The Crodcodile Tears of the Fashion Industry over the 1000 Deaths of Rana Plaza
Since the tragic collapse of a textile factory in Bangladesh, western textile companies have enforced higher safety standards there – and have made workers pay for it…
Since the tragic collapse of a textile factory in Bangladesh, western textile companies have enforced higher safety standards there – and have made workers pay for it…
The Challenge Those who take part make a commitment to increase the fraction of their expenses that they pay in cash and to work on getting others to participate – in personal conversations, via social media, newsletters, lectures or letters to the editor. In this way, we want to ensure that no further decrease in […]
Germany’s economic output contracted in the second quarter and most indications point to a worsening in the third quarter, which is just halfway through. The culprit is only superficially Donald Trump with his trade wars. The German economy has been on an unsustainable path in several respects. Now the government is called upon to act […]
7 July 2019 | The World Economic Forum (WEF) and the United Nations (UN) have signed a Memorandum of Understanding to intensify their cooperation. The UN seems embarrassed – for good reason. It is another step in its self-disempowerment of the UN and another milestone for the club of multinationals on the way to its […]
A year ago, I described how the controversial and well-financed ride-hauling platform Uber pays economists with data and money to do Uber-related research. This research invariably leads to favourable results, which can be used to fend off criticism and regulation. One such study has now been ripped apart in the Industrial & Labor Relations Review […]
Two years ago, on 8 November 2016 at 8 pm, prime minister Narendra Modi declared most cash in India demonetised, starting a period of several months of severe cash shortage, which imposed a lot of hardship and suffering on the people. The National Herald India invited me to write a guest-comment on the occasion.
The trend toward a digital world currency: The winner takes all is a basic rule of the digital economy. Whoever is ahead has a large advantage, just from being ahead, and has a good chance to end up as a quasi-monopolist. This has two main reasons, called network effects and economies of scale. Network effects […]