Monthly Archives: November 2018

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    Accounting for Capitalism: The World the Clerk Made – Book Review

Accounting for Capitalism: The World the Clerk Made – Book Review

Accounting for Capitalism: The World the Clerk Made. Michael Zakim. University of Chicago Press. 2018.

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Unlike his father, he possessed an uncommon amount of wit, optimism and ambition. After joining a crew to guide a boat down the Mississippi River to trade its onboard shipment at the Port of New Orleans, a young Abraham Lincoln (1809-65) returned to […]

November 11th, 2018|Book Review|0 Comments|

The complex task of improving media literacy

Last time I wrote about media literacy, I was glad to observe that, as the media increasingly mediate everything in society, there is growing emphasis on the importance of ensuring that people have the media literacy not only to engage with the media but to engage with society through the media. But I was also frustrated at some of the superficial hand-waving from policy makers […]

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    When companies have ties to politicians or military officials

When companies have ties to politicians or military officials

Entrepreneurs want to reduce uncertainty and shape environments to their advantage. To do so, they sometimes collaborate with government leaders to gain valuable information, resources, and favourable legislation.

Most prior research on this practice has treated government partners as monolithic entities, or focused only on elected officials who grant resources through policy efforts or contracts. But we were interested in […]

November 9th, 2018|Management|0 Comments|
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    The backlash against gender equality is arising in new forms

The backlash against gender equality is arising in new forms

Backlash is a negative, hostile or aggressive reaction to a political idea. The term has been applied to civil and race rights. Recently however, it has been prominent in politics, business and the media, as an opposing stance to initiatives designed to advance women’s rights and social status.

History makes it clear that when gains for women are made, conservative […]

November 8th, 2018|Gender|1 Comment|

How to build a winning data culture

It’s common knowledge that data can separate the winners from the losers in business. According to McKinsey, companies that treat their data as a corporate asset grow revenues five times faster on average than companies that don’t. But it’s one thing to want to be a data-first business and quite another to actually build a robust and sustainable data […]

When globalisation gets local: winners and losers

A complex flow of investment is spreading across the globe, connecting more and more places. These flows bundle together streams of capital, skills and knowledge, the key factors in determining the development and wealth of places. As a result, it is now impossible to understand economic opportunities, innovation and development without one central concept: CONNECTIVITY.

However, investment flows are highly […]

The paradox of communist entrepreneurs in China

The Chinese economy has grown phenomenally over the past 40 years since it was opened to the outside world. In recent decades, the private sector in particular has been the engine of this growth, contributing to more than 60 per cent of China’s GDP (US$12,237.7 billion), extensive fixed-asset and outbound investment, 80 per cent of jobs, and 70 per […]

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    Friend or foe: five questions outlining the future of artificial intelligence

Friend or foe: five questions outlining the future of artificial intelligence

Is artificial intelligence going to usher in a golden age of humanity by solving our most intractable problems and creating vast amounts of wealth? Or is it the ultimate menace, a threat to our jobs and, ominously, our very survival as a species? It depends on whom you ask… and what they happen to believe about technology and humanity.

Few, […]

Nihilism and Technology – Book Review

Nihilism and Technology. Nolen Gertz. Rowman and Littlefield. 2018.

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In this short but hugely engaging book, Nolen Gertz, assistant professor of Applied Philosophy at the University of Twente, manages to both provide a compelling and rich introduction to Friedrich Nietzsche and nihilism as well as avoid the all-too-common reductionism of popular discourse around technology. Rather than boil […]

November 4th, 2018|Book Review|0 Comments|
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    Rethinking the concept of freedom in contemporary capitalism

Rethinking the concept of freedom in contemporary capitalism

In a forthcoming book, Branko Milanović identifies four ‘troublesome features’ in ‘meritocratic liberal capitalism’.* These are the rising share of capital income in total income, which undermines meritocracy; the very high concentration of capital income, which runs counter to the objective of a ‘property-owning’ democracy; the rising association of high capital and labour incomes in the same people or families, […]

Blockchain will open up the global retail banking system

Blockchain and its associated technologies burst into the public consciousness in 2015 after a relatively slow build-up spanning several years. In the course of 2017 blockchain became one of the most hyped technologies ever and has found a particularly keen audience in the banking world due to the promise of greater efficiency, or in other words, cost.

Banks globally have […]

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    We need to deal with household debt now before the next financial crisis hits

We need to deal with household debt now before the next financial crisis hits

What will happen to indebted households when the next recession hits Europe? Strongly pro-cyclical financial policy in the US is likely to trigger over-heating and recession in the US perhaps already at the end of next year. Many economists predict a recession to strike Europe a year later. One thing is sure. Sooner or later a recession will arrive […]