have not yet seen Lin-Manuel Miranda’s hit Broadway show Hamilton. I feel badly about this for three reasons. First, Miranda is a 2002 Wesleyan graduate, a loyal and generous alumnus who gave a great commencement speech in 2015 and remains solidly committed to the university. Second, the music and lyrics are, quite simply, amazing. Third, as an economic historian, it is heartening to see one of America’s economic heroes make it to Broadway.
We are proud to announce that the winner of this year’s George R. Terry Book Award is Trust in a Complex World, by Charles Heckscher. The George R. Terry Book Award is awarded to the book that has made the most outstanding contribution to the global advancement of management knowledge. What’s more, a further two Oxford University Press titles were named as finalists this year.
Milton Friedman is regarded as one of the most prominent economists of the twentieth century, contributing to both economic theory and policy. 31st July is his birthday, and this year marks 10 years since his death, and 40 years since he won the Nobel Prize for Economics for his contributions to consumption analysis and to monetary theory and history.
I was in a taxi in Hong Kong several years ago, stuck in traffic in the pouring rain. I said to my Hong Kong-based colleague how notable it seemed that all the apartment buildings looked exactly the same. “Cheaper that way isn’t it?” was his response, “Just design one then put up 50. Obvious really.”
Marketing as a business function has swept the world. It is the fastest growing global business activity. It has infiltrated all aspects of life, not just the economic – but also the political, social and personal.
“Mateship” is an Australianism – my American spell-checker doesn’t recognise it – and it’s one that captures something widely held to be distinctive about Australia. Like many Australianisms, the word existed well before there were any Australians in the ordinary sense.
Platform businesses are the current darlings of digital disruption. Uber, Airbnb, Taskrabbit, and their ilk dodge the overheads of traditional businesses. Their services are provided by private contractors and not by employees with all of their expensive entitlements.
Before looking forward to 2050, we must first look back at the key economic and social developments during the past half a century, and perhaps look even further back than that. The rapid rise of emerging economies during the last 50 years is truly astounding in the long-term historical context. Developing economies now account for over half of the global output (55%, in PPP terms).
Stephen Smith, author of Taxation: A Very Short Introduction, tells us 10 things we need to know about taxation, and gives us an insight into why we need taxes, how economic processes determine taxes, and how they can make political change.
One of the issues that distinguishes Donald Trump from mainstream Republicans — aside from his bigotry towards Mexicans, women, and Muslims—is his opposition to free trade, which has been a staple of Republican ideology since shortly after World War II.
Cycling has always been a global activity, and in the 21st century a marketing phenomenon. At its simplest, the bicycle is a functional form of transport that was invented sometime in the early 19th century, although attribution to a single inventor is not possible as there appear to have been a number of prototypes developed throughout Europe.
BHS is, or perhaps that should read was, a familiar presence to shoppers across the UK, with over 160 stores in high streets and shopping centres. The general merchandise retailer combining clothing and home products had traded for nearly 90 years before it was placed into administration in April 2016.
Amidst the uncertainty around what will happen after Britain’s historic vote to leave the European Union, there is some clarity about the next steps. Boris Johnson, the prominent Leave campaigner and PM contender, has set out his views in a newspaper article in which he says that Britons will have the right to live and work in the EU.
Where will Uber stop? After the news that the Saudi’s have decided to invest $3.5bn in the company, came details of a further $2bn Uber wants to raise from financial markets using tecniques never deployed before by a start-up.
Indian multinationals have been quick learners in internationalization both in scale and speed. One of the core strengths of Indian firms is to extract maximum value from even ailing businesses by applying innovative and cost effective methods that they have developed over the years in an extremely resource constrained and uncertain domestic environment.
Current statistics show a startling lack of diversity in corporate boardrooms. In February 2014, Fortune reported that just over 4% of Fortune 500 CEOs were minorities, a classification including African Americans, Asians, and Latin Americans. This is particularly disturbing given that these classifications of minorities comprised 36% of the United States population, and that many top business schools boast that ethnic or racial minorities comprise 25% or more of their student bodies.