LSE alumni

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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 […]

Apps like Tinder commodify the intangible

“One of the most basic processes in higher brains is the ability to carry out perceptual categorization – to ‘make sense’ of the world,” stated neuroscientist Gerald Edelman, in his neuroscientific analysis of consciousness. So what happens when the world becomes too noisy to make sense of?

As part of a small-scale MSc research project, I investigated young adults’ conceptualisations […]

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    Could the EU’s new data regulation be the catalyst for a more ethical social media?

Could the EU’s new data regulation be the catalyst for a more ethical social media?

The European Union’s General Data Protection Regulation (GDPR) comes into effect May, 2018. Every firm, irrespective of its physical location, interacting with EU citizens, will need to make changes to oversight, systems and processes to comply with the new rules.

Little known and even less discussed, the GDPR is the most important change in how we are store and process […]

How to reduce burnout in the workplace

A striking work-related problem which continues to stimulate the interest of academics and practitioners alike is the rise in burnout among the working population. Burnout refers to a situation in which employees are emotionally exhausted (drained and lacking energy,) and depersonalised, that is, they have developed a cynical attitude towards their job and the people associated with it — […]

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    Purpose and trust are valuable antidotes to relationship conflict at work

Purpose and trust are valuable antidotes to relationship conflict at work

How do we improve performance? Do we cut costs and focus on efficiency? Invest in sales, technology or marketing? Should we develop our existing product suite or start from scratch on something new? Do we grow local market share or explore uncharted territories?

We need to prioritise our outcomes and allocate our resources as a leadership team. This is task […]