A cash transfer is a direct transfer payment of money to an eligible person. Cash transfers are either unconditional cash transfers or conditional cash transfers. They may be provided by organisations funded by private donors, or a local or re ...
to the citizens (i.e.
helicopter money Helicopter money is a proposed unconventional monetary policy, sometimes suggested as an alternative to quantitative easing (QE) when the economy is in a liquidity trap (when interest rates near zero and the economy remains in recession). Althoug ...
), instead of injecting money through the banking system. Kaletsky claims this radical solution "may be another idea whose time has come". As China experienced a period of stock market turbulence in the summer of 2015 worsened by "economic weakness, financial panic, and the policy response to these problems," Kalestsky disagreed with those who claimed that China was the "global economy’s weakest link." He claimed that "weak economic data leads to financial turmoil, which induces policy blunders that in turn fuel more financial panic, economic weakness, and policy mistakes." In Project Syndicate in February 2016, Kaletsky confidently but incorrectly predicted that Britain would not vote to leave the
European Union The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...
. In March 2020, he spoke at the Investment Week Funds to Watch conference, talking about projected effects of coronavirus. He is a board member of the organization
Best for Britain Best for Britain is a civil society campaign, launched on 26 April 2017, to stop Brexit and continue the UK's membership of the European Union (EU). Since 2021, the organisation's aim has changed to encourage greater internationalism rather tha ...
. He continues to write for the ''Business Times.''


Personal life

Kaletsky is married to Fiona Murphy, a documentary film producer, and they have three children: Kitty, Misha, and Sasha.


References


KALETSKY, Anatole
International Who's Who. accessed 4 September 2006.


External links


Times Online – Anatole Kaletsky
column archives
Reuters' Kaletsky blog
{{DEFAULTSORT:Kaletsky, Anatole 1952 births People educated at Westminster City School Soviet emigrants to the United Kingdom Living people British male journalists Alumni of King's College, Cambridge Harvard University alumni Kennedy Scholarships The Times people Institute for New Economic Thinking