Oxford University Press's
Academic Insights for the Thinking World

What is the land question in India today?

Land in the process of development can be viewed as a commodity, and like other commodities, can be bought and sold. Such a transformation presupposes that land historically was not a commodity. Peasant cultivators eked out a subsistent lifestyle and feudal lords taxed the peasants. Property rights as we know it did not exist then. Land was not owned, sold, or bought.

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The reign of law in international investment decision-making

The second Investment Claims Summer Academy took place on 6-7 July 2017 at Lady Margaret Hall and focused on the role of international law in international investment decision-making. The Summer Academy opened with a quote from Sir Hersch Lauterpacht’s 1933 The Function of Law in International the International Community:

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7 financial tips and facts

For most, October marks the beginning of autumn, Halloween celebrating, and preparation for the holiday season. However, what some might not realize is that October is also Financial Planning Month. Financial planning and budgeting can be a difficult, confusing area. In honor of Financial Planning Month, we decided to outline facts to provide some insight and tips on budgeting, investing, and retirement.

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A Tale of Two New York Cities [excerpt]

New York is a city of many things to many people. But more and more those people are being divided. Those who have the means to live in comfort and splendor, and those struggling to survive in a once vast urban landscape that grows smaller and smaller with each year. In this excerpt from his book The Creative Destruction of New York City, author and urban scholar Alessandro Busà, gives us the lay of this new land where all are welcome, particularly if they can afford it.

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Sanders-scare

Overpromising was a central feature of Donald Trump’s campaign for the presidency. He was going to build a big, beautiful wall and make the Mexicans pay for it. He was going to unleash a secret plan to defeat ISIS. And he was going to repeal Obamacare and replace it with something really terrific. Unfortunately, Donald Trump and the Republicans aren’t the only ones making unrealistic promises.

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Integrative Environmental Medicine

How ‘green’ are you at work? [quiz]

With sea level rising and ice caps rapidly melting, the danger signs of global warming are evident, increasing the need to be environmentally friendly. However, much of this focus is on being environmentally friendly at home. Many of us spend a large proportion of our time at work, making it just as crucial to be ‘green’ at work, as we are at home.

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Mahbub ul Haq: pioneering a development philosophy for people

Mahbub ul Haq was the pioneer in developing the concept of human development. He not only articulated the human development philosophy for making economic development plans but he also provided the world with a statistical measure to quantify the indicators of economic growth with human development. In the field of development economics, Haq was regarded as an original thinker and a major innovator of fresh ideas.

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Reforming the sovereign debt regime

Since the start of its debt crisis in 2010, Greek citizens have suffered through seven years of agonizing austerity to satisfy the conditions of multiple consecutive bailouts from their official sector creditors – the so-called ‘Troika’, composed of the European Commission, the European Central Bank, and the International Monetary Fund (IMF or Fund). And for what? What went wrong? There are many valid answers to this question.

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The trouble with elite cities

The transformation of the city into a pricey commodity for sale is one of the most profitable ventures in the current phase of capitalism. This is why private players and local governments are eager to invest monumental resources in the production and promotion of this ever more sophisticated, ever more seductive money-making machine: the city.

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Will the real Robinson Crusoe please stand up?

It is difficult to think of a literary narrative, other than Robinson Crusoe, that economists have so enthusiastically appropriated as part of their cultural heritage. The image of Robinson, shipwrecked, alone, and forced to decide how to use his finite resources, has become almost emblematic in the teaching of the problem of choice in economics.

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Taxing or exempting the church

Religious entities pay more taxes than many people believe. Moreover, churches and other religious organizations are treated quite diversely by different taxes and by different states. Sometimes churches and other religious entities are taxed in the same fashion as secular organizations and persons are.

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The value of money [excerpt]

Money. The root of all evil. It can’t buy you love, but it makes the world go round. Few people understood the vast complexities of currency better than Karl Marx. His book Capital, is seen by many as the authoritative theoretical text on economy, politics, and materialist philosophy. Its vast critiques have fostered new studies on capitalist practices relating to what exactly is ‘value’, many of which are still referenced today by countless economic experts.

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The Asian financial crisis: lessons learned and unlearned

Governments no doubt draw lessons from financial crises and adopt measures to prevent their recurrence. However, these often address the causes of the last crisis but not the next one. More importantly, they can actually become the new sources of instability and crisis. This appears to be the case in Asia where the lessons drawn from the 1997 crisis and the measures implemented thereupon may be inadequate.

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Don’t play politics with the debt ceiling

It must be frustrating to be a Congressional Democrat these days. The minority party in both the House and Senate and having lost the White House, the only thing keeping the Democrats relevant is a dysfunctional White House and a disunited Republican majority in Congress. There is, however, one area in which they should drop any obstructionism and play ball with the Republicans—raising the debt ceiling.

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10 facts about the Indian economy

15 August 2017 marks the 70th year anniversary since the British withdrew their colonial rule over India, leaving it to be one of the first countries to gain independence. Since then it has become the sixth largest economy in the world and is categorised as one of the major G-20 economies. To mark the occasion we have compiled a wide array of facts around the Indian economy pre and post-independence.

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What makes a good manager? [excerpt]

Is modern work culture is pushing otherwise good people to adopt poor management styles? From creating “growth opportunities” to taking on mentors, managers often find themselves falling into progressive traps that seem like the right thing to do, but ultimately lead employees astray. In the following excerpt from Good People, Bad Managers, Samuel A. Culbert examines the effectiveness of modern management approaches.

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