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Farmers will be vulnerable under a no-deal Brexit

The countryside is generally perceived as a quiet and restrained place, and yet it has a long history of rebellion, riots and uprising in response to external pressures and changes. The Rebecca Riots in west and mid-Wales which lasted from 1839 to 1843 have gone down in history as a period where farmers took direct action at the perceived […]

September 28th, 2019|Economics|0 Comments|
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    Insurers need to extend climate risk disclosure to customers

Insurers need to extend climate risk disclosure to customers

Climate risk disclosure has advanced rapidly over the last four years, since governor of the Bank of England Mark Carney highlighted the risks of climate change to the finance and insurance industries in his Tragedy of the Horizon speech. The focus on climate risk disclosure has driven demand for physical climate risk analytics in a range of sectors, spurred on largely […]

Is there success after a career in sport is over?

As England basks in a glorious summer of cricket and presently, for those interested, look forward to the rugby world cup in Japan, it becomes clear how sport as a form of entertainment and a multi-billion dollar industry can capture public imagination. However, for every Ben Stokes, Lionel Messi or Lebron James there are thousands of elite athletes across […]

September 26th, 2019|Career & Success|0 Comments|

Openness to trade saved the Irish economy

The remarkable recovery in the Irish economy since 2013 has surprised many observers. Having been particularly affected by the international financial crisis of 2007/08, Irish economic activity has grown significantly since 2013, outpacing the rest of the euro area.

The emergence of the “Celtic Tiger” in the mid-1990s had been driven by an increasing reliance on trade. However, a property-related […]

September 25th, 2019|Economics|0 Comments|
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    How digital businesses can leverage the high cost for consumers to switch platforms

How digital businesses can leverage the high cost for consumers to switch platforms

As industry boundaries are reshaped by digitisation, firms are developing more continuous and open-ended relationships with stakeholders as well as more intense coordination among firm functions across the value chain. However, strategically responding to the new digital landscape requires rethinking how digital business models can most securely lock-in customers. I argue that, when coupled with other foundational digital strategies, […]

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    Hidden in plain sight: the ghost in the automation and future of work debate

Hidden in plain sight: the ghost in the automation and future of work debate

Looking at the big picture it is not easy to pick your way through the media representations of the debate around automation, robots and the future of work. Sources and multiple studies are, in fact, very variable in quality, evidence and rigour. Nevertheless, media narratives seem to polarise around two storylines — hype or fear. “Hype” tells us that […]

The Psychology of Fashion – Book Review

The Psychology of Fashion. Carolyn Mair. Routledge. 2018.

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You may not be into fashion, but you cannot escape fashion consumption. Fashion is an important way that we present ourselves to the world in our everyday life (Erving Goffman, 1956). As consumer culture conquers the world, fashion is not a peripheral, frivolous matter; rather, it holds more individual meanings […]

September 22nd, 2019|Book Review|0 Comments|

Behind every successful man…

In June 2019, journalist Anne Helen Petersen tweeted a screenshot of the acknowledgements section of the book Downsizing in America (New York: Russell Sage, 2003). In it, the book’s authors – William J. Baumol, Alan S. Blinder, and Edward N. Wolff – thank Sue Anne Batey Blackman for her contributions, stating that she was “a coauthor in all but name.” […]

September 21st, 2019|Gender|0 Comments|

The efficiency of the IPO market: homo economicus lives

In the initial public offering (IPO) market, sophisticated issuers with considerable sums at stake acquire underwriting services from a large number of capable and highly competitive investment banks. Neoclassical economics implies that such a market will (well, really, must) reach an efficient equilibrium. Yet, in practice, the IPO market has a number of highly unusual features that has led […]

Bitcoin: from currency to investment

While attending the 2019 American Sociological Association annual conference in New York, I came across an advertisement that nicely captures the competing visions within the bitcoin community. The ad (Figure 1) depicts a scene from the American Revolution, illustrated in pointillist style to evoke American paper currency. A slogan, “The revolution needs rules,” overlays a throng of white men, each […]

The potential dark side of teamwork

Most work today is done in teams where employees collaborate, discuss new ideas, and share responsibilities for specific goals. While this leads to a lot of good – like greater productivity and performance – teamwork can also be demanding and cause a lot of frustration. There are coordination costs to managing teams, as well as interpersonal conflicts that put […]

The road to zero emissions

War-games are old hat. Destroying a tank, a battalion, even an army, pales to insignificance compared to laying waste to an entire planet in the global heating game. Let us say, the dial to climate catastrophe is measured in parts of atmospheric carbon per million (ppm). Before the industrial era, the dial stayed at 280 ppm for millions of […]

September 17th, 2019|Environment|0 Comments|
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    Why are some executives paid mostly in salary, while others in bonus?

