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 […]
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 […]
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’ […]
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 […]
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. 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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]