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A romantic notion of democracy depicts democratic governments as accountable to their citizens and acting in their citizens’ interests. Academic analyses of democratic decision-making support this view. Voters have preferences, and parties and candidates adjust their platforms to conform with voter preferences. In reality, voters have little incentive to become informed about public policy issues, […]
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Sustainability is on the agenda of many policymakers, businesses, civil society organisations and academia. The publication of the book Sustainable Value Creation in the European Union is therefore especially timely,as it offers insight on how the European Union has failed to achieve its overarching sustainability goals, and suggestions on how we should move forward. The […]
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The federal convictions of two founders of technology companies over the last year has illustrated the fine line between the over-optimism of entrepreneurs who believe they can change the world and the criminal intent to defraud investors. As it has become routine for stock valuations to reflect the future profits that may be generated by […]
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The Copenhagen Business School (CBS) has a peculiar reputation among universities devoted to practical education. When many people think of CBS, they think of all the humanities and social science scholars and degree programs that live there. After all, it’s not many business schools where one is able to take a degree in Philosophy and […]
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Authoritarian government seems to be a rising force. Over 40 countries are presently autocratic with around 55% of the world’s population living under some form of authoritarian regime. At the same time, even in stable democracies, many citizens feel discontent with their political arrangements, especially young people. For example, in the UK, 61% of 18-34s […]
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Innovative companies are a critical pillar of dynamic societies. The modern firm is a formidable institution that offers valuable solutions to citizens’ problems, creates jobs, fosters scientific discovery, speeds up innovation and spreads prosperity. While these achievements are true, there is also evidence of frictions and crises in the corporate world related with firms’ governance. […]
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Global debt, public and private, is at record highs! But there is no agreement on whether we should worry about this much. My new Cambridge Element, Debt Sustainability—A Global Challenge” argues that we should care. Debt does not only affect poor countries, but also the largest and richest economies. In many of today’s advanced countries, […]
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What do you find so interesting about sterling and currencies more broadly? The story of sterling after the second world war is fascinating as it is mirroring the decline of the British Empire. Sterling was the currency of a whole colonial Empire which slowly declined. The GDP of the United Kingdom was falling, and so […]
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