Every economist loves a good argument, and there is a good one raging over on Prospect Magazine’s about whether the world needs an entirely new discipline of economics. Arguing for the destruction of the current version of economics is Howard Reed, whose long analysis of the field lays out several aspects he thinks are incurable ills.
McKinsey has just released it’s latest Economic Outlook report. Some highlights of what is always a must-read: Respondents around the world are sanguine about the current state of the global economy and their economies at home, according to McKinsey’s newest survey on economic conditions.1But as they look ahead, they are less likely to expect
Don’t miss MIT Tech Review’s interview with political scientist Virginia Eubanks about her new book, Automating Inequality. Some highlights: In Automating Inequality, author Virginia Eubanks argues that the poor are the testing ground for new technology that increases inequality. The book, out this week, starts with a history of American poorhouses, which dotted the
Amid all the (justifiable) concerns this week over the Administration’s steel and aluminum tariff warning, the business press did not focus too much on Apple’s quiet announcement about its new health care initiative, AC Wellness. A quick glance through the AC Wellness web site does not provide much information, but what is there is enough
In recent months I’ve had the good fortune to speak with several authors and thinkers working in the Diversity & Inclusion field, and all of them shared with me a genuine sense of frustration at the slow progress minorities and women have made into the C-suite. In thinking about this issue, and reflecting back on
Fascinating short post on Quartz by Dan Kopf on the changing source of jobs. A highlight: “We find that 94% of net job growth in the past decade was in the alternative work category,” said Krueger. “And over 60% was due to the [the rise] of independent contractors, freelancers and contract company workers.” In other
Happy New Year to everyone who follows me on Reconnomics, LinkedIn or Twitter. I wish everyone a wonderful 2018! -CA
Good piece by Brooke Masters on FT about the strategic implications of the sharing economy. Some highlights: Streaming is at the forefront of a trend that threatens to upend a much wider range of industries. Technology-based groups are encouraging consumers to rethink their approach to everything from textbooks and party dresses to housing and transportation.
Don’t miss Mara Hvistendah’s excellent piece on China’s Zhima social credit system on WIRED. Some highlights: If you live in the United States, you are by now accustomed to relinquishing your data to corporations. Credit card companies know when you run up bar tabs or buy sex toys. Facebook knows if you like Tasty
It’s not often that you read an article about labor theory that really clarifies a wider economic issue, but Roger L. Martin’s recent piece in HBR on the NFL’s kneeling issue does just that. Martin argues that the reason the NFL owners have not pushed the players very hard to stop their protests, even though