Trump, Putin, CO2 and EU, redux

Open Democracy has just published a my piece on Trump, Putin, climate change and the EU (the connection is perhaps not blindingly obvious – I hope that list of items has piqued your curiosity. You can read more here). Continue reading

The Control Revolution

Brad DeLong helpfully links to Cosma Shalizi’s 1995 review of (the now late) James Beniger’s great book, The Control Revolution (first published 1986). It’s always worth recommending, though of Shalizi’s four-and-one-half complaints the most valid, in my view, is about Beniger’s long-windedness (and if Shalizi doesn’t like that aspect, he shouldn’t be complaining about Beniger’s failure to discuss the world outside of America, or the arts … think how long the book could have been!) My take on Beniger – and some comparison of his understanding of information and control in the economy with the similar view of Alfred Chandler and the very different one of Friedrich Hayek – can be found on pp. 98-102 of The Global Environment of Business.

Skills and the response to crisis

My paper with Andrea Filippetti is now available from Birkbeck’s Centre for Innovation Management Research. Bottom line: European countries with a combination of good short-term unemployment insurance and vocational training participation were less likely to see reductions in private sector investment in innovation in the first year of the financial crisis: having just one of these was no help, and job security, the bĂȘte noire of neo-liberalism, made no difference. Another way of putting it is that, in this particular case (investment in innovation, during the financial crisis), it is the security part of the flexicurity model that provides the benefit. This is consistent with the logