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    Amidst the coronavirus chaos, businesses need resilience thinking

Amidst the coronavirus chaos, businesses need resilience thinking

When I started running the numbers at the end of January, I reluctantly began to draw my own conclusions regarding plausible future scenarios. I had a hard time convincing myself. I subsequently (re) learned that good old fashioned ‘denial’ is the first step of dealing with any crisis. As any good academic, I had written about it, but was […]

March 18th, 2020|Strategy|0 Comments|
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    We can increase happiness through public policy – and in our jobs and private lives too

We can increase happiness through public policy – and in our jobs and private lives too

Thomas Jefferson said that ‘The care of human life and happiness… is the first and only legitimate object of good  government.’ We agree with him, as did the LSE’s main architects – the Webbs and William Beveridge. So too do an increasing number of policymakers worldwide: only last October, the European Union’s Council of Ministers requested that all of […]

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    Tough times call for transformations in leadership development

Tough times call for transformations in leadership development

How does leadership development need to change in the light of the turbulent and fast-changing economic, political and social environment organisations find themselves having to operate in? This was the questions global management network EFMD explored in a research project involving a special interest group of 12 member companies, including Bayer, L’Oreal, Nokia, Engie, Swiss Re and Siemens.

The group […]

March 16th, 2020|Strategy|0 Comments|
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    The Theft of a Decade: How the Baby Boomers Stole the Millennials’ Economic Future – Book Review

The Theft of a Decade: How the Baby Boomers Stole the Millennials’ Economic Future – Book Review

If you are interested in this book review, you may like to listen to this ‘Extra Innings’ episode of The Ballpark podcast in which Joseph Sternberg talks to Ballpark host Chris Gilson about his book. 

The Theft of A Decade: How the Baby Boomers Stole the Millennials’ Economic Future. Joseph C. Sternberg. PublicAffairs. 2019.

Find this book: 

‘How is it that […]

March 15th, 2020|Book Review|0 Comments|
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    Coronavirus: survey of economists reveals consensus on a recession

Coronavirus: survey of economists reveals consensus on a recession

The World Health Organization has declared a global pandemic as the coronavirus spreads rapidly across the world. As tumbling stock markets reveal growing fears about the potential economic impact, we invited US and European economists to express their views on the likelihood of a major recession. We also asked them about the relative importance of the supply and demand […]

March 14th, 2020|Economics|1 Comment|
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    Coronavirus: perceptions of mortality and contagion raise economic anxiety

Coronavirus: perceptions of mortality and contagion raise economic anxiety

The rapid and global spread of the new coronavirus within just a few weeks is infecting the global economy. While containment of the virus and efforts to reduce the loss of life have ultimate priority, policy makers need to act quickly to contain the economic fallout. In a new paper, we study how the arrival of the new coronavirus […]

March 13th, 2020|Economics|2 Comments|

Predicting bank distress with machine learning

The great American baseball sage, Yogi Berra, is thought to have once remarked: ‘It’s tough to make predictions, especially about the future’. That is certainly true, but thankfully the accelerating development and deployment of machine learning methodologies in recent years is making prediction easier and easier. That is good news for many sectors and activities, including microprudential regulation. In […]

March 12th, 2020|Finance, LSE alumni|0 Comments|
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    The sharing economy is thriving, but the work of volunteers is often overlooked

The sharing economy is thriving, but the work of volunteers is often overlooked

Airbnb’s open homes program aims to create a social impact by connecting hosts with refugees to support their integration. Uber claims that its car sharing makes cities cleaner. Whether and how the sharing economy helps to advance the agenda around sustainability and to address contemporary societal challenges has stirred important and often heated debates. For many the sharing economy […]

The future of work: opportunities for a gender new deal

Advances in artificial intelligence (AI) have sparked renewed fears regarding the future of work. One widely discussed solution to this perceived problem is a universal basic income (UBI), provoking debates about the justice, efficiency and political feasibility of such an entitlement, whether such an income should be conditional, and how to ensure that it mitigates rather than exacerbates gender  […]

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    Blocked pipeline: the career trajectory of women in strategy leadership

Blocked pipeline: the career trajectory of women in strategy leadership

The discussion of “fair” participation of female professionals in the workforce has been a hot topic in business literature and practice. Several large enterprises, such as Santander, Uber, PWC and McKinsey, to name a few, are putting policies in place to tackle gender inequality. The issue, however, seems to go beyond representation.

