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The Scots will gripe but even so, let there be light

Professor Youngson delivered my first course in economics at nine in the morning in the David Hume Tower at the University of Edinburgh. I walked to his lectures in the dark. My student days coincided with a three-year experiment in which British Summer Time was extended to the whole year.

When I returned home, the news bulletins would regularly begin with reports of injuries to children: the carnage on Scottish roads was emptying its schools as it filled its hospitals. Only after a few months did data on road accidents become available, and the results were unequivocal: the number had fallen.

There were indeed more injuries in the darker mornings, but that was offset by a larger reduction in accidents in the lighter afternoons. “The whining schoolboy with his satchel and shining morning face” may go unwillingly to school, but Shakespeare was probably wrong to think he creeps like a snail. He hurries because he is late and is more likely to be injured on his dilatory journey home.

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約翰•凱

約翰•凱(John Kay)從1995年開始爲英國《金融時報》撰寫經濟和商業的專欄。他曾經任教於倫敦商學院和牛津大學。目前他在倫敦經濟學院擔任訪問學者。他有著非常輝煌的從商經歷,曾經創辦和壯大了一家諮詢公司,然後將其轉售。約翰•凱著述甚豐,其中包括《企業成功的基礎》(Foundations of Corporate Success, 1993)、《市場的真相》(The Truth about Markets, 2003)和近期的《金融投資指南》(The Long and the Short of It: finance and investment for normally intelligent people who are not in the industry)。

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