Monthly Archives: June 2017

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    Even holding the same job title, men and women play different roles at work

Even holding the same job title, men and women play different roles at work

During the second half of the 20th century, our understanding was that one of the primary drivers of the gender wage-gap came from the type of careers that women chose to pursue. There was an assumption that as more women would enter the ranks of traditionally male occupations, we would observe a gradual decrease in the gap.

Thankfully, the gender […]

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    Time to acknowledge the role of consumers in responsible innovation

Time to acknowledge the role of consumers in responsible innovation

In light of multiple (social, economic, ecological) problems humanity is facing, it is no surprise that scholarly interest in responsible innovation (or responsible research and innovation) has gained momentum. In other words, more and more of our fellow ivory tower inhabitants are working on aligning research and innovation better with society’s needs, values, and problems (there is also an […]

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    Some tech devices try but fail to make us minimize our carbon footprint

Some tech devices try but fail to make us minimize our carbon footprint

For a couple of weeks now, I am the proud owner of a wireless wrist device that tracks my physical activity, heart rate and sleep. It gives me real-time feedback and nudges me towards a healthier behaviour. Along with the device comes an app that allows me to monitor my weight, calorie- and water intake. The app further provides a […]

The pharmaceutical industry is at risk from Brexit

Despite numerous debates about the impact of Brexit, the pharmaceutical industry seems to be less eye-catching than other sectors like the manufacturing supply chain and financial services. However, pharmaceuticals are one of the EU’s most important and fastest-growing industries, and they benefit greatly from EU integration.

The pharmaceutical sector in the EU has increased from €125 billion to €225 billion […]

Platform Capitalism – Book Review

Platform Capitalism. Nick Srnicek. Polity Press. 2017.

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How do we make sense of the rise of platform-based businesses that are increasingly monopolising the global economy? How did they grow and morph so rapidly? What are the consequences of this business trend? And are there any alternative possibilities as we contemplate a post-capitalist future?

Platform Capitalism addresses these questions through […]

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    Investment banks are already leaving London. Other jobs will follow

Investment banks are already leaving London. Other jobs will follow

In May 2017, new available jobs in London’s financial sector fell by 16% relative to the same period the previous year. And while Frankfurt and Dublin are emerging as the favourite destinations after Brexit in terms of attracting investment banking jobs, Warsaw is also becoming a destination. The announcements of actual or planned reassignments add up to a potential 17,000 jobs leaving London, out […]

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    It’s not that London is too big, but that other large UK cities are too small

It’s not that London is too big, but that other large UK cities are too small

The elections are barely behind us now, and we should keep asking the question, ‘What are the economic forces polarising the UK?’ A big part of the story concerns the geographical concentration of economic activity in London (and the South East). Is this concentration good for those who live or work in London but bad for those who don’t? […]

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    Gig economy: Disruption can bring benefits for workers and consumers

Gig economy: Disruption can bring benefits for workers and consumers

The world of work is being transformed, driven by rapid developments in technology, globalisation, and demographic change. Now, the concept of ‘employment’ itself seems to be increasingly past its sell-by date. A proliferation of new, online platforms has made access to paid work easier and more efficient than ever before by instantaneously connecting people who have work they need […]

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    Brexit will probably cause disruption in markets, but systemic risk is unlikely

Brexit will probably cause disruption in markets, but systemic risk is unlikely

With less than two years until Britain leaves the EU, the implications of Brexit for financial stability are of some concern. Two key central bankers have reached opposites conclusions, with Mark Carney worried and Mario Draghi more sanguine. Broadly in line with Draghi, we think Brexit should mostly decrease systemic risk, albeit with a potential for an increase.

Brexit will […]

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    To improve change management, the NHS needs to discard outdated models

To improve change management, the NHS needs to discard outdated models

Reacting to political, financial and societal pressures, the NHS is an ever-evolving organisation, with its staff experiencing change at an increasing rate. So common, change is now seen to be a fact of working life within the NHS and therefore change management a key aspect of any manager’s role.

