LSE alumni

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    The jury is in on cannabis legalisation in North America: it’s been a success

The jury is in on cannabis legalisation in North America: it’s been a success

Recently on the LSE USAPP blog, Wayne Hall wrote on the effects of legalized cannabis in North America, arguing that the, ‘jury is still out’ on whether legalization of cannabis has been a good thing. Hall’s analysis focused on issues of youth consumption, dependence, and the potential substitution of alcohol for cannabis. These are his areas of specialization and his assertions […]

October 13th, 2018|Economics, LSE alumni|0 Comments|
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    Is EU regulation of high frequency trading stringent enough?

Is EU regulation of high frequency trading stringent enough?

High frequency trading (HFT) activity has increased over recent years. In a recent paper, Rene Carmona and Kevin Webster claimed that about 70 per cent of all the transactions in the US equity market were carried out using this tool in 2010, although it is now thought that the percentage in recent years has declined somewhat to around 50-60 […]

October 8th, 2018|LSE alumni|0 Comments|

How to help women sustain careers in male-dominated spaces

While women have made substantial inroads into the world of work and organisational hierarchies, many science, technology, engineering and maths (STEM) related fields such as engineering, still appear stubbornly resistant to gender diversity. Even from the perspective of many of the women who actually work in these industries.

Despite the best efforts of many firms, gender equality in terms of […]

August 28th, 2018|Gender, LSE alumni|0 Comments|
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    Why does public investment contribute little to GDP growth in Italy?

Why does public investment contribute little to GDP growth in Italy?

“Give me a fulcrum and a lever long enough, and I shall move the world” – so the great Greek mathematician Archimedes used to say. In the Italian macroeconomic context, many are similarly convinced that if only we pushed more on the fiscal lever, we could set in motion an economy that has stagnated for almost 20 years, and […]

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    ICOs: raising money by issuing cryptocurrency, with less regulation

ICOs: raising money by issuing cryptocurrency, with less regulation

Back in the day — I remember it well, it was only ten years ago! — when a large company wanted to raise money it would almost certainly issue equity or debt. These securities would then be exchanged with investors for the relevant currency, with the investors expecting higher cash flows in return at a later date. From my desk […]

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    How would-be entrepreneurs can harness the power of the internet of things

How would-be entrepreneurs can harness the power of the internet of things

The internet of things – it’s a wonderfully vague term, but one that both consumers and businesses will have been hearing a lot over recent years. IoT is, after all, one of the single biggest areas of technological development that is reshaping the world around us. In short, the umbrella term refers to the way in which devices – […]

Economics for the Common Good – Book Review

Economics for the Common Good. Jean Tirole (trans. by Stephen Randall). Princeton University Press. 2017.

Find this book: 

Economics – that seemingly impenetrable mix of mathematical wizardry and eye-glazing theorising – has long appeared wholly inaccessible to the majority of the public (and even, it might be added, many members of the intelligentsia). Its roots were remarkably readable – for […]

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    When organisations take more than they give to the equality agenda

When organisations take more than they give to the equality agenda

When an organisation makes loud claims about equality at work, they’re not contributing to the agenda. They’re taking from it. They’re withdrawing reputation and brand equity and depositing little back in return.

To return that equity, they need to take meaningful action. You can often spot ‘meaning’ because it brings risk and scrutiny. It’s likely to lead to a structural […]

The Financial Conduct Authority asks robo-advisors for more

The UK’s financial regulator has recently reviewed the offerings of the ‘robo-advice’ sector. The results, whilst superficially not encouraging, suggest teething problems rather than deeper underlying issues. In the report released in May, the Financial Conduct Authority (FCA) noted that online discretionary investment managers were not communicating risk in a clear way, lacking transparency on pricing and failing to […]

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    Skilled migrants have higher earning potential in countries with more inequality

Skilled migrants have higher earning potential in countries with more inequality

Attracting and retaining high-skill individuals is vital for the development of knowledge-based economies, in which ideas drive technological progress. Understanding whether and why high-skilled individuals stay in a country or leave it is therefore crucial – for sending and receiving countries alike.

A very influential theoretical model of migrant selection (Borjas 1987, building on Roy 1951) predicts that migrants to […]

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    Blockchain can help mitigate investment risk for the pharmaceutical industry

Blockchain can help mitigate investment risk for the pharmaceutical industry

Have you ever paid attention to the time, effort and business risk it takes to invest in new drug research and getting that drug into to the market?

It takes two to five years to come up with a new drug concept – and even longer to transform it into a lead drug candidate. It takes another two years to […]

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    Disruptive trade technologies will usher in the ‘internet of rules’

Disruptive trade technologies will usher in the ‘internet of rules’

Businesses, especially micro, small and medium-sized enterprises (MSMEs), face many challenges in understanding and complying with international commercial rules and regulations. Research also indicates low utilisation of eligible tariff preferences, or favourable tax rules, by traders. In other words, many businesses do not always effectively benefit from their negotiated market advantages. Unfortunately, the current “version history” (or stage in the […]

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    The Airbus case sits at the heart of the Brexit industrial equation

The Airbus case sits at the heart of the Brexit industrial equation

While an agreement on Brexit negotiations is far from being reached between the United Kingdom and the European Union, Brussels seems to be taking an even more aggressive stance. It recently announced its will to kick Britain out of the Galileo project after it leaves the EU. This programme is aimed at creating a global navigation satellite system for […]

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    The rise of the regulator may lead to trouble for the blockchain

The rise of the regulator may lead to trouble for the blockchain

In 2018, regulation forms an increasingly important part of our lives. The popular media and the political sphere are increasingly in favour of more regulation – and I think we can agree that it’s rare but interesting to see the press take a pro-red tape stance. This perceived need for increased regulation is due to the fact that in […]

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    The multiplier effect of the German government move to Berlin

The multiplier effect of the German government move to Berlin

Spatial inequality is central when analysing economic performance across regions and countries. Governments worry about wealth and prosperity concentrated in a few ‘lucky’ areas. In the UK, the dominant position of London and the absence of a sizeable contender fuels the debate on geographical rebalancing. In Denmark, the government is currently expanding a relocation policy (started two years ago) […]

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    Unpicking complex incentive mechanisms that reward top managers handsomely

Unpicking complex incentive mechanisms that reward top managers handsomely

One distinct feature of the rise in income inequality over recent decades is the surging incomes of the working rich, particularly the pay of a class of top managers. A popular view stresses the role of performance-related pay in generating this feature. According to this view, the pay of many top managers is high-powered (i.e., with incentives tied to firm […]

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    How Lübeck faded, while Hamburg survived trade disruption from the Dutch

How Lübeck faded, while Hamburg survived trade disruption from the Dutch

The cities of Hamburg and Lübeck have an interwoven and eventful history. Whereas Lübeck offers an example of how dominant cities may become unattractive and decline when they end up serving the interests of a privileged few and refuse to change, Hamburg serves as a tale of how cities can reinvent themselves by changing with the times. The cities, in the […]

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    Business of war: contractors acted as the hidden wiring of the British army in the 1700s

Business of war: contractors acted as the hidden wiring of the British army in the 1700s

Today we are accustomed to hearing of defence contractors playing a vital non-combatant role in warfare. While residual suspicions of fraud and corruption are often raised in areas where public service sits uneasily alongside private business interests, we now like to think that stricter regulation ensures greater transparency, accountability, and economy. It was not always thus. In the eighteenth […]

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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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    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 […]