The Economics of the Stock Market

Date: June 28, 2022
Time: 12:35 pm
Location: El Vino, 30 New Bridge Street London, EC4V 6BJ

On Tuesday 28th June, we welcome the distinguished economist and commentator Andrew Smithers to speak on the subject of his latest book, The Economics of the Stock Market.

Andrew Smithers founded Smithers & Co in 1989. Before that he ran S G Warburg’s successful asset management business for many years (now part of BlackRock). A regular financial commentator and columnist, and author of many academic publications, he co-authored Valuing Wall Street with Stephen Wright (published March 2000). He wrote Wall Street Revalued: Imperfect Markets and Inept Central Bankers (published July 2009), and is also the author of Chapter 6, “Can We Identify Bubbles and Stabilize the System?” in The Future of Finance, published by the LSE in September, 2010.

His book The Road to Recovery: How and Why Economic Policy Must Change was published in Sept 2013 and another, Productivity and the Bonus Culture, was published in July 2019. A more technical critique on consensus growth theory and an explanation of his suggested alternative has also been published in World Economics • Vol. 20 • No. 2 • April–June 2019 under the title “The NTV Model for Total Factor Productivity”.

His latest book, entitles The economics of the Stock Market ( was released in March 2022.