Patrick Foulis writes the Schumpeter column for the The Economist, covering global business, finance and economics.
Between 2014-18 Patrick was New York Bureau Chief and for part of that time, 2014-17, he was also US Business Editor. Patrick joined The Economist in 2008. Before moving to New York he set up a new editorial bureau for The Economist in Mumbai, where he was based for four years as India Business Editor. Prior to that he was Banking Editor and Finance Correspondent.
Patrick has written extensively on the global financial crisis, the eurozone, business and finance in Asia and international corporations. He is the author of The Economist‘s special reports on the world economy, business in Asia, business in India and banking in emerging markets. He and four colleagues won a Gerald Loeb Award in 2012 for the Economist’s coverage of the eurozone crisis.
Before joining Patrick worked at the Financial Times, where he was deputy editor of the Lex Column, and as a sell-side analyst in London, mainly on UBS Warburg’s number-one ranked European telecoms team. Patrick graduated with a double first class degree in social and political sciences from Cambridge University and was born in Scotland.
Recent Articles
Schumpeter: Big Tech's sell-off. Nov. 2018
Schumpeter: Bosses' public blunders. Oct. 2018
Schumpeter: Life as you know it is IPOver. July 2018
Schumpeter: History's biggest firms. July 2018
Schumpeter: Canaries in the coal mine. June 2018
Schumpeter: Getting a handle on a scandal. March 2018
Schumpeter: Corporate citizens of somewhere. March 2018
Schumpeter: The Santander experiment. Feb. 2018
Schumpeter: BlackRock v Blackstone. Jan. 2018
Schumpeter: The Santa clause. Dec. 2017
Schumpeter: Goldman Sags. Oct. 2017
Schumpeter: Who's afraid of disruption? Sept. 2017
Schumpeter: The parable of St Paul. August 2017
Schumpeter: The United States of debt. July 2017
Schumpeter: How to Trump-proof your company. July 2017
Schumpeter: Tech firms hoard huge cash piles. June 2017
Tata Group. Ratantrum, Nov. 2016
American business. Meet the new boss, Nov. 2016
Private equity. Float like a butterfly, Oct. 2016
Elon Musk's empire. Countdown, Oct. 2016
Donald Trump's finances. Touching the void, Sept. 2016
Housing market. Nightmare on Main Street, Aug. 2016
Housing market. Comradely capitalism, Aug. 2016
Schumpeter. The two faces of USA Inc, July 2016
Europe v America. From clout to rout, July 2016
Developing economies. The long road, June 2016
Corporate propaganda. Sweet little lies, April 2016
Taxing America Inc, Pfiasco, April 2016
Shareholder value. Analyse this, April 2016
Profits are too high. Too much of a good thing, March 2016
The problem with profits, March 2016
He who would Valeant be, March 2016
What companies will invest in this year, Jan. 2016
The sticky superpower (PDF of entire report), Oct. 2015
The financial crisis of 2023, Oct. 2015
Comparing the 1930s to the 2010s, Oct. 2015
The shale industry in crisis, July 2015
Leader on the shale industry, July 2015
Quantifying tax breaks on debt, May 2015
Corporate cocaine: share buybacks. Sept. 2014