Economy

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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 […]

April 24th, 2021|Asif Islam, Economy, Grégoire Rota-Graziosi, Rabah Arezki|0 Comments|
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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 […]

April 18th, 2021|Book Reviews, Economy, Samira Azabar|0 Comments|
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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 […]

April 9th, 2021|Economy, Jeannette Wicks-Lim|0 Comments|
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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 […]

April 8th, 2021|Economy, Stephanie Rickard|0 Comments|
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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 […]

April 4th, 2021|Book Reviews, Economy, Flora Parkin|0 Comments|
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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 […]

April 3rd, 2021|Economy, Scott Aquanno, Stephen Maher|0 Comments|
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    Book Review: The Asset Economy by Lisa Adkins, Melinda Cooper and Martijn Konings

Book Review: The Asset Economy by Lisa Adkins, Melinda Cooper and Martijn Konings

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In The Asset Economy, Lisa Adkins, Melinda Cooper and Martijn Konings retell the story of neoliberalism through the lens of assets, showing how asset ownership and asset inflation have been driving forces behind inequality and new class divides. This book is a highly readable and timely intervention in the burgeoning debate on rentiership and will inspire future research in showing the […]

March 28th, 2021|Book Reviews, Economy, Nils Peters|0 Comments|
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    Trump’s tax cuts in 2017 helped decrease risks for pension plans

Trump’s tax cuts in 2017 helped decrease risks for pension plans

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When pension plans pay pre-defined benefits to retirees, the responsibility for funding future benefits falls primarily on the company sponsoring the plan. The large and unpredictable contributions needed for defined-benefit plans act as a constraint on sponsors’ investment activities, and underfunding often occurs. This has been driving an increasingly vocal conversation on de-risking these plans. Divya Anantharaman, Saipriya Kamath, and […]

March 20th, 2021|Divya Anantharaman, Economy, Saipriya Kamath, Shengnan Li|0 Comments|
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How the West can respond to China’s technology surge

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The West still outperforms China in most areas of advanced technology but has much to learn about how it lost the lead in some areas. China’s technology surge to dominance in a few sectors is the consequence of a set of concrete factors that either exist already in Europe, can be created, or used to exist and can be […]

February 27th, 2021|Economy, Jonathan Liebenau|0 Comments|
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