Economy

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    Book Review: Better Business: How the B Corp Movement is Remaking Capitalism by Christopher Marquis

Book Review: Better Business: How the B Corp Movement is Remaking Capitalism by Christopher Marquis

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In Better Business: How the B Corp Movement is Remaking Capitalism, Christopher Marquis offers a new study of the history of the B Corp movement as well as its goals, international expansion and its struggles, arguing that it has the potential to redefine capitalism based on principles of accountability, performance, standards and transparency. Marquis’s access to the movement and ability to write […]

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    Book Review: Corporate Citizen: New Perspectives on the Globalized Rule of Law edited by Oonagh E. Fitzgerald

Book Review: Corporate Citizen: New Perspectives on the Globalized Rule of Law edited by Oonagh E. Fitzgerald

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In Corporate Citizen: New Perspectives on the Globalized Rule of Law, editor Oonagh E. Fitzgerald brings together contributors to explore how the notion of corporate global citizenship has enabled corporations to evade responsibilities and liabilities and block or weaken measures that might increase corporate accountability. This volume serves a valuable purpose in demonstrating the far-reaching and multi-faceted problems surrounding the governance […]

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    Book Review: The Filing Cabinet: A Vertical History of Information by Craig Robertson

Book Review: The Filing Cabinet: A Vertical History of Information by Craig Robertson

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In The Filing Cabinet: A Vertical History of Information, Craig Robertson presents a history of the storage and circulation of documents in early-twentieth-century US offices, showing how the filing cabinet reconfigured office architecture, working conditions and the very definition of information. Revealing the unspooling consequences of the adoption of the filing cabinet by US business, this enjoyable and well-presented book will particularly […]

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    Taming private Leviathans: regulation may be more effective than taxes

Taming private Leviathans: regulation may be more effective than taxes

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The increasing concentration of wealth and economic power calls for policy action to tame the rise of “private leviathans”. Rabah Arezki, Asif Islam and Grégoire Rota-Graziosi argue that, following commodity booms, regulation, especially pertaining to competition, is found to limit concentration of wealth while taxation has little effect. This is consistent with the primacy of ex-ante (preventive) interventions over ex-post […]

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    Book Review: How to Fight Inequality (and Why That Fight Needs You) by Ben Phillips

Book Review: How to Fight Inequality (and Why That Fight Needs You) by Ben Phillips

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In How to Fight Inequality (and Why That Fight Needs You), international civil society activist Ben Phillips offers a new book that aims to empower readers to join the fight to bring an end to inequalities, showing how lessons from the past are key to building a more equitable future. Filled with powerful stories of change secured through the organising […]

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    When the ideas in our heads are worth more than the roofs above them

When the ideas in our heads are worth more than the roofs above them

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When the ideas inside our heads are worth more than the roofs above them, it’s a sign of the times. That is to say, investment in intellectual property – the business of ideas – is now worth more to the US economy than residential real estate – the business of bricks and mortar. This creates a dilemma for measuring […]

April 10th, 2021|Economy, Will Page|0 Comments|
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    What the debate over raising the federal minimum wage to $15 tells us about US politics and society.

What the debate over raising the federal minimum wage to $15 tells us about US politics and society.

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Joe Biden’s America Rescue Plan Act was recently passed by Congress, but without the provision to raise the federal minimum wage to $15. Jeannette Wicks-Lim argues that the politics around increasing the federal minimum wage provide a near-perfect microcosm of wider US politics, including a clear articulation of the country’s social hierarchy. She reminds us that current minimum wage […]

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    Biden’s plan to discourage companies from offshoring production may also help him politically.

Biden’s plan to discourage companies from offshoring production may also help him politically.

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Last week, alongside its $2.3 trillion infrastructure plan, the Biden administration announced a new tax plan to fund it. This plan includes provisions that would discourage the offshoring of jobs and profits by US companies. Stephanie Rickard finds that voters are more likely to vote against governments when offshoring occurs that moves jobs out of their local area. In […]

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    Book Review: Mission Economy: A Moonshot Guide to Changing Capitalism by Mariana Mazzucato

Book Review: Mission Economy: A Moonshot Guide to Changing Capitalism by Mariana Mazzucato

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LSE MSc Environmental Policy and Regulation candidate, Flora Parkin, reviews Mariana Mazzucato’s new book, Mission Economy: A Moonshot Guide to Changing Capitalism, and questions whether it goes far enough to tackle the worsening global climate crisis. 
This review was originally posted on the LSE International Development blog. If you are interested in this book, you can also watch a video of Mariana Mazzucato’s guest […]

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    The new finance capital has blurred the line between industrial and financial corporations

The new finance capital has blurred the line between industrial and financial corporations

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The difference between industrial and financial corporations is no longer clear. Both are now units of finance capital organised around managing portfolios of financial assets. Stephen Maher and Scott Aquanno write that the global restructuring that has accompanied these developments has certainly made working class life more precarious, but far from simply ‘hollowing out’ production, finance has in fact been integral […]

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