Technical change is disrupting many labour markets and is re-shaping the world of work. A widespread fear is that new technologies generate winner-take-all labour markets that benefit a small group of superstars, at the expense of the majority of the workforce. These so-called “superstar effects” arise when technologies open up bigger markets and make it possible to reach consumers […]
The demand for project managers is growing faster than for other occupational groups, with a 33 percent increase and nearly 22 million new jobs expected in 10 years, according to the report “Project Management Job Growth and Talent Gap 2017–2027”. We are in the era of the project economy, defined as “one in which people have the skills and […]
Disclaimer: Despite my long-standing professional interest, I’ve invested in bitcoin only briefly. Though I’ve earned a 30% return in just three weeks when I did so, I soon realised this investment was not suitable for my risk appetite. So, unfortunately, this is not the story of how I’ve become a bitcoin millionaire.
In the past few years, bitcoin has become […]
The wealth management industry is continuously changing. As we have seen over the last few years, active management is falling out of fashion and has become less ‘fashionable’ with asset allocators every year this millennium. In the last decade since the global financial crisis, we have seen the relentless expansion of the passive management industry and a consumer base […]
“Those only are happy who have their minds fixed on some object other than their own happiness… aiming thus at something else, they find happiness by the way”
– John Stuart Mill
How come so many change efforts in today’s unpredictable world fail to achieve their stated objectives – be they corporate turn-arounds, public-sector reform, or wider societal flourishing? I have […]
Ensuring that their investment portfolio contribute to the long-term sustainability of the planet is one of the key challenges organisations face today. That means adopting prudent financing and a thoughtful investment strategy. But how can financial sector players go about doing that? Sustainable finance raises a lot of practical questions. Many initiatives have been launched to provide businesses with […]
The Globotics Upheaval: Globalization, Robotics and the Future of Work. Richard Baldwin. Oxford University Press. 2019.
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There is little wonder that the rise of artificial intelligence (AI) has sparked ongoing debates about the future of work. In The Globotics Upheaval: Globalization, Robotics and the Future of Work, Richard Baldwin, the author of The Great Convergence, provides a […]
Charles Tiebout’s theory of sorting drew on the idea that if jurisdictions vary in the policies they adopt, and individuals are free to move, then people with similar policy preferences will end up clustering together – which he called sorting. In some contexts that could be efficient and desirable, but suppose the sorting were to take place according to […]
It was just 50 years ago that women’s role in the economy began to drastically change. Reflecting striking social and industrial movements during the 20th century, they increasingly entered the formal labour force as both employees and entrepreneurs. As the number of working women grew, it became clear: global prosperity and women’s economic participation are inextricably linked. Their empowerment […]
It is often argued that academic ideas have no real significance for the world around us. Academics may profess high ideals about changing the world but their influence upon reality is limited. But there is a school of thought that says ideas stemming from academia do matter. Indeed, it is claimed that certain ideas professed by academics can effect […]
We’re accustomed to looking at the growth rate of GDP to evaluate the health of our economy. Which is why the recent slowdown in growth appears so troubling. In the US, GDP growth for 2019 was 2.3%, meaning it has been nineteen years since growth hit 4%, and nearly as long since it touched 3%. For the UK the […]
The nature of war has changed significantly since the end of World War 2. Battle lines have now become opaque; an attack can come from terrorists who easily blend in as civilians, drones that are undetectable to the eye, or ballistic missiles launched from 500 miles away. To account for the increased lethality of war, a vast budget is […]
From Spinster to Career Woman: Middle-Class Women and Work in Victorian England. Arlene Young. McGill-Queen’s University Press. 2019.
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Spinster: ‘an unmarried woman and especially one past the common age for marrying’.
In From Spinster to Career Woman, Arlene Young takes us on a fascinating, complex and radical journey exploring women’s work in mid-Victorian England. Young examines cultural perceptions […]
When tire producers started launching recycled tires, truck drivers were sceptical. They didn’t trust the quality and assumed that there had to be a trade-off with the durability and effectiveness of the tires. Similarly, when there is a flu epidemic or pipes are clogged, consumers systematically choose the non-sustainable hand disinfectants and drain openers. Consumers are afraid that the […]
Teamwork is a complex social dynamic, at once a principle of optimal efficiency and an occasion of personal cooperation. We might visualise this complexity in terms of a vertical pursuit (the achievement of some collective goal) and a horizontal relationship (the cooperation among team members as they pursue the collective goal). The vertical is conceptually prior: teammates do not […]
Innovation is the lifeblood of successful businesses. “Moving fast and breaking things” can provide rapid access to new advances and great potential rewards. However, with innovation often comes uncertainty, and the consequences of product failure can be severe. Clever managers and regulators try to balance these inherent risks and benefits. It is a difficult task, and undesirable outcomes are […]