LSE Authors

Delinking economic growth and CO2 emission is possible

Six of the top 10 emitters of greenhouse gas are developing countries, according to a recent analysis of the World Resources Institute (see Figure 1). At present, developing countries already account for more than half of total annual emissions, and the share will only rise as developing countries grow. Clearly, achieving the global climate targets of the Paris Agreement […]

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    Does social media foster polarisation? A close look at the handle @realdonaldtrump

Does social media foster polarisation? A close look at the handle @realdonaldtrump

Social media facilitates communication and an appealing question is whether citizens use it to endorse or criticize the government. I investigate individuals’ potential polarisation about President Trump, as reflected in his personal Twitter account. In this context, polarisation relates to expressing positive or negative judgements through social media.

The reach of social media is not trivial. Users use it to […]

Taking #MeToo into global supply chains

Sexual harassment in the workplace is not a new phenomenon. There have been some well publicised episodes before – Clarence Thomas, Justice in the American Supreme Court, and more recently, Dov Charney, founder of American Apparel retail stores come to mind. But they appeared to be just that: isolated episodes. The flood of allegations unleashed by the #MeToo movement […]

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    Labour market institutions still matter in the knowledge economy

Labour market institutions still matter in the knowledge economy

The last forty years have seen a pervasive rise in income inequality across the advanced democracies of Western Europe, North America and the Asia-Pacific region. This has occurred alongside major structural change, which has seen these economies transition from Fordism – an economic system built around the mass production and consumption of standardised consumer goods, supported by collective bargaining, […]

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    Confronting the macroeconomic challenges of the fourth industrial revolution

Confronting the macroeconomic challenges of the fourth industrial revolution

“The fourth industrial revolution – isn’t that an IT thing? We have a Minister for Digital looking at it”, said a policymaker. “Yes, it is changing business models which is why we are fostering an ecosystem for start-up innovation”, said another minister.

The implications of the current wave of technological change at a mechanical and commercial level are fairly well-understood. […]

Exposure to innovation influences who becomes an inventor

Relatively little is known about the factors that induce people to become inventors. Using data on the lives of over one million inventors in the US, this column sheds light on what policies can be most effective in increasing innovation. In particular, it shows that increasing exposure to innovation among women, minorities, and children from low-income families may have […]

Brexit readiness score update: UK gets 22 out of 100

In the past three months the possibility of an orderly Brexit has increased markedly. In particular, the European Union and United Kingdom have negotiated a transition period lasting two years. And several thorny issues around the treatment of EU citizens in the United Kingdom have been clarified.

The inaugural Brexit Readiness Score gave low grades on the preparedness of the […]

Why economists are relaxed about bitcoin

Cryptocurrencies have been a staple of news headlines in 2017. As the price of one bitcoin has risen 12-fold in sterling terms during the course of 2017, the number of Google searches for bitcoin has increased 14-fold. There are now more than 2,000 cryptocurrency ATMs across the globe, with the United States (1,107), Canada (293), the UK (97) and […]

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    Accounting played a central role in the rise of financial capitalism as we know it today

Accounting played a central role in the rise of financial capitalism as we know it today

Since the pioneer writings of Weber and Sombart, the debate on the nexus between accounting and the rise of capitalism has caused a lot of ink to flow. Literature on the subject has focused on assessing the capacity of the double-entry form to promote “rational” decision-making based on profit calculation. While the classical approach, drawing on Weber and Sombart’s […]

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    Design brands adjust their retail strategy to consumers’ personalities

Design brands adjust their retail strategy to consumers’ personalities

The luxury market is one of the most rapidly expanding industries around the world. Despite the financial crisis in 2008, the market for personal luxury goods has grown three times in size over the last 20 years. The industry has undergone, over the last decade, two major changes that have reshuffled the luxury landscape.

First, there has been an evolution […]

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    If we want to create jobs in local areas, the idea of ‘local’ needs to be revisited

If we want to create jobs in local areas, the idea of ‘local’ needs to be revisited

Place-based policies that target disadvantaged areas are widespread in both high-income and developing countries. Their impact depends crucially on the effective size of local labour markets. If labour markets are very local, an effective intervention needs to be targeted to the disadvantaged areas themselves and more distant interventions will not benefit the target group. If labour markets are not […]

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    Connectivity will create a multibillion-dollar opportunity for the global airline industry

Connectivity will create a multibillion-dollar opportunity for the global airline industry

‘Disruption’ is one of the buzzwords that defines our economy at the moment. While much of the focus has been on entrepreneurial start-ups – soliciting early funding for the next ‘the Airbnb of…’ – taking a look at how more established businesses are responding to the technological revolution is just as interesting. Aviation is one such sector that is […]

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    Who benefits from neighbourhoods designated as conservation areas?

Who benefits from neighbourhoods designated as conservation areas?

Opinions on conservation areas are split. Proponents would argue that conservation areas protect the visual appearance of historic neighbourhoods, by preventing owners from making changes that would be detrimental to character. Opponents would counter that this form of protection, in practice, means a severe restriction of property rights and, as a result, owners cannot adapt their homes to changing […]

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    Budget 2017: productivity is the focus, but ‘fixes’ are unlikely to be enough

Budget 2017: productivity is the focus, but ‘fixes’ are unlikely to be enough

Budget 2017 began with a bleak assessment of the UK’s growth prospects. For those of us following the economic trends and policy debate, there was little surprise at the downgrade of future productivity growth by the Office for Budget Responsibility. Productivity has flat-lined since the financial crisis as successive budgets have failed to have much discernible effect on 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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    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 […]

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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    Tech start-ups need a different approach to financial management

Tech start-ups need a different approach to financial management

We find ourselves today at the start of an industrial revolution. There have been others of course. The first revolution happened 250 years ago. Its engine was mechanisation. Another, about a hundred years ago, was all about electrification and mass production. Then 50 years ago, electronics and automation started a third revolution.

Right now, our physical and virtual worlds are […]