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    Dockworkers and the introduction of containers in UK shipping in the late 1960’s

Dockworkers and the introduction of containers in UK shipping in the late 1960’s

The introduction of containers in UK shipping in the late 1960s suddenly and profoundly changed the labour market for dock workers. Containers require far fewer workers to load and unload cargo, and therefore they greatly reduced the employment of dock-workers (also known as stevedores or longshoremen).

Containerisation had other impacts on UK ports as well. Port activity became much more concentrated […]

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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 […]

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    Transitioning video and TV to the Internet: Policy and regulation must be updated

Transitioning video and TV to the Internet: Policy and regulation must be updated

Digitally driven disruption is taking place at a rapid rate and within an unexpectedly wide range of industry verticals, including media and transportation markets. A clear example of this trend is occurring in the media market, where the increasing number of live TV over-the-top (OTT) offers (streaming media via the Internet) is accelerating a transformation of how video and […]

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    Social media echo chambers create serious issues for organisations

Social media echo chambers create serious issues for organisations

Recent political events such as Brexit and the election of Donald Trump have taken political pundits and observers by surprise. How could these things have happened? One explanation offered is that we are increasingly living in bubbles of like-minded people that limit our ability to understand other points of view. These bubbles are a result of the “micro-targeting” of […]

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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 […]

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    How large companies can adopt lean thinking in research and development

How large companies can adopt lean thinking in research and development

The principle of lean innovation — fail early, fail cheap and learn fast — is gaining momentum in large companies. Gartner estimates that by 2021, more than 50 per cent of established corporations will be leveraging lean startup techniques at the business level to increase the pace and success of business transformation This is even more pressing in research-intensive […]

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    How Economics Professors Can Stop Failing Us: The Discipline at a Crossroads – Book Review

How Economics Professors Can Stop Failing Us: The Discipline at a Crossroads – Book Review

Find this book: 

How Economics Professors Can Stop Failing Us: The Discipline at a Crossroads. Steven Payson. Lexington Books. 2017.

The academic discipline of economics has been subject to a growing level of criticism, from both within and outside the academy. Often led by students, the criticisms of economists and their ideas are myriad and frequently related to their perceived position […]

UK inflation has been rising fast since the Brexit vote

 The pattern of significantly higher price inflation is shown in Figure 1. This plots the annual consumer price index (CPI) before and after the Brexit vote, comparing the UK with what has happened in the 19 Eurozone countries. To a large extent, the CPI growth rates of both the UK and Eurozone move together, with both being driven by […]

November 4th, 2017|Josh De Lyon|0 Comments|

Applying blockchain technology to online reviews

The same technological innovations that are fueling changes in the financial and a few other sectors are prepared to provide solutions in many other areas. Blockchain, the technology behind everything from new payment systems and document storage to voter registration and academic credentials verification, is emerging as a disruptive system that replaces centralized servers with a decentralized network that is more […]

November 3rd, 2017|Chelsea Lam, Leaders|1 Comment|
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    Catherine Wines: ‘International remittances help people directly’

Catherine Wines: ‘International remittances help people directly’

Immigrants who send money back home can be a lifeline to their families. According to some estimates, remittances to developing countries reached US$ 436 billion in 2014. Despite the fast growth of the market, until a few years ago it was a cumbersome, low-tech process. In 2010, an African immigrant saw an opportunity to take advantage of the mobile money phenomenon in Africa and founded WorldRemit, […]

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    New big data platforms are more efficient, but pose a serious threat to privacy

New big data platforms are more efficient, but pose a serious threat to privacy

The past few years have seen changes in the organisation of business models and work styles, caused by the rapid evolution of data analysis and data management systems. Business strategies are more and more driven by the integrated analysis of huge volumes of heterogeneous data, either directly or indirectly related to workflows. Data have become a key factor for making […]

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    A close look at British business: Was it destined to leave the EU?

A close look at British business: Was it destined to leave the EU?

Always good to start with a confession: we are what Brexiteers call Remoaners. As Michael Bloomberg says, “it is really hard to understand why a country that was doing so well wanted to ruin it.”

Anti-immigration sentiments, a feeling of being left behind by many voters, an uninspiring campaign by the Remain side, and decades of ‘blame it on Europe’ […]

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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    Edward George: ‘Banks are in danger of becoming utilities’

Edward George: ‘Banks are in danger of becoming utilities’

As the market for fintech grows in Africa, Ecobank Transnational Inc., a pan-African banking conglomerate headquartered in Togo, has built a digital strategy that includes acquisitions, partnerships and in-house IT development. Having a large network of branches is no longer considered sustainable in the long run, as banking moves online. The bank is instead acting as an incubator of African fintech […]

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    Tiffany & Co.: A nineteenth century American retailer in Paris and London

Tiffany & Co.: A nineteenth century American retailer in Paris and London

Large American international retailers have been defining global consumers’ in-store experiences for decades. Firms such as Woolworths, and concepts such as the supermarket, have changed how we use stores and what we expect from them. American innovation in retailing in the twentieth century was synonymous with the notion of “big is beautiful”.

However, the origins of American international retailing lie […]

Blockchain and bitcoin: In search of a critique

One of the few things that has grown as fast this year as the price of cyptocurrencies, such as bitcoin, is the number of books available about them, along with blockchain technology and their many derivatives. There are now in excess of 500 books available on Amazon on these topics. These books include excellent technical guides like “Mastering Bitcoin: […]

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    Clarence Blay: ‘Ghana has 140,000 mobile money agents versus 1,300 bank branches’

Clarence Blay: ‘Ghana has 140,000 mobile money agents versus 1,300 bank branches’

The most famous mobile payments system in Africa, MPesa, allows users to make payments by sending text messages from simple mobile phones, not necessarily smart ones. The idea has started a new wave of mobile payments and transfers in the continent, and governments are taking steps to help this ingenious solution usher in a new era of financial inclusion for their countries. Clarence Blay, who […]

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    The Contradictions of Capital in the Twenty-First Century: The Piketty Opportunity – Book Review

The Contradictions of Capital in the Twenty-First Century: The Piketty Opportunity – Book Review

 

Find this book: 

The Contradictions of Capital in the Twenty-First Century: The Piketty Opportunity. Pat Hudson and Keith Tribe (eds). Columbia University Press. 2017. 

Riding on the back of the economic crisis and the Occupy Movement’s role in reigniting the inequality debate, Thomas Piketty’s seminal work Capital in the Twenty-First Century fell not only into the centre of many academic discussions […]