Economy

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    Book Review: Easy Living: The Rise of the Home Office by Elizabeth A. Patton

Book Review: Easy Living: The Rise of the Home Office by Elizabeth A. Patton

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In Easy Living: The Rise of the Home Office, Elizabeth A. Patton explores how the status of the home as an intimate space and locus of economic activity is closely tied to the economic, social and cultural transformations of the past century. This accessible and engaging account sheds necessary light on the history of working from home and the vested interests […]

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    Why the US minimum wage system is well-designed to handle the country’s economic diversity

Why the US minimum wage system is well-designed to handle the country’s economic diversity

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Earlier this year, the Biden administration withdrew an increase of the federal minimum wage to $15 from its COVID-19 relief bill. But to what extent should the federal government be setting a one size fits all minimum wage policy for the US? In new research, Andrew Simon and Matthew Wilson evaluate the US’ hybrid minimum wage system which allows […]

Towards a feasible income equality

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To reach perfect income equality, factors that determine individual income, such as intelligence, inherited wealth, personalities, and social skills, should be identical for everyone. That is an infeasible ideal. Chae Un Kim and Ji-Won Park propose a more feasible and realistic concept of income equality that could be incorporated in the Gini coefficient, the most widely used measure of inequality, guaranteeing […]

The macroeconomic damage from gender discrimination

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Daniel Stempel and Ulrike Neyer analyse the effects of gender discrimination on macroeconomic outcomes. Their study suggests that if there were no gender discrimination, adverse economic shocks like the COVID-19 pandemic would be less detrimental to economic activity. Additional consequences of gender discrimination come via monetary policy: central bank reactions to the crisis end up increasing discriminatory wage gaps and […]

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    Bottom-up reforms to open up defense research contracting leads to greater innovation

Bottom-up reforms to open up defense research contracting leads to greater innovation

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Since the 1970s, major US defense contractors have become less innovative than their non-defense counterparts. In new research, Sabrina T. Howell, Jason Rathje, John Van Reenen and Jun Wong assess the US Air Force’s recent ‘Open’ bottom-up reform which gives defense contractors more freedom to go beyond technology specifications. They find that winning Open contracts meant firms were more […]

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    Creating jobs at home by investing overseas – a counterintuitive truth

Creating jobs at home by investing overseas – a counterintuitive truth

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Firms with direct investment in other countries create jobs at home. This is a counterintuitive fact that defies political thinking, especially in these rapidly changing times of populism and cries against global economic integration. Riccardo Crescenzi, Roberto Ganau, and Michael Storper study the number of jobs new foreign direct investment by domestic companies creates abroad, in comparison with local employment levels. They […]

Reddit’s self-organised bull runs

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The shares of GameStop rallied in January after discussions on the social media site Reddit led to a wave of buying of the videogame and consumer electronics retailer’s stock. Valentina Semenova and Julian Winkler study the implication of the use of trading apps and forum discussions among retail investors and write that it is unlikely that this new `modus operandi’ will […]

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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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