The following table shows some of the barriers […]

March 9th, 2020|Gender|0 Comments|
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    Narrative Economics: How Stories Go Viral and Drive Major Economic Events – Book Review

Narrative Economics: How Stories Go Viral and Drive Major Economic Events – Book Review

If you are interested in this review, you can watch a video of Robert J. Shiller speaking about his new book at LSE or listen to a podcast of the event, both recorded on 6 September 2019. 

Narrative Economics: How Stories Go Viral and Drive Major Economic Events. Robert J. Shiller. Princeton University Press. 2019.

Find this book: 

Robert Shiller’s new […]

March 8th, 2020|Book Review|0 Comments|
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    If the UK is high tech, why is productivity growth slow? Economists weigh in

If the UK is high tech, why is productivity growth slow? Economists weigh in

The UK has seen slow rates of productivity growth over the past decade, with output per hour and real wages no higher today than they were prior to the global financial crisis. The February 2020 Centre for Macroeconomics (CFM) survey asked its panel of top UK economists about the causes of and possible policy responses to slow growth in UK […]

Does more competition spur innovation or discourage it?

Increased levels of global trade integration, especially driven by the rise of China, have led to a fierce public debate about the winners and losers from international trade. Recently, calls for protectionism have become louder in many countries, leading to a backlash against globalisation (OECD 2017).

When it comes to firms, the increase in import competition has led researchers to […]

The effect of structural reforms on public debt  

There is broad consensus on the desirability of making markets more efficient, across several economies to increase competitiveness and improve future growth prospects (OECD, 2012; European Commission, 2013; IMF, 2016; OECD, 2012).  In the current policy context, advancing structural reforms is of paramount importance to address the decline in productivity growth — the key long-term driver of living standards — […]

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    Are we becoming digital slaves? Why online ‘privacy’ is a misnomer

Are we becoming digital slaves? Why online ‘privacy’ is a misnomer

There is something odd about calling the misuse of personal data online a privacy ‘issue’. We need ‘privacy’ when we undress or talk to our loved ones; it’s about feelings like shyness and embarrassment. In the digital world we label lots of things as ‘privacy issues’; but is stealing my credit card details and using it to rack up […]

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    Coronavirus puts the world economy in its most precarious position since 2008

Coronavirus puts the world economy in its most precarious position since 2008

Covid-19 (coronavirus) hit China at the start of December and outbreaks have spread more widely. The virus is bringing considerable human pain. It is also resulting in significant economic disruption from quarantines, restrictions on travel, factory closures and a sharp decline in many service sector activities.

The world economy is in its most precarious position since the global financial crisis

Global […]

March 4th, 2020|Economics|0 Comments|

Are recruiting practices throwing away neurodiverse talent?

In their quest for talent, companies conduct hundreds of thousands of competency-based interviews each year. Despite some criticism, competency-based interviews are regarded by many companies as the best way to assess whether a job candidate would perform successfully in the position for which they interview.

Competencies represent a combination of knowledge, skills, abilities, attitudes and behaviours that enable an individual […]

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    In conversation with David Willetts on ‘the deeper failure to understand the value of social science’

In conversation with David Willetts on ‘the deeper failure to understand the value of social science’

Universities play a key role in producing innovation. Most of the investment centres in STEM subjects (science, technology, engineering and maths), even though the social sciences produce a body of knowledge that is of key value to society. A group of UK universities (LSE, Manchester, Sussex, Oxford, Sheffield, Cardiff, and Glasgow) have created ASPECT, a consortium to test and prove the […]

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    How to Do Nothing: Resisting the Attention Economy – Book Review

How to Do Nothing: Resisting the Attention Economy – Book Review

How to Do Nothing: Resisting the Attention Economy. Jenny Odell. Melville House Publishing. 2019.

Find this book: 

The Potential of Nothing is Everything

How to Do Nothing: Resisting the Attention Economy by Jenny Odell caught my attention as someone who is anxious about not doing enough, while feeling I’ve overcommitted to too many things. A function of over-promising and under-delivering in […]

March 1st, 2020|Book Review|0 Comments|
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    Technology can benefit a few superstar workers, at the expense of everyone else

Technology can benefit a few superstar workers, at the expense of everyone else

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 […]