Economy

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    Book Review: Before the Neoliberal Turn: The Rise of Energy Finance and the Limits to US Foreign Economic Policy by Simone Selva

Book Review: Before the Neoliberal Turn: The Rise of Energy Finance and the Limits to US Foreign Economic Policy by Simone Selva

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In Before the Neoliberal Turn: The Rise of Energy Finance and the Limits to US Foreign Economic Policy, Simone Selva analyses the struggles of various US presidents to maintain America’s competitive edge while stimulating domestic growth between the 1960s and the late 1970s. This book is a valuable resource for those looking to understand the history of energy finance […]

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    When it comes to controlling taxes in the long term, supermajority rules in state legislatures are more symbolic than effective

When it comes to controlling taxes in the long term, supermajority rules in state legislatures are more symbolic than effective

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In 16 US states, a supermajority of legislators must agree on any new, or increase in existing taxes. But do such supermajority rules deter state legislatures from increasing taxes on citizens? In new research, Soomi Lee finds that in the short term, supermajority rule reduces the tax burden, but that this effect disappears after about 12 years.

In a democracy, […]

March 26th, 2019|Economy, Soomi Lee|0 Comments|
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    Book Review: How Nations Succeed: Manufacturing, Trade, Industrial Policy and Economic Development by Murat A. Yülek

Book Review: How Nations Succeed: Manufacturing, Trade, Industrial Policy and Economic Development by Murat A. Yülek

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In How Nations Succeed: Manufacturing, Trade, Industrial Policy and Economic Development, Murat A. Yülek offers insight into forward- and outward-looking industrial policy formulation that can further enhance national prosperity, with particular emphasis placed on capacity-building processes, skill accommulation and science and technology development. This is an excellent volume on industrial development and the sustainable policies to drive this, recommends Uchenna R. Efobi. 

How Nations Succeed: […]

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    Trump is learning the wrong lessons from Ronald Reagan – innovation policy is better than protectionism

Trump is learning the wrong lessons from Ronald Reagan – innovation policy is better than protectionism

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Donald Trump has cited the example of one of his US presidential predecessors, Ronald Reagan, in support of his protectionist policies. But as research by Ufuk Akcigit, Sina Ates and Giammario Impullitti shows, it was the Reagan administration’s innovation policy – not a retreat from globalisation – that promoted long-run growth in the US economy.

In March 2018, […]

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    Book Review: Uncertain Futures: Imaginaries, Narratives, and Calculation in the Economy edited by Jens Beckert and Richard Bronk

Book Review: Uncertain Futures: Imaginaries, Narratives, and Calculation in the Economy edited by Jens Beckert and Richard Bronk

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In Uncertain Futures: Imaginaries, Narratives, and Calculation in the Economy, editors Jens Beckert and Richard Bronk bring together contributors to explore expectation formation in economics, with essays providing vivid historical and empirical examples of fictional expectations as an alternative to the prevalent rational expectations hypothesis. This is a thought-provoking and analytically helpful collection, finds Ekaterina Svetlova, which challenges established assumptions and suggests […]

February 24th, 2019|Book Reviews, Economy|0 Comments|
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    The Ballpark Podcast Extra Innings: Lessons from History and the Future of International Trade with Jeff Frieden and Doug Irwin

The Ballpark Podcast Extra Innings: Lessons from History and the Future of International Trade with Jeff Frieden and Doug Irwin

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In this Extra Inning of the Ballpark Chris Gilson hosts a conversation between Jeff Frieden and Doug Irwin as they discuss one of the most important parts of the economy: international trade. They talk about the changing consensus on trade in the US under Trump, what the growth of populism across the world means for trade and the international economy, Brexit, the […]

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    The 2008 crisis failed to displace neoliberalism’s core principles

The 2008 crisis failed to displace neoliberalism’s core principles

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IMF speeches do little to confirm hopes that the crisis would give rise to a more progressive capitalism, write Kevin Farnsworth and Zoë Irving.

It is now over ten years since the collapse of Lehman Brothers paved the way for the biggest, most global, and most significant financial crisis in living memory. It brought the global capitalist economy to its […]

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    Book Review: The Color of Money: Black Banks and the Racial Wealth Gap by Mehrsa Baradaran

Book Review: The Color of Money: Black Banks and the Racial Wealth Gap by Mehrsa Baradaran

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In The Color of Money: Black Banks and the Racial Wealth Gap, Mehrsa Baradaran studies the crucial role that financial structures have played in creating and maintaining racial inequalities in the United States. This book is not only a valuable historical commentary on the relationship between wealth inequity and racial discrimination, writes Juvaria Jafri, but also contains rich material on the political economy […]

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    Book Review: Winners Take All: The Elite Charade of Changing the World by Anand Giridharadas

Book Review: Winners Take All: The Elite Charade of Changing the World by Anand Giridharadas

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In Winners Take All: The Elite Charade of Changing the World, Anand Giridharadas explores and unpacks various myths regarding the role of elites in engendering social change, showing how the efforts of America’s elite to ‘do good’ typically help to maintain their advantaged positions. This is an eloquently delivered yet scathing critique of the emphasis placed upon elites over social institutions […]

A new measure to assess companies’ external engagement

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Big data and advanced analytics allow us to justify investment in social media, just like with other investments, write Witold Henisz, Dhruv Malhotra and Robin Nuttall.

Could a single tweet destroy your company? Just a few years ago, a question like that might have seemed absurd. But now that possibility is something that executives and investors around the world are […]

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