The UK set its first climate change target back in 1997 under the Kyoto Protocol. With a commitment to reduce emissions by 12.5 per cent below 1990 levels between 2008 and 2012, the target allowed for incremental decarbonisation efforts as opposed to an economy-wide transition. Nonetheless, the UK managed to reduce its carbon intensity (tonnes of carbon emitted per […]
It is well known that on average women tend to earn less than their husbands. A less known fact is that there are particularly few couples in which women earn just a bit more than their husbands relatively to what one would expect — given the number of couples in which women earn just a bit less than their […]
Young Working-Class Men in Transition. Steven Roberts. Routledge. 2018.
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Steven Roberts’s book Young Working-Class Men in Transition provides a much-needed intervention into the field of critical studies on men and masculinities. This seven-year longitudinal study of young men from working-class backgrounds in the south-east of England counters dominant narratives of working-class men as regressive, violent and upholding […]
CEOs in multi-business companies act as internal investors for business units. Our research suggests that they approach resource allocation in one of two very different ways. Liberal-leaning CEOs, seeking collaboration among units, are more likely to favour an even-handed approach when allocating resources. Conservative-leaning CEOs, seeking to spur competition, tend to favour merit-based allocations that may create large disparities […]
When one loses a job or is unemployed for a period, there are several options to mitigate the loss or lower income, such as borrowing, delaying consumption of certain goods and services and relying on social benefits. Living together with others presents a unique opportunity to insure against such adverse income shocks. When one is unemployed, another household member […]
Back in 2015, when the Paris Agreement was signed, just a handful of regulators were engaged with climate change risk, notably the Bank of England and the People’s Bank of China.
But now momentum is growing. March 2019 alone saw three important steps forward. First, the Bank of England’s Mark Carney, one of the first central bankers to take action […]
The Future of Capitalism: Facing the New Anxieties. Paul Collier. Allen Lane. 2018.
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Prominent economist Paul Collier offers a forthright discussion of capitalism in his new book with candid personal touches. Shedding light on a topic under constant discussion, Collier undertakes diligent work in The Future of Capitalism. Staying away from clichés and easy dichotomies, the book […]
In 2017 Russian president Vladimir Putin said that whoever becomes the world leader in the sphere of artificial intelligence (AI) will become the ruler of the world. Unsurprisingly, given his position (and previous form), his words were widely interpreted by the press as an attempt to draw divisions between nations – in particular, the two AI superpowers, China and […]
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 […]
People regularly interact with their family, friends, and colleagues, but the effects of such social interactions on economic and financial decision-making are not well understood. Do such interactions influence people’s assessment of the attractiveness of investments such as houses or stocks, and if so, is the actual investment behaviour of those people affected? Are individuals more likely to purchase […]
Commodity: The Global Commodity System in the 21st Century. Photis Lysandrou. Routledge. 2019.
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Classical political economy begins from the premise that capitalism must be understood as an integrated social, political and economic order. This presents a number of methodological challenges. The capitalist world is multifaceted, operates at numerous geographical scales and is embedded within an intricate web […]
German banks have long grumbled about the squeeze to their net interest margins as a result of the European Central Bank’s (ECB’s) policy of paying a negative interest rates on reserves held at the ECB (banks that deposit at the ECB now pay 0.4 per cent on those deposits, rather than earn a positive interest rate as they would typically […]