Monthly Archives: February 2019

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    When people are exposed to a disaster, their demand for redistribution increases

When people are exposed to a disaster, their demand for redistribution increases

Economists know that redistributive policies rely on the prevailing beliefs about the fairness of social competition. If a society believes that socioeconomic success only depends on merit, and that everyone should fully enjoy the fruits of her work, it will demand low redistribution. If, instead, the belief prevails that wealth is mostly determined by “luck”, such as the fortune […]

February 28th, 2019|Economics|0 Comments|
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    Positive ways to address the gap in your CV after you take time out to raise a family

Positive ways to address the gap in your CV after you take time out to raise a family

Many CVs have employment gaps. When there are internal promotions or new jobs around, they can count against you. This is particularly unfair if they weren’t by choice. Though not quite sticking to the Queensberry Rules of employment legislation or natural justice, like it or not, CV gaps from taking time out to raise a family, go on maternity […]

February 27th, 2019|Career & Success|1 Comment|

Legalising cannabis reduced the use of cash in Canada

Canadian Prime Minister Justin Trudeau announced on June 20th 2018 that recreational cannabis would become legal in Canada as of October 17th. The major social policy change formed part of the general election platform for Trudeau’s Liberal Party in 2015, which suggested that “To ensure that we keep marijuana out of the hands of children, and the profits out of […]

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    The UK’s departure could lead to a fragmentation of EU capital markets

The UK’s departure could lead to a fragmentation of EU capital markets

In preparation for Brexit, banks and other financial firms have been setting up offices in various EU cities and moving staff to them. In the case of ‘no deal’, we can expect more staff and functions to be moved. As a matter of prudence, the banks have anyway been required by their supervisors to prepare for a ‘no deal’ […]

February 23rd, 2019|Finance|0 Comments|
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    Governments strive to attract investment, but so far there’s no evidence of what works

Governments strive to attract investment, but so far there’s no evidence of what works

Scholars and practitioners alike have extensively discussed what makes different firms choose to invest in different places, and have looked at what this can mean for both the host countries and sending countries. But what can policymakers do in practice to make a real difference to their country or region? Do the classic “tried and tested” methods really do […]

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    Our digital selves and the straitjacket that data extraction imposes on us

Our digital selves and the straitjacket that data extraction imposes on us

How many social media profiles do you have? Do you feel that you express yourself accurately through these profiles? Do they reflect who you are? And who are you in the first place? Are you always the same? Do you present yourself the same way at different times and on different social media?

Profile making has become ubiquitous in digital […]

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    Sustainable finance in troubling times: five actions to prevent a crisis

Sustainable finance in troubling times: five actions to prevent a crisis

Sustainable finance ended 2018 on a high. Never before has so much capital been committed to integrating environmental, social and governance (ESG) factors. But financial markets also entered an unnerving cycle. If we are not careful, growing financial turbulence could divert attention away from the urgent need to scale up investment in climate action and sustainable development. Instead of […]

When CEO personality attracts copycat competitors

Corporate strategy is rife with imitation, a keeping-up-with-the-Joneses mentality, writ large. Our research suggests that high-level organisational imitation can have more to do with personality than it does with rationality. Specifically, firms are more likely to emulate competitors led by charismatic CEOs and less likely to emulate competitors led by narcissists. This bias toward or against a chief executive’s […]

February 19th, 2019|Management|0 Comments|
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    As artificial intelligence changes the world, it changes our language too

As artificial intelligence changes the world, it changes our language too

New technologies don’t just change the world, they change our language too. The automobile era gave us over a thousand new words and phrases such as limousine, drive through, hot rod, tailgate, and muscle car. Computers gave us chips, CPUs, beta testers, operating systems, programs and bugs. The Internet has already contributed hundreds of new words and new meanings […]

The Political Economy of Italy’s Decline – Book Review

 

The Political Economy of Italy’s Decline. Andrea Lorenzo Capussela. Oxford University Press. 2018.

