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Business & Economics Archives | OUPblog

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Hobson-Worklife Balance

Making choices between policies and real lives

Wrapping up 2014, the EU year of Workplace Reinvention, once again brings Worklife Balance (WLB) policies into focus. These policies, including parental leave, rights to reduced hours, and flexible work hours, are now part of European law and national laws inside and outside of Europe. For example, Japan has similar WLB policies in place.

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How the US government invented and exploited the “patent troll” hold-up myth

A patent like other property rights is a right to exclude others and not a right or an obligation to make the patented invention. Yet today there is a growing campaign by certain industry sectors and the government against patent holders that do not make any products but enforce their patent rights for licensing revenues, often pejoratively called patent “trolls.”

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Allen et al-Towards a Better Global Economy

Where is the global economy headed and what’s in store for its citizens?

The Great Recession of 2008–09 badly shook the global market, changing the landscape for finance, trade, and economic growth in some important respects and imposing tremendous costs on average citizens throughout the world. The legacies of the crisis—high unemployment levels, massive excess capacities, low investment and high debt levels, increased income and wealth inequality—reduced the standard of living of millions of people.

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Doing development differently

It is common that the pendulum of economic development scholarship and practice swings back and forth from one set of (faddish) ideas to another. But beneath this back-and-forth cycling is another, longer cycle the tension between a search for grand, seemingly scientifically-grounded solutions, and an approach to problem-solving which self-consciously is more pragmatic and incremental.

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Emmernegger-Power to Dismiss

Why are structural reforms so difficult?

In times of economic crisis, politicians and analysts alike are typically quick to call for structural reforms to stimulate economic growth. Job security regulations are often identified as a policy area in need of such reforms. These regulations restrict the managerial capacity to dismiss employees to allow for downsizing or to replace workers and use new forms of employment such as fixed-term contracts when hiring new workers.

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Is it really over for RG3? It’s too soon to tell.

In a recent article for Huffington Post, numberFire.com CEO Nik Bonaddio stated: “RG3: It’s Over”. Bonaddio is asserting that it is unlikely that Washington Redskins quarterback Robert Griffin III (RG3) will ever be able to return to the form that enabled him to win the 2012 Rookie of the Year Award and made him one of the best quarterbacks in the NFL that year.

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A different kind of swindle

In the weeks and months following the subprime crisis, a number of financial swindles have come to light. Perhaps the most famous of these was the Bernie Madoff scandal. Madoff ran a Ponzi scheme, in which he attracted money from individuals (and institutions) who were hoping that he would provide sound investment management and a healthy return on the funds entrusted to him. Instead, the money ended up in his pocket. The small number of “investors” who did withdraw their funds from Madoff were paid with money from new investors.

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Income inequality in the United States

How has the average American income shifted since the US Census bureau began collecting data in the 1950s? Are median wages rising or falling? Andrew Beveridge, Co-Founder and CEO of census data mapping program Social Explorer, discusses income inequality in the United States in the short video below.

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Policing

The not so thin blue line: policing economic crime

Fraud is one of the most costly crimes to society, with the last estimate produced by the now disbanded National Fraud Authority suggesting that in 2012 this figure was £52 billion. Yet the response from the Government, from the criminal justice system, and – most importantly – law enforcement, does not match the magnitude of the problem.

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Walker-Shame of Poverty

Who should be shamefaced?

Jose Nuñez lives in a homeless shelter in Queens with his wife and two children. He remembers arriving at the shelter: ‘It’s literally like you are walking into prison. The kids have to take their shoes off, you have to remove your belt, you have to go through a metal detector. Even the kids do. We are not going into a prison, I don’t need to be stripped and searched. I’m with my family. I’m just trying to find a home.’

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A new benchmark model for estimating expected stock returns

For investors and asset managers, expected stock returns are the rates of return over a period of time in the future that they require to earn in exchange for holding the stocks today. Expected returns are a central input in their decision process of allocating wealth across stocks, and are essential in determining their welfare. For corporate managers, expected returns on the stocks of their companies, or the costs of equity, are the rates of returns over a period of time in the future.

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14657341 Journal of Law, Economics, and Organization

Making leaders

Dwight D. Eisenhower described leadership as “the art of getting someone else to do something you want done because he wants to do it.” Eisenhower was a successful wartime general and president. What made him successful? It was not a full head of hair and a fit physique, two of the physical traits of a CEO.

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Innovation and safety in high-risk organizations

The construction or recertification of a nuclear power plant often draws considerable attention from activists concerned about safety. However, nuclear powered US Navy (USN) ships routinely dock in the most heavily populated areas without creating any controversy at all. How has the USN managed to maintain such an impressive safety record? The USN is not alone, many organizations, such as nuclear public utilities, confront the need to maintain perfect reliability or face catastrophe.

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What could be the global impact of the UK’s Legal Services Act?

In 2007, the UK Parliament passed the Legal Services Act, with the goal of liberalizing the market for legal services in England and Wales and encouraging more competition—in response to the governmentally commissioned “Clementi” report finding the British legal market opaque, inflexible, overly complex, and insulated from innovation and competition.

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The economic consequences of Nehru

As Nehru was India’s longest serving prime minister, and both triumph as well as tragedy had accompanied his tenure, this is a fit occasion for a public debate on what had been attempted in the Nehru era and the extent of its success.

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