Business History

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    GDP per capita: from measurement tool to ideological construct

GDP per capita: from measurement tool to ideological construct

National accounting techniques, developed in the US, Europe and Australia in the inter-war period, and considerably sophisticated since, have become the cornerstone of much research and accepted wisdom both in contemporary global development debates and in economic history. In particular, GDP per capita has become the tool/yardstick of choice in most work that considers comparative levels of economic growth […]

Why do customer fears grow into serious bank runs?

In 2011 depositors of two banks in Latvia, Swedbank and SEB, rushed to empty their bank accounts after a rumor spread on Twitter claiming that the banks were experiencing financial trouble. The bank quickly addressed the rumors as false and police investigations were launched to track down the source of the claims. Despite this quick action, by the time […]

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    How corporate governance moved to the forefront of management

How corporate governance moved to the forefront of management

While the term “corporate governance” is now used universally when managerial accountability in publicly traded companies is under consideration, the term was largely unknown until the 1970s. In a recent paper, I explain how and why corporate governance moved to the forefront in the manner it did in the United States, the country where the term first came to […]