Davies, who attends John Beddoes School at Presteigne, has had special permission from headmaster John Stocker to take time off.

BBC: Chaz Davies in action on board his Aprilla 125cc

Mr Mallaby, who is married to The Economist's economics editor, Zanny Minton-Beddoes, goes on to argue that hedge funds may provide a template for the wider financial sector.

ECONOMIST: Learning and learning