What happens when an experienced economist and an English literature expert have a proper conversation? Quite a lot as it turns out. Morton Schapiro and Saul Morson have written an outstanding book on what economists can learn from the humanities. They argue that Adam Smith’s heirs include Jane Austen, Anton Chekhov and Leo Tolstoy – and that economists need a richer appreciation of behaviour, ethics, culture, and narrative – all of which the great writers teach better than anyone. Russell Napier joins the duo in conversation.

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Personal finance is the theme of this episode as we hear from two friends of the Library of Mistakes deeply committed to making financial understanding more accessible – particularly to younger people.
Iona Bain has made her name as a supporter of millennials striving to make the most of their finances, and is the resident money expert on BBC One's Morning Live. Originally from Edinburgh, she has also taken part in a series of videos with Russell Napier promoting the Library.
We also hear from Michael Gilmore, a Singapore-based fund manager who became so frustrated at the reluctance of the finance profession to share the basics of money awareness with younger people that he founded the global Money Awareness and Inclusion Awards.
Our trio of guests is completed by our regular chat with David Clarke, CEO of the charity Didasko which, as well as running the Library of Mistakes, supports two valuable financial inclusivity projects – Future Asset and Leavers' Money Skills.
This episode is presented by Leila Johnston and Fraser Allen. Do drop us a line at [email protected] or [email protected].
For more information on our guests, see: ionajbain.co.uk & www.maiawards.org
Photo credit for image of Iona: Grace Elise

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The CEOs of Britain's largest companies wield immense power, but we know very little about them. How did they get to the top? And how have they changed over the past 100+ years? Join Russell Napier in a fascinating conversation with Michael Aldous & John Turner, authors of The CEO: The Rise and Fall of Britain's Captains of Industry.
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Fraser Allen and Leila Johnston are back with a summer episode exploring life behind the scenes at the Library of Mistakes.
Looking to the northern shores of Lake Geneva, Fraser interviews Boris Zhilin, the investment expert who has established a Library of Mistakes in Lausanne. Boris tells us about his career journey from growing up in the former Soviet Union to Syrcuse University, Bear Sterns and then life in Switzerland.
Meanwhile, Leila asks our Edinburgh Librarian Helen Williams for summer reading recommendations, while CEO David Clarke updates us on upcoming events.
Any feedback or ideas? Please do get in touch with [email protected] or [email protected]

In conversation with Emma Horgan, Russell Napier explores the Irish Bank Strike of 1966, which resulted in shopkeepers and publicans stepping in to keep the economy ticking over as unofficial bankers. What can this extraordinary episode teach us about economics, human resilience – and how we might be able to cope in the event of a huge fintech failure? Emma is the co-author of a paper on the strike, with Dr Sean Kenny and Dr Jason Leonard. If you would like a working copy, please contact Emma at [email protected].

In our latest, behind-the-scenes look at the Library of Mistakes, Leila Johnston joins author and journalist Ray Perman on the streets of Edinburgh, as they explore the Library of Mistakes walking tour, Money Talks, Money Walks. Join them to discover lots of fascinating nuggets about the financial history of Scotland's capital city. Meanwhile, Fraser Allen catches up with David Clarke and Helen Williams to find out what is coming up at the library – and which books make useful companions to our Practical History of Financial Markets course.
Any comments, feedback or ideas? Please do get in touch:
[email protected]
[email protected]

Russell Napier invites Duncan Mavin back for a second appearance on the podcast – this time to discuss his recent book on Credit Suisse. Their fascinating discussion explores how decades of a rotten corporate culture dating back to WWII developed into the scandals and reputational disasters that eventually brought the Swiss bank down.

Fraser Allen and Leila Johnston take you behind the scenes at the Library of Mistakes once more. This month we hear from the brilliant behavioural finance expert Herman Brodie, discover the colourful back story of Didasko CEO David Clarke, and find out more about the library itself with Lauren Hotson and Helen Williams.
If you have any queries about hiring the Library as a venue, simply email Lauren at [email protected] or visit www.libraryofmistakes.com – where you can also find out about our Practical History of Financial Markets course.
And to provide any feedback regarding the podcast, ask questions or make suggestions, please email [email protected] or [email protected].

Leila Johnston and Fraser Allen are back to take you behind the scenes at the Library of Mistakes. And in this packed episode we...
•Hear from theatre director and actor Liam Rees about his show The Land That Never Was. It's based on the adventures of 19th century Scottish conman Gregor MacGregor, who sold bonds on behalf of a South American country that was a figment of his imagination!
•Explore what happened at the Weekend of Mistakes in Hay-on-Wye (including clips from speakers).
•Chat to the team behind Leavers' Money Skills, helping Scottish school-leavers to cope with the life of finance ahead of them.
•And our Librarian Helen Williams discusses our books on Russia, Putin and Trump!

If you have any feedback, ideas or can name the song briefly alluded to at the end of this episode (and the band that originally sung it) – you could win a Library of Mistakes mug! – simply email [email protected] or [email protected]

Russell Napier enjoys a fascinating chat with Mauricio Drelichman who (together with Hans Joachim-Voth) is the author of Lending to the Borrower from Hell: Debt, Taxes, and Default in the Age of Philip II. Together, they explore how this account of the freely-defaulting 16th century King of Spain changes our perceptions of financial history.