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New research on how management practitioners come to use management knowledge in the different relevant contexts of their working lives permits us to better understand the impact of major crises, such as COVID-19, on the broader flow of management knowledge. Exploring these implications is of particular importance given that management knowledge – and management ideas […]
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Researching the book Economics of Visual Art, I came across a drawing in the Tate Archives. It is a “concept sketch” for Tate Modern. It was drawn in 1991 — a full nine years before the building opened, and still a few years before Bankside Power Station was chosen as the site. The drawing was […]
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Our book, What Capitalism Needs, spells out what capitalism needs, drawing on the ideas of great but unduly neglected economists of the past including Friedrich List, Joseph Schumpeter, Maynard Keynes and Albert Hirschman—but with most attention being paid to Adam Smith and Karl Polanyi.
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The Chinese government is trying to internationalize the RMB (renminbi), and this gives rise to at least a few questions. What are the real reasons for this action? Will it succeed? What are the factors working in its favor? What are the impediments? What are the implications for the rest of the world? The internationalization […]
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Monetary policy and the Federal Reserve seem boring to most people…until they’re not. And when things get lively, serious economic damage usually follows. There’s a reason the expression “May you live in interesting times” is regarded as a curse! Truthfully, citizens should pay more attention to the Fed, even during tranquil times. Money plays a […]
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Dismay over the current state of international economic relations has some policymakers longing for return to some imaginary notion of the good old days. But this is a time to look forward, not back. The old rules failed us in many ways: they fostered domestic inequality in some countries, limited development options in many, and […]
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You have heard of the Seven Deadly Sins: pride, greed, lust, envy, gluttony, wrath, and sloth. Each is a natural human weakness that impedes happiness. In addition to these vices, however, there are deadly economic sins as well. They, too, wreak havoc on our lives and in society. They can seem intuitively compelling, yet they […]
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Joe Biden has become President of the United States at a time when the country faces acute crises on many fronts. The most pressing—in both health and economic terms—is the ongoing COVID-19 pandemic, but the country must also confront the environmental and energy implications of climate change; deep racism across American institutions; ongoing weakness in […]
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