Economy

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    Book Review: Economic Science Fictions edited by William Davies

Book Review: Economic Science Fictions edited by William Davies

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In Economic Science Fictions, editor William Davies brings together contributors to explore the relationship between science fiction and economics, driven by the view that modes of economic thought function as fictions and that science fiction enables the imagining of alternative economic futures. In her review, Anna Nyugen focuses on the way that the authors evaluate and perceive the role and value of sci-fi […]

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    Can we solve both the economic crisis and the environmental one? Seeking new models in uncertain times

Can we solve both the economic crisis and the environmental one? Seeking new models in uncertain times

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Mia Gray and Betsy Donald argue that scholars and policymakers need to explore new regional economic growth models that focus on some of the most important issues of our time, including inequality and climate change.

Our society needs a real conversation about the meaning and nature of economic growth. In a time of populist politics and rising regional discontent, it is […]

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    Evidence suggests racial prejudice is still stopping many African Americans from getting home mortgages

Evidence suggests racial prejudice is still stopping many African Americans from getting home mortgages

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It is often much harder for African Americans to get a home mortgage compared to other racial groups in the US. But how much of this disparity is down to racial prejudice? In new research, Nolan Kopkin uses local area data on mortgage denials to investigate the role of racial prejudice in preventing African Americans from getting a mortgage. […]

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    The potential to automate low-wage jobs in the U.S. and its impact on workers

The potential to automate low-wage jobs in the U.S. and its impact on workers

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Technological substitution in low-wage occupations is offset by the growth in similar paying jobs, write Daniel Aaronson and Brian J. Phelan.

The extent to which firms can substitute labour with technology is a longstanding question that has grown in policy importance as automation technology spreads to a larger range of jobs. In our forthcoming paper, we contribute to this important […]

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    Two wrongs make a right: Why the trans-Atlantic antitrust rift is necessary in the global economy

Two wrongs make a right: Why the trans-Atlantic antitrust rift is necessary in the global economy

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We can’t rely on a single country to get rules and policy right on behalf of the entire world, writes Konstantinos Stylianou.

Less than week after the European Commission hit Google with a record £3.9 billion fine for abusing its dominant position in Android, Google’s quarterly earnings report came in: a noticeable dip in profits — down to $2.8 billion […]

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    Trump’s $12 billion farm subsidies are a solution to a political problem of his own making

Trump’s $12 billion farm subsidies are a solution to a political problem of his own making

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Last week, President Trump announced a $12 billion program of farm subsidies to assist farmers hurt by his escalating trade war with China, Canada, and other countries. Stephanie Rickard, author of a new book on government subsidies, Spending to Win, argues that this kind of financial assistance is almost always introduced to help domestic producers harmed by tariff reductions, […]

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    Data silos are the greatest stumbling block to an effective use of firms’ data

Data silos are the greatest stumbling block to an effective use of firms’ data

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Resolving inconsistency in systems, formats and strategy would help improve return on investment in data, writes Gaurav Dhillon.

Greater access to data has given business leaders real, valuable insights into the inner workings of their organisations. Those who have been ahead of the curve in utilising the right kinds of data for the right purposes have reaped the rewards of […]

Why CEOs misbehave

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A review of recent research on the antecedents of CEO wrongdoing and suggested actions for organisations – by Karen Schnatterly and Ashley Gangloff.

Sometimes CEOs misbehave. This misbehaviour has terrible consequences for the CEO, the organisation and society, yet still – they do it. Recent estimates suggest that fraud, a specific type of wrongdoing, results in a loss of 5 […]

Book Review: Economics for the Common Good by Jean Tirole

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In Economics for the Common Good, Jean Tirole – a winner of the Nobel Prize in  Economics – engages with some of the most pressing economic issues, ranging from regulation to digital economies to finance. The intellectual breadth of the book is impressive, write Joel Krupa and Peter Urmetzer, and its accessible approach will likely spark sound and thoughtful debate on economic questions for […]

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    A picture of the retail grocery industry during the Great Depression

A picture of the retail grocery industry during the Great Depression

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Using rich data, researchers uncover the higher productivity and survival rates of chains and large stores – by Emek Basker, Chris Vickers, and Nicolas L. Ziebarth.

During the 1930s, the grocery industry was in the midst of several transformations. Presaging the development of the supermarket in the 1950s, “combination” grocery stores for the first time sold both meat and dry […]

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