Monthly Archives: November 2017

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    Ensuring free movement of data after Brexit is crucial, but looks unlikely at the moment

Ensuring free movement of data after Brexit is crucial, but looks unlikely at the moment

Data protection has been high on Parliament’s agenda, with the Data Protection Bill, intended to bring UK law in line with the EU’s GDPR – General Data Protection Regulation – making its way through both Houses, and the House of Commons holding a debate on “Exiting the European Union and Data Protection”. The government has produced a “Future Partnership Paper” on the exchange and protection […]

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    FTSE100 gender balance: Why ‘best practices’ may be counter-productive

FTSE100 gender balance: Why ‘best practices’ may be counter-productive

The 2017 Hampton-Alexander Review was released this month, charged with improving gender balance in the leadership of companies represented in the FTSE index. It celebrates that female representation in the boardrooms of the FTSE100 has risen from 12.5 per cent in 2011 to 27.7 per cent today, but it also laments stalling progress and issues a rallying cry for […]

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    Bubbles and crashes: A vicious cycle of self-fulfilling investor sentiment

Bubbles and crashes: A vicious cycle of self-fulfilling investor sentiment

What causes financial bubbles? Before the 2008 crisis, this question was often neglected, but after the recent meltdown of the global financial market, it has attracted renewed attention among academics and policy-makers.

Before the crisis, the majority of economists assumed that investors trade financial assets at the so-called fundamental price, which reflects the “real” economic value of companies. In fact […]

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    Economists used to think that it doesn’t matter whom you tax, but it does

Economists used to think that it doesn’t matter whom you tax, but it does

In most countries employers and employees both contribute to the taxes (or social security contributions) levied on labour. Employers pay taxes on top of the wage they transfer to employees and employees pay income taxes on the money they receive from employers. For many decades, economists thought that it should not matter who pays. Employers were thought to care […]

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    Don’t curse the inflow of emails: It can help you do your job better

Don’t curse the inflow of emails: It can help you do your job better

Do you find yourself becoming frustrated because you keep getting bombarded with email at work? Do you think that email is not really interruptive because it is you who decides when — and whether —to read and respond to your incoming emails? But do you also find that while this might be true in theory, you often can’t help […]

Simulating shared mobility in Helsinki

New types of ride-sharing services offered by companies like Uber, Lyft and Cabify have been gaining ground in recent years, especially in urban areas. The conflation of technology, both within and outside of the transport sector, with evolving societal trends around the production and consumption of services has been faster than anticipated by many authorities and has outpaced the […]

Work, joblessness and what they mean for our happiness

Since most of us spend much of our lives working, it is inevitable that work plays a key role in shaping our levels of happiness. In a chapter of the World Happiness Report 2017 – which is published annually to coincide with the United Nations’ International Day of Happiness – we look more closely at the relationship between work […]

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    Fossil Capital: The Rise of Steam Power and the Roots of Global Warming – Book Review

Fossil Capital: The Rise of Steam Power and the Roots of Global Warming – Book Review

Find this book: 

Fossil Capital: The Rise of Steam Power and the Roots of Global Warming. Andreas Malm. Verso. 2016.

In this bold, original and provocative book, Andreas Malm offers a radical reinterpretation of the origins of the steam age as means to challenge conventional analyses of global warming. He aims to develop a Marxist account of climate change that emphasises […]

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    To get its forecasts right, the BoE should publish its own future rate path again

To get its forecasts right, the BoE should publish its own future rate path again

It was widely expected and indeed happened. The Bank of England’s Monetary Policy Committee (MPC) decided, by a 7-2 majority, to raise (for the first time in 10 years) its policy rate from 0.25% to 0.5%. Yet, financial markets appear not to have taken seriously either the hike or the MPC’s additional message that (at least) two further interest […]

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    Dockworkers and the introduction of containers in UK shipping in the late 1960’s

Dockworkers and the introduction of containers in UK shipping in the late 1960’s

The introduction of containers in UK shipping in the late 1960s suddenly and profoundly changed the labour market for dock workers. Containers require far fewer workers to load and unload cargo, and therefore they greatly reduced the employment of dock-workers (also known as stevedores or longshoremen).

