In Mean Girl: Ayn Rand and the Culture of Greed, Lisa Duggan offers a new thesis on the infamous literary, cultural and political icon, Ayn Rand, exploring how the adoption of many of her philosophical and political ideas and beliefs helped fuel the insidious shift towards neoliberalism. Duggan’s skills as a cultural historian and her sharp-witted socio-political commentary fuse seamlessly together […]
Proponents of stakeholder capitalism can signal their separation from the impostors in two areas: proportionality and optionality, writes Lutfey Siddiqi.
Milton Friedman versus Klaus Schwab – it was a battle between two world views. In 1970, Friedman wrote his seminal essay on the role of the firm effectively arguing that the “business of business is business” and that wider stakeholder […]
Banking culture is as honest as other professional cultures, and varies across institutions and jurisdictions, write Zoe Rahwan and Barbara Fasolo.
“Honesty is the first chapter in the book of wisdom.” That’s what Thomas Jefferson, Founding Father and third president of the United States, once said. If that’s true, then you might think that bankers are stuck on the first […]
The issue of inequality now dominates politics on both sides of the Atlantic, with concerns over the wealth of the top 1% fuelling movements like Occupy Wall Street and the presidential candidacies of Senators Berne Sanders and Elizabeth Warren. Andy Summers responds to recent research which suggests a new way to measure incomes, which may then change what we […]
Investors feel more socially connected with the CEO who tweets, which could benefit the executive, write Andrea Seaton Kelton and Robin R. Pennington.
Social media provides today’s CEOs a quicker and more direct way to communicate with investors. The Securities and Exchange Commission cleared public companies to use social media to disclose information as long as investors know which social […]
Book Review: Taking the Floor: Models, Morals and Management in a Wall Street Trading Room by Daniel Beunza
In Taking the Floor: Models, Morals and Management in a Wall Street Trading Room, Daniel Beunza analyses how the use of economic models and the moral disengagement this has created have significantly transformed the global financial industry through an ethnographic study conducted at an equity derivatives trading room of an international bank located in New York City. This is a significant contribution […]
Book Review: Unbound: How Inequality Constricts Our Economy and What We Can Do About It by Heather Boushey
In Unbound: How Inequality Constricts Our Economy and What We Can Do About It, Heather Boushey offers an almost encyclopaedic account of inequality’s impact on the US economy, focusing on the way in which inequality obstructs, subverts and distorts. While this is a valuable compilation of the growing evidence that inequality is damaging the US economy, Liam Kennedy argues that the book neglects […]
For actors in their 50s and older, the earnings differential more than doubles in dollar volume, writes Sofia Izquierdo Sanchez.
In 2015, Patricia Arquette won the Oscar for best supporting actress, her speech was a call for equal pay among female and male stars in Hollywood. Her words at the gala ceremony were cheered and later on supported by widely […]
Like many other Western countries, the US has a substantial gender wage gap, much of which can potentially be attributed to a lack of affordable childcare options which tend to restrict mothers’ work opportunities far more than fathers’. Bethany A. Carter argues that policymakers should look to the former East Germany for potential solutions to this gap. There, she […]
In Why Not Default? The Political Economy of Sovereign Debt, Jerome Roos explores why sovereign defaults have been an undesirable last option by systemically unpacking the structural characteristics of the contemporary debt market. This is a fresh and painstakingly researched approach that raises vital questions for economists, political scientists and policymakers to address in the era of relatively low cost, yet […]