When we talk about change management in the NHS, it is […]

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    Using third-party endorsements to build a brand’s reputation: The case of British chocolate

Using third-party endorsements to build a brand’s reputation: The case of British chocolate

Endorsement and certification of brands have hit the mainstream, being used by both small firms and large multinationals in multiple product categories. Even old established global brands, such as Cadbury Dairy and Kit Kat chocolate created by Quaker businesses, are being offered with a certification label – the Fairtrade label. But what purpose do these certification labels serve? Who […]

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    Regulating in the dark: the challenges of overseeing the secret services

Regulating in the dark: the challenges of overseeing the secret services

One of the most well-known principles in the canon of Jeremy Bentham’s writings on government is the general principle of transparency. All activities, according to Bentham, were to be made open so as to allow for external scrutiny. One sector, however, was exempted from this universal principle: the security or intelligence services. The reason for this exemption appears straightforward; […]

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    Nico Sell: ‘Stop giving away all your information for free on Facebook’

Nico Sell: ‘Stop giving away all your information for free on Facebook’

Nico Sell is part of a rare breed of Silicon Valley entrepreneurs who don’t practice ‘tech evangelism’. The co-founder of the encrypted messaging app Wickr and the Wickr Foundation is a fierce critic of current business models based on mining consumers’ private information. In 2015 she wrote an open letter to the UK’s then Prime Minister, David Cameron, complaining about […]

Compassionate capitalism: Lessons from medieval Cambridge

Contemporary businesses are frequently challenged to invest the profits from their commercial successes into projects that benefit society. Yet the idea that the pursuit of international competitiveness should also promote the common good is not a new one. It began as early as the medieval period!

England in the late thirteenth century had a dynamic economy. Legal advances created a […]

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    The Financial Diaries: How American Families Cope in a World of Uncertainty – Book Review

The Financial Diaries: How American Families Cope in a World of Uncertainty – Book Review

The Financial Diaries: How American Families Cope in a World of Uncertainty. Jonathan Morduch and Rachel Schneider. Princeton University Press. 2017.

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Political and media attention on the increasingly precarious nature of work has been fuelled by the high profile, often controversial, growth of the ‘gig economy’. Insecurity, however, runs deeper than recent changes to the labour market. For […]

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    The Conservative Manifesto: A hallucinatory celebration of the state

The Conservative Manifesto: A hallucinatory celebration of the state

“We need a state that is strong and strategic, nimble and responsive to the needs of people”. (p.8)

The 2017 Conservative Manifesto speaks highly of the state, and it speaks highly of the market. But even by the standards of enthusiasm in a political manifesto, this text operates in a fiction of archetypes. The juxtaposition of the manifesto’s celebration of […]

Managing risk in the age of disruption

The context of risk management and risk preparedness has changed in recent years.

Structural disruption

We are living through a period of multi-dimensional disruption that is often dubbed as the fourth industrial revolution. Developments in extreme connectivity and extreme automation have consequences beyond the world of technology: business models, industries, markets, regulatory, and governance regimes have been thrown into a flux. […]

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    What’s happening with real wages and living standards in the UK?

What’s happening with real wages and living standards in the UK?

As the election season progresses, an evaluation of the current labour market trends in the UK, and of possible future movements, is of significant importance is assessing the credibility of the parties’ manifesto proposals on work. This is particularly the case as, since the global financial crisis of 2007/08, workers’ real wages and family living standards in the UK […]

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    How the Bank of France increased liquidity at no fiscal risk in the 1800’s

How the Bank of France increased liquidity at no fiscal risk in the 1800’s

The last financial crises highlight the importance of operational procedures used by central banks to cool down financial distress. To fulfill their mandate of financial stability, central banks have always featured temporary extraordinary loans to previously ineligible financial intermediaries or to the purchases of new types of assets.

Critics of those policies insist central banks lack knowledge on their counterparties […]