Data protection has been high on Parliament’s agenda, with the Data Protection Bill, intended to bring UK law in line with the EU’s GDPR – General Data Protection Regulation – making its way through both Houses, and the House of Commons holding a debate on “Exiting the European Union and Data Protection”. The government has produced a “Future Partnership Paper” on the exchange and protection […]
The 2017 Hampton-Alexander Review was released this month, charged with improving gender balance in the leadership of companies represented in the FTSE index. It celebrates that female representation in the boardrooms of the FTSE100 has risen from 12.5 per cent in 2011 to 27.7 per cent today, but it also laments stalling progress and issues a rallying cry for […]
What causes financial bubbles? Before the 2008 crisis, this question was often neglected, but after the recent meltdown of the global financial market, it has attracted renewed attention among academics and policy-makers.
Before the crisis, the majority of economists assumed that investors trade financial assets at the so-called fundamental price, which reflects the “real” economic value of companies. In fact […]
In most countries employers and employees both contribute to the taxes (or social security contributions) levied on labour. Employers pay taxes on top of the wage they transfer to employees and employees pay income taxes on the money they receive from employers. For many decades, economists thought that it should not matter who pays. Employers were thought to care […]
Do you find yourself becoming frustrated because you keep getting bombarded with email at work? Do you think that email is not really interruptive because it is you who decides when — and whether —to read and respond to your incoming emails? But do you also find that while this might be true in theory, you often can’t help […]
New types of ride-sharing services offered by companies like Uber, Lyft and Cabify have been gaining ground in recent years, especially in urban areas. The conflation of technology, both within and outside of the transport sector, with evolving societal trends around the production and consumption of services has been faster than anticipated by many authorities and has outpaced the […]
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Fossil Capital: The Rise of Steam Power and the Roots of Global Warming. Andreas Malm. Verso. 2016.
In this bold, original and provocative book, Andreas Malm offers a radical reinterpretation of the origins of the steam age as means to challenge conventional analyses of global warming. He aims to develop a Marxist account of climate change that emphasises […]
It was widely expected and indeed happened. The Bank of England’s Monetary Policy Committee (MPC) decided, by a 7-2 majority, to raise (for the first time in 10 years) its policy rate from 0.25% to 0.5%. Yet, financial markets appear not to have taken seriously either the hike or the MPC’s additional message that (at least) two further interest […]
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 […]
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 […]
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 […]
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. 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 […]
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 […]
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 […]