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    ‘Sharding’ and the search for a way to scale up blockchain

‘Sharding’ and the search for a way to scale up blockchain

Advocates of blockchain technology often expound its ability to deliver a disruptive layer of efficiency to existing industries that provide consumers goods and services. They might speak of how, by removing centralised trust from the equation of transaction verification, blockchain-based systems will provide a means of disintermediation that could save industries untold sums of capital that is otherwise lost […]

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    Private Government: How Employers Rule Our Lives (and Why We Don’t Talk about It) – Book Review

Private Government: How Employers Rule Our Lives (and Why We Don’t Talk about It) – Book Review

Find this book: 

Private Government: How Employers Rule Our Lives (and Why We Don’t Talk about It). Elizabeth Anderson. Princeton University Press. 2017.

In Private Government: How Employers Rule Our Lives (and Why We Don’t Talk about It), a version of her 2015 Tanner Lectures, Elizabeth Anderson argues that modern workplaces are coercive and hierarchical institutions, a fact that is camouflaged […]

The case for ending shareholder monopoly

The UK is about to stop shareholders monopolising votes for company boards, with worker voice. Currently, asset managers control most shareholder votes in public companies. They have systemic conflicts of interest, because shareholder votes can influence companies to buy asset managers’ financial products (e.g. defined contribution pensions). But now this is changing. One small step, following government consultation, is that the Financial […]

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    Why are fewer German companies choosing to join the stock market?

Why are fewer German companies choosing to join the stock market?

An article by Kathleen Kahle and René M. Stulz on LSE Business Review analyses the shrinking number of public corporations in the US. We  find this phenomenon also in Germany. In our study, we find a decline in the number of listed companies in Germany driven by a decline in initial public offerings (IPOs) and an increase in delistings:

While […]

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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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    To overcome gender bias, objective performance metrics are not enough

To overcome gender bias, objective performance metrics are not enough

It has been well established that men and women experience differences in access to social and financial capital, hiring outcomes, and performance evaluations more generally. One commonly cited explanation for these observed gender differences has to do with a lack of objective information. Specifically, in the absence of concrete information about quality or expected performance, evaluators have been found […]

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    Alex Kong: ‘There are 1.6 million unbanked working adults in the UK’

Alex Kong: ‘There are 1.6 million unbanked working adults in the UK’

The use of new financial technology, or fintech, promises a number of benefits to consumers, including cost reduction and increased convenience in the way banking services are provided. Another, less often discussed, advantage is the possibility of financial inclusion. Alex Kong, founder and CEO of TNG, estimates that there are two million people around the world who do not […]

December 6th, 2017|Alex Kong, The Web Series|Comments Off on Alex Kong: ‘There are 1.6 million unbanked working adults in the UK’|

The value of investing in historic buildings

In many countries, vast amounts of public money are invested to preserve historic buildings. In the Netherlands, for example, total public expenditures on renovation subsidies have been more than a billion euros since the 1970s. In Britain, more than 45 thousand buildings are listed, which imply that they are eligible for substantial subsidies, e.g. via tax reliefs. One important […]

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    Mitchell Baker: ‘The internet was designed not to be owned by any one person’

Mitchell Baker: ‘The internet was designed not to be owned by any one person’

On 14 December the US Federal Communications Commission will vote on its chairman’s proposal to kill net neutrality, the principle on which the internet was built. Anyone can create a website, which can be seen at the same download speed as any other site. If the FCC’s chairman has it his way, the internet will look more like cable TV, in which […]

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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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    Adizah Tejani: ‘We need a mindset shift to understand the possibilities of open banking’

Adizah Tejani: ‘We need a mindset shift to understand the possibilities of open banking’

When the EU regulation known as the Payment Services Directive 2 (PSD2) takes effect, in January 2018, banks will be required to open their businesses to outside service providers. That includes offering these outsiders access to application programming interfaces (APIs), which are the digital protocols that allow third parties to build apps linking to a business. In the UK, […]

Digitalisation of work: blessing for some, curse for others

It is a commonplace that we live in the age of disruption. The latest trend towards digitalisation is set to accelerate changes in the workplace and transform the labour market perhaps irreversibly. Current debates on the digitalisation of work concern the extent and degree to which advanced technology such as robotics, artificial intelligence, machine learning and algorithmic decision-making could […]

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    Once Upon an Algorithm: How Stories Explain Computing- Book Review

Once Upon an Algorithm: How Stories Explain Computing- Book Review

Find this book: 

Once Upon an Algorithm: How Stories Explain Computing. Martin Erwig. MIT Press. 2017.

Most of us enjoy listening to stories. They can serve as mnemonic devices as well as teach us about and perhaps even change our lives, lives which are increasingly fast-paced and much more digital than they once were. Whilst stories can have a transformative […]

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    Competition for Amazon’s HQ2.0 shows cities are keen to offer incentives to firms

Competition for Amazon’s HQ2.0 shows cities are keen to offer incentives to firms

Where will Amazon locate its proposed HQ2.0? While we do not know yet, we do know one thing:  there is no lack of competition between states and local governments over attracting the online retail giant’s second headquarters.  State and local governments are competing to attract the coveted, high-paying jobs that have the potential to transform whatever locality the firm […]

December 2nd, 2017|Economics, Eric Stokan|0 Comments|
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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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    Crimson Rose: ‘Burning Man shows people a different way of looking at what they do’

Crimson Rose: ‘Burning Man shows people a different way of looking at what they do’

Every August, a pop-up city named Black Rock City is built in the middle of the desert in the US state of Nevada. During ten days, Black Rock receives a total influx of 70 thousand people, the maximum allowed by the authorities. They come for an event that is hard to describe, a mixture of art show, dance camp and […]

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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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    A minor change in market trading rules could save taxpayers billions of dollars

A minor change in market trading rules could save taxpayers billions of dollars

Society could save billions of dollars every day if trading in commodities, energy and securities was made more competitive and efficient through a minor rule change. That is the topic of my new research paper.

Every day, auctions and exchanges around the world trade bonds, stocks, currencies, electricity, metals, commodities, securities and financial instruments worth trillions of dollars. Thus even […]

November 29th, 2017|Finance, Pär Holmberg|0 Comments|
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    Six practical actions for organisations to achieve gender balance

Six practical actions for organisations to achieve gender balance

We know that if a certain behaviour is not delivering a desired result, people will usually change this behaviour. If a marketing program is not effective, you do not continue to run it, you change it. If a part on a machine keeps failing, you do not keep using it, you replace it.

Sometimes, however, people do not alter their […]

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    Hacking the market: Systemic contagion from cybersecurity breaches

Hacking the market: Systemic contagion from cybersecurity breaches

Virtually not a month goes by without a new disclosure of major cybersecurity breaches at organisational and corporate levels. An unrelenting flow of news in this area takes us from financial services companies to regulators’ offices, from major utilities to transport corporations. No one seems to be secure, no one is out of reach for cyber criminals.

In this year […]