Containerisation had other impacts on UK ports as well. Port activity became much more concentrated […]

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    Naming a firm after its owner is risky, but can pay off handsomely

Naming a firm after its owner is risky, but can pay off handsomely

There’s one choice every business, large and small, must make: what to name itself. It appears that more talented and confident entrepreneurs are more likely to name their firms after themselves, self-selecting into a group taking a risky approach, but one that can pay off handsomely.

We found entrepreneurs who name their firms after themselves are sending a powerful signal […]

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    Transitioning video and TV to the Internet: Policy and regulation must be updated

Transitioning video and TV to the Internet: Policy and regulation must be updated

Digitally driven disruption is taking place at a rapid rate and within an unexpectedly wide range of industry verticals, including media and transportation markets. A clear example of this trend is occurring in the media market, where the increasing number of live TV over-the-top (OTT) offers (streaming media via the Internet) is accelerating a transformation of how video and […]

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    Social media echo chambers create serious issues for organisations

Social media echo chambers create serious issues for organisations

Recent political events such as Brexit and the election of Donald Trump have taken political pundits and observers by surprise. How could these things have happened? One explanation offered is that we are increasingly living in bubbles of like-minded people that limit our ability to understand other points of view. These bubbles are a result of the “micro-targeting” of […]

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    Diamond Light Source and its impact on the UK geographical distribution of science

Diamond Light Source and its impact on the UK geographical distribution of science

Big scientific research facilities like the UK’s Diamond Light Source, a third generation synchrotron (circular particle accelerator), benefit scientists located nearby significantly more than scientists located further away. According to our research, the highly localised effects of scientific infrastructure on research productivity extend even to scientists that do not rely on the facilities directly for their work.

Since scientific facilities often cannot […]

Would you choose to be happy?

This might initially sound like a silly question. I mean, who would choose not to be happy? Well, no one, if it was an easy choice between happiness and misery. But what if it was a harder choice between happiness and wealth? Or happiness and health? What then? The study reported in this blog post sought to find out.

We now […]

Dark web: The economics of online drugs markets

Like many other consumer transactions, the buying and selling of drugs are increasingly moving online. This is one very visible dimension of cybercrime – and it has been receiving growing attention from researchers as the online drugs markets have expanded rapidly.

A key feature of online drugs platforms is that they are located on the so-called ‘dark web’, which is […]

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    How large companies can adopt lean thinking in research and development

How large companies can adopt lean thinking in research and development

The principle of lean innovation — fail early, fail cheap and learn fast — is gaining momentum in large companies. Gartner estimates that by 2021, more than 50 per cent of established corporations will be leveraging lean startup techniques at the business level to increase the pace and success of business transformation This is even more pressing in research-intensive […]

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    How Economics Professors Can Stop Failing Us: The Discipline at a Crossroads – Book Review

How Economics Professors Can Stop Failing Us: The Discipline at a Crossroads – Book Review

Find this book: 

How Economics Professors Can Stop Failing Us: The Discipline at a Crossroads. Steven Payson. Lexington Books. 2017.

The academic discipline of economics has been subject to a growing level of criticism, from both within and outside the academy. Often led by students, the criticisms of economists and their ideas are myriad and frequently related to their perceived position […]

UK inflation has been rising fast since the Brexit vote

 The pattern of significantly higher price inflation is shown in Figure 1. This plots the annual consumer price index (CPI) before and after the Brexit vote, comparing the UK with what has happened in the 19 Eurozone countries. To a large extent, the CPI growth rates of both the UK and Eurozone move together, with both being driven by […]

November 4th, 2017|Josh De Lyon|0 Comments|

Applying blockchain technology to online reviews

The same technological innovations that are fueling changes in the financial and a few other sectors are prepared to provide solutions in many other areas. Blockchain, the technology behind everything from new payment systems and document storage to voter registration and academic credentials verification, is emerging as a disruptive system that replaces centralized servers with a decentralized network that is more […]

November 3rd, 2017|Chelsea Lam, Leaders|1 Comment|