Economy

Are young workers ready to save the US labor movement?

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With union membership rates in the United States declining over the last several decades, many in the labour movement are asking whether the young workers of today could help spark union revitalisation. Members of the Millennial and Gen Z generations have led recent hard-fought union certification victories at an Amazon warehouse in New York, an Apple store in Maryland, and […]

Book Review: Capital and Ideology by Thomas Piketty

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In Capital and Ideology, Thomas Piketty proposes a vision for a fairer economic system grounded in ‘participatory’ socialism. This encyclopaedic, rewarding work merits thoughtful engagement and is essential reading, writes Ewan McGaughey.

Capital and Ideology. Thomas Piketty (translated by Arthur Goldhammer). Harvard University Press. 2020.

Thomas Piketty’s Capital and Ideology is an encyclopaedic, rewarding work that merits thoughtful engagement. ‘I think this is a […]

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    Greater economic support would have softened the effects of the COVID-19 pandemic on labor markets across the states

Greater economic support would have softened the effects of the COVID-19 pandemic on labor markets across the states

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The COVID-19 pandemic has seen over one million deaths and millions of infections in the US since early 2020. In new research, Theologos Dergiades, Costas Milas and Theodore Panagiotidis find that many of the measures aimed at tackling the pandemic, such as mask-wearing and social distancing also had effects on unemployment in the states. They write interventions like lockdowns […]

How do central banks think?

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Central bank research papers are a good source of information about the topics they are exploring as policies are shaped. These papers could also help us understand the thinking behind policy recommendations in the past. Tohid Atashbar analysed two decades’ worth of central bank publications to find out how they think and act.

Research is one of the main engines behind […]

Dealing with the social repercussions of globalisation

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Globalisation has been linked to social disintegration and political backlash against trade. How does this happen? And if we can absorb globalisation shocks to society, what are relevant policies to do so? Kasper Vrolijk proposes a framework that links globalisation to social cohesion outcomes, identifying three channels through which cohesion is affected: workers, households, and firms.

It has become increasingly clear that […]

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    Book Review: Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever by Robin Wigglesworth

Book Review: Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever by Robin Wigglesworth

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In Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever, Robin Wigglesworth explores the emergence of the index fund as an unrivalled invention in recent financial history. Taking the reader on a road trip through the history of financial markets, this readable book will be enjoyed by those who have studied economics and are […]

Who is ‘Davos Man’ today?

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For decades, the World Economic Forum’s annual meeting in Davos, Switzerland, has attracted a lot of criticism and the idea of a “Davos Man”, rich, alienated, detached from his national roots, and full of empty talk, became a popular trope. However, Shawn Pope and Patricia Bromley analysed all of the organisation’s press releases for the past eight years and found that […]

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    Book Review: Beyond Money: A Postcapitalist Strategy by Anitra Nelson

Book Review: Beyond Money: A Postcapitalist Strategy by Anitra Nelson

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In Beyond Money: A Postcapitalist Strategy, Anitra Nelson makes the case for abolishing money to achieve a truly postcapitalist future and explores how societies without money might be organised in everyday life. Through its expansive coverage and imaginative connections, this inspiring book encourages us to ponder why it might be ‘easier to imagine the end of the world than the end […]

How high will inflation rise and how long will it last?

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After a longer period of low inflation – way below most central banks’ targets – prices have started to rise again. Based on his research with colleagues Anna-Lena Herforth and Jonas Zdrzalek, Markus Demary looks at the drivers of the higher inflationary environment and draws conclusions about how persistent it will be.

What looked like a combination of many one-off effects in […]

The importance of human capital in the era of automation

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As new technologies continue to displace workers, technological progress also creates new occupations depending on the interplay between humans with machines, causing a skill mismatch. Giuseppe Di Giacomo and Benjamin Lerch discuss how workers are responding to the growing automation of production processes, and why human capital adjustments are crucial for future labour market competition.
Industrial robots
Industrial robots are among the leading automation technologies […]

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