Have you tried buying a DVD player recently? If not, you might be out of luck soon as major retailers in the UK have stopped stocking them amid falling demand. The reason is not that people stopped watching videos (quite the opposite), but the rising popularity of online streaming services such as Netflix and Amazon Prime that can be […]
Everyone knows about the ‘gig economy’. In fact, the term is so widely used in the media, it can sometimes seem hard to avoid talking about it. But it is by no means the only form of work among the 4.8 million-strong self-employed community, and not enough is understood about the many other forms of freelance work.
A new report […]
“The reason why it is so difficult for existing firms to capitalise on disruptive innovations is that their processes and their business model that make them good at the existing business actually make them bad at competing for the disruption.” – Clayton M. Christensen
Disruptive innovation, as introduced by Clayton M. Christensen, has become a powerful way of thinking about […]
Looking at recent growth successes and failures, some of the positive stories of economies were characterised by relatively high female autonomy: Botswana had the highest GDP growth rates of the last decades and had not only favourable institutions, but also high gender equality (Robinson 2009; data on gender equality: Carmichael, Dilli and Rijpma, 2014). Similarly, China and South Korea […]
In recent times, there has been a policy drive to increase the number of people undertaking apprenticeships in England and there are plans to dramatically change the post-16 system, which would include making apprenticeships a more important part of it. This raises the question as to how beneficial apprenticeships are to young people currently.
In our paper, we use administrative […]
The recent controversy over Canada’s ‘supply management system’ of agricultural protection during the regional US-Mexico-Canada Trade Agreement (USMCA) negotiations was a timely reminder of the entrenched protectionism in nations that retain a theoretical commitment to international ‘free trade’. It also indicates that deviations from free trade in many guises thrive in market economies where benefits are concentrated, and costs […]
In the 1960s, there were worries that U.S. economic growth would lead to increasingly dangerous levels of pollution, and that by the year 2000, air pollution would make cities like Los Angeles and New York uninhabitable. Instead, U.S. air quality has improved dramatically since then. Between 1990 and 2008, emissions of the most common air pollutants from U.S. manufacturing […]
As we approach the date for leaving the EU, the government has been publishing a series of statutory instruments (U.K. secondary legislation), on-shoring and amending EU regulations ahead of Brexit. This is being done under the European Union (Withdrawal) Act 2018. During the past weeks risks in this sector linked to a no deal scenario have increased significantly. However, despite […]
In the past few years there has been a cavalcade of regulations imposed on European capital markets. While most of these changes are observable only to practitioners, some of them have had immediate visible effects for retail investors. One such rule is the necessity for a ‘key investor document’ (KID) for certain investment products.
A principle aim of global regulators […]
It is well documented that there are few women at the top of organisations. A frequently suggested reason for this scarcity is that women simply lack role models: you cannot be what you cannot see. However, although there may be few senior women who might function as role models in women’s immediate organisational environment, the number of celebrity businesswomen […]
Recently on the LSE USAPP blog, Wayne Hall wrote on the effects of legalized cannabis in North America, arguing that the, ‘jury is still out’ on whether legalization of cannabis has been a good thing. Hall’s analysis focused on issues of youth consumption, dependence, and the potential substitution of alcohol for cannabis. These are his areas of specialization and his assertions […]
High frequency trading (HFT) activity has increased over recent years. In a recent paper, Rene Carmona and Kevin Webster claimed that about 70 per cent of all the transactions in the US equity market were carried out using this tool in 2010, although it is now thought that the percentage in recent years has declined somewhat to around 50-60 […]
While women have made substantial inroads into the world of work and organisational hierarchies, many science, technology, engineering and maths (STEM) related fields such as engineering, still appear stubbornly resistant to gender diversity. Even from the perspective of many of the women who actually work in these industries.
Despite the best efforts of many firms, gender equality in terms of […]
“Give me a fulcrum and a lever long enough, and I shall move the world” – so the great Greek mathematician Archimedes used to say. In the Italian macroeconomic context, many are similarly convinced that if only we pushed more on the fiscal lever, we could set in motion an economy that has stagnated for almost 20 years, and […]
Back in the day — I remember it well, it was only ten years ago! — when a large company wanted to raise money it would almost certainly issue equity or debt. These securities would then be exchanged with investors for the relevant currency, with the investors expecting higher cash flows in return at a later date. From my desk […]
The internet of things – it’s a wonderfully vague term, but one that both consumers and businesses will have been hearing a lot over recent years. IoT is, after all, one of the single biggest areas of technological development that is reshaping the world around us. In short, the umbrella term refers to the way in which devices – […]
Economics for the Common Good. Jean Tirole (trans. by Stephen Randall). Princeton University Press. 2017.
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Economics – that seemingly impenetrable mix of mathematical wizardry and eye-glazing theorising – has long appeared wholly inaccessible to the majority of the public (and even, it might be added, many members of the intelligentsia). Its roots were remarkably readable – for […]
When an organisation makes loud claims about equality at work, they’re not contributing to the agenda. They’re taking from it. They’re withdrawing reputation and brand equity and depositing little back in return.
To return that equity, they need to take meaningful action. You can often spot ‘meaning’ because it brings risk and scrutiny. It’s likely to lead to a structural […]