The traditional perspective for engaging in corporate social responsibility (CSR) assumes that early adopters are more authentic than late adopters. Why? Those that fear their operations aren’t CSR friendly take longer to bend to the will of external stakeholders, and report later. On the other hand, “best practice” organisations release CSR reports in advance of stakeholder expectations, taking advantage […]
As my train rolls through the stunning Swiss landscape, I find myself distracted by three young women talking animatedly about coding, where they might do their PhDs and whether they might prefer to work in academia, banking or high tech. They’re on their way to a Nanobiotech conference while I’m on my way to an event on how men […]
The ongoing electoral cycle in Sub-Saharan Africa is turning out to be somewhat unusual. In the Nigeria March 2015 poll, the People’s Democratic Party suffered its first loss since the end of military rule in 1999, whilst in South Africa’s August 2016 municipal election the ruling Africa National Congress (ANC) registered its worst performance since the end of apartheid […]
Although economic theory is still inconclusive as to the exact effect of integration on the properties of business cycle co-movement, a number of empirical contributions have argued that intense trade and financial integration is associated with a stronger degree of business cycle synchronisation. A corollary of this view is that the Bretton Woods era – a period during which […]
Happiness Explained: What Human Flourishing Is and How We Can Promote It. Paul Anand. Oxford University Press. 2016.
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Happiness policy has been on a seemingly irresistible march towards the mainstream. What began as think-tankers and academics swapping anecdotes about wellbeing in Nordic countries and Bhutan’s measure of ‘Gross National Happiness’ has matured to the point where the United […]
The way social mobility is currently understood is leading us down an economic and social cul-de-sac. New research released by Professor John Goldthorpe showed that social mobility in this country stalled in the latter part of the 20th century and earlier part of the 21st. This builds on work released this year by the Sutton Trust showing unequal access […]
Financial cycles are on average twice as long as business cycles. At the same time, there is substantial heterogeneity of national cycles across G-7 countries, ranging from very similar financial and business cycles in Germany to markedly different cycles in the United States and Italy.
We conclude that policies targeting financial cycles (such as countercyclical macroprudential policies) can act as […]
“Let fear once get possession of the soul, and it does not readily yield its place to another sentiment.” — Sebastopol, Leo Tolstoy
Expressing one’s fears may indicate weakness and might even be considered a taboo subject, especially in the sometimes rather ‘macho’ world of entrepreneurship. Even for scholars of motivation, fear of failure has never received as much attention […]
The threat of climate change requires a transition of society away from fossil fuels towards renewable energies. Such transition cannot be achieved in a context of economic stagnation. The deplorable state of the European economy is the direct consequence not of the financial crisis of 2008/09, but of the seemingly unsolvable euro zone crisis. This places the long-term challenge […]
Monetary and credit data released by the European Central Bank (ECB), not just official communications and inflation and output projections, help markets to predict future interest rate moves. The ECB is one of the few central banks to emphasise the importance of its monetary analysis as a cross-check of its economic analysis. With the exception of the early years […]
With one deal, MetLife bought itself a great opportunity – and a significant problem. When the U.S. insurance giant acquired American Life Insurance Co. in 2010, it instantly enhanced its position as a global force in its industry. The company’s international presence rose from 17 countries to 64, with new operations reaching from Egypt to Lebanon to Nepal. But MetLife’s […]
For many years, Employment Relations scholars (with whom we identify) adopted the view articulated by Freeman and Medoff (1984) that collective mechanisms of employee voice could channel worker discontent so as to reduce the desire of dissatisfied workers to exit. They saw trade unions as the best agents to provide such voice, as they were formally independent of the […]
The Closing of the Net. Monica Horten. Polity. 2016.
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Monica Horten’s The Closing of the Net is a factually dense but eminently readable introduction to the issue of corporate structural power over the modern internet. Focusing on the way that political issues and events affect how the internet works for the individual, The Closing of the Net pairs […]
The publicly funded, free at the point of use NHS has been described as the UK’s ‘national religion’. Its significance in our national consciousness underlined by its prominence in the opening ceremony of the 2012 London Olympics. Even Mrs Thatcher – whose government enthusiastically privatised many public enterprises such as telephones and utilities – maintained a rhetorical commitment to its […]
Customer service outrage. The phrase instantly conjures up stories of customers being ripped off, mistreated and rudely dismissed by sales staff. Yet we rarely stop to consider a different side to the story and examine the experiences of the thousands of workers in retail and hospitality, who deal with offensive, intimidating and humiliating treatment from customers on a daily […]