Why are some executives paid mostly in salary, while others in bonus?

In 2016 Dave Barnes, chief information and global business services officer of UPS, received a salary of $491,000 and a bonus payment of $251,000, while Pawan Verma, chief information and customer experience officer at Foot Locker, had a salary of $216,000 and a bonus of $664,000. Why in one case did the CIO receive the majority of his compensation in salary, […]

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    The Technology Trap: Capital, Labour and Power in the Age of Automation – Book Review

The Technology Trap: Capital, Labour and Power in the Age of Automation – Book Review

The Technology Trap: Capital, Labour and Power in the Age of Automation. Carl Benedikt Frey. Princeton University Press. 2019.

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It seems that barely a month can pass without new forecasts of technology-induced job losses hitting the front pages. The Office for National Statistics are at it, Deloitte, PricewaterhouseCoopers, the Organisation for Economic Co-operation and Development (OECD); the […]

September 15th, 2019|Book Review|0 Comments|
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    Floods of money may not be the most effective tool against fires in the Amazon

Floods of money may not be the most effective tool against fires in the Amazon

The Brazilian Amazon is in flames again. At the meeting of the G-7 in late August, France’s President Emmanuel Macron led the way in pledging millions of euros to help put out the fires. Canada, the United Kingdom, and others have followed suit. But what can this unusually generous impulse achieve? Can the floods of international money put out […]

September 14th, 2019|Environment|0 Comments|

What would Weitzman say?

In the classroom I simply refer to him as “Weitzman”, in the same way people simply refer to Keynes, Arrow, Solow, or Hicks. Such widely understood abbreviations reflect their high standing and unique contributions. Students recognised the importance of Weitzman’s contributions to economic theory too. After a year-long lecture series, one of my students proposed a t-shirt with “What […]

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    The row over the Irish backstop reveals a lot about the contradictions of Brexit

The row over the Irish backstop reveals a lot about the contradictions of Brexit

A fortnight can be a very, very long time in politics. The plasticity of British politics has become mesmerising. A no-deal Brexit on 31st October, which for a moment looked all but inevitable, now seems to have melted into air. Sometimes, it is easy to become despondent when faced with the brutal immorality of vicious ideologues and moneyed elites. But […]

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    Income inequality among different ethnic groups: the case of Malaysia

Income inequality among different ethnic groups: the case of Malaysia

In much of the developing world, economic power is largely concentrated in the hands of a “market-dominant” ethnic minority. The classic case is southeast Asia, where the Chinese, usually a tiny proportion of the population, enjoy an overwhelmingly dominant economic position. In Malaysia, the average Chinese household had 1.9 times as much wealth as the Bumiputera (Khalid 2007); in […]

September 11th, 2019|Economics|1 Comment|
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    Can organisational culture explain the labour market discrimination of ethnic minorities?

Can organisational culture explain the labour market discrimination of ethnic minorities?

The most recent statistics confirm an ongoing reality for British black and minority ethnic (BME) groups, which is that they are typically twice as likely to be unemployed as their white counterparts. Indeed, while overall unemployment rates remained static between the January-March and April-June 2019 accounting periods, the rates for white unemployment improved marginally from 3.4 to 3.3 per […]

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    How management structures can help firms hire and keep their best people

How management structures can help firms hire and keep their best people

Total Factor Productivity (TFP) is a measure used by economists and business people to quantify the productivity of economies and firms. It essentially measures how efficiently and intensively the inputs to production (like capital and labour) are used. TFP receives a lot of attention and is often the main point of motivation behind research projects. Technology affects how these […]

September 9th, 2019|Economics, Management|1 Comment|