Oxford University Press's
Academic Insights for the Thinking World

9780199343836

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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9780199322190_450

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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9780199799305

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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14657368

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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14643650

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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9780198065470

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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9780199322190_450

I miss Intrade

Although the media hype is usually most frenetic during presidential election years, this season’s mid-term elections are generating a great deal of heat, if not much light. By October 13, contestants in 36 gubernatorial races had spent an estimated $379 million on television ads, while hopefuls in the 36 Senate races underway had spent a total of $321 million. For those addicted to politics, newspapers and magazines have long provided abundant, sometimes even insightful coverage.

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20405804

Food insecurity and the Great Recession

While food insecurity in America is by no means a new problem, it has been made worse by the Great Recession. And, despite the end of the Great Recession, food insecurity rates remain high. Currently, about 49 million people in the U.S. are living in food insecure households. In a recently-released article in Applied Economics Policy and Perspectives my co-authors, Elaine Waxman and Emily Engelhard, and I provide an overview of Map the Meal Gap, a tool that is used to establish food insecurity rates at the local level for Feeding America.

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Hernes-A Process Theory of Organization

Organizing in time

Organizing and organizations have largely been seen as spatial constructs. Organizing has been seen as the connecting of individuals and technologies through various mechanisms, whereas organizations have been construed as semi-stable entities circumscribed by boundaries that separate them from their external environments.

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Nye-A Long Time in Making

Watching the watch people

A time-traveler, visiting from 1970s Britain, would be surprised by pretty much everything on the modern high street. While prestige brands such as Rolls Royce and Berry Bros. & Rudd have formed part of a much older landscape, the discriminating buyer of the Wilson and Heath eras would be astounded by the topsy-like growth of the modern luxury market.

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14643812

Marital transfers and the welfare of women

Throughout history and across cultures, marriage has often been accompanied by substantial exchange of wealth. However, the practice has mostly died out in western societies, which is perhaps why the meanings of these marital transfers are often not well understood. In anthropological terms, a dowry can be seen as a form of pre-mortem bequest to the bride from her parents, while bride-price or groom-price is a transaction between the kin of the groom and the kin of the bride.

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1475147X

Corporate short-termism, the media, and the self-fulfilling prophecy

The business press and general media often lament that firm executives are exhibiting “short-termism”, succumbing to the pressure by stock market investors to maximize quarterly earnings while sacrificing long-term investments and innovation. In our new article in the Socio-Economic Review, we suggest that this complaint is partly accurate, but partly not.

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