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The decline of democratic capitalism in Italy is perhaps the most consequential development in Europe today. While the symptoms of this decline – political dysfunction, low growth, high unemployment, wage stagnation, inequality, declining productivity – are becoming distressingly commonplace, Italy’s malaise is at once more […]

February 17th, 2019|Book Review|0 Comments|
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    Brexit: New UK investments in the EU are growing, while new EU investments here fall

Brexit: New UK investments in the EU are growing, while new EU investments here fall

The UK’s vote to leave the EU has generated fears that UK firms are moving investment abroad because of Brexit. For example, media reports have documented that both large UK companies such as Barclays, HSBC and EasyJet, and smaller companies such as Crust & Crumb, a Northern Irish pizza maker, have invested in the EU27 in response to Brexit.

Has […]

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    Technology makes business opportunities abundant, but most of them go to waste

Technology makes business opportunities abundant, but most of them go to waste

Business opportunities have become increasingly abundant, as prices continue to plummet for advanced technologies – from 3D printers, to electrical vehicle battery packs, and commercial drones – and essential digital services, such as the cloud and global bandwidth. While many companies are seeing these opportunities, most are unable to capture them fast enough.

There are two main reasons for this. […]

February 15th, 2019|Management|0 Comments|

Changing jobs can be stressful, but career capital can help

As the idea of a ‘job for life’ fades into the past, individuals are left with the prospect of having to transition between roles and employers more frequently. Unfortunately, these transitions can be complex, stressful and traumatic. Whether these work transitions are upward, sideward, within the same organisation or not, they typically entail not only practical change (building new […]

February 14th, 2019|Career & Success|1 Comment|

What we talk about when we talk about gender

In the social sciences, since the 1980’s we have been using the word “gender” instead of sex. The use of the term “gender” is not only politically correct – it is more precise, acute and scientifically accurate. The use of the term first and foremost conveys the idea that differences are not natural, nor biological or physically located in […]

February 13th, 2019|Gender|11 Comments|
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    How to make the most out of machine learning by investing in people and technology

How to make the most out of machine learning by investing in people and technology

Machine learning is poised to pave the way for many exciting opportunities for businesses, but there are many hurdles to be crossed before getting to the finishing line. Many organisations are still struggling with legacy systems and are slow to invest in more advanced technologies. But the more pressing issue at hand, one that has been an ongoing problem […]

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    Income inequality: firms have been reducing profit-sharing with workers

Income inequality: firms have been reducing profit-sharing with workers

Stagnating real wages and falling labour shares across developed economies have stimulated a renewed interest in the question of how, and to what extent, rents are shared with labour. Nicholas Kaldor’s (1957) long-held stylised fact that the fraction of national income going to labour is fixed has been questioned, for instance, by Karabarbounis and Neiman (2014), who show that the global labour […]

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    The Color of Money: Black Banks and the Racial Wealth Gap – Book Review

The Color of Money: Black Banks and the Racial Wealth Gap – Book Review

The Color of Money: Black Banks and the Racial Wealth Gap. Mehrsa Baradaran. Harvard University Press. 2017.

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Mehrsa Baradaran’s The Color of Money studies the role of financial structures in the American racial wealth gap. Noting that 60% of black Americans — relative to 20% of white Americans — are either unbanked or underbanked, Baradaran describes how depictions that attribute […]

February 10th, 2019|Book Review|0 Comments|
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    With every relocation out of London because of Brexit, the capital’s revenues suffer

With every relocation out of London because of Brexit, the capital’s revenues suffer

The departure of the European Medicines Agency from its home in Canary Wharf to Amsterdam may sound like an odd place to start a post about the impact of Brexit on London’s transport system. But it’s not as strange as you might think.

At the end of January, this EU agency – which has been based in London for over […]

February 9th, 2019|Economics|0 Comments|

Lead like an anthropologist – and lead change well

In a previous article, I defined change as “the disturbance of repeating patterns”. And it is nigh on impossible to do this skilfully unless you can see, acknowledge and deeply respect the purpose that our cultural patterns and taken-for-granted routines serve. This requires going to source. The problem is, not many of us are able to cleanly see the causal […]

February 7th, 2019|Leadership|0 Comments|
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    The challenge of dealing with ‘double disruption’: Brexit and technology

The challenge of dealing with ‘double disruption’: Brexit and technology

Our work at the Institute for the Future of Work (IFOW) has been focusing on two major forces of disruption that the UK economy is experiencing. The first, Brexit, will involve a sharp change in the structure of economic activity. Membership of the European Union has shaped the British model of capitalism and the structure, and operation, of core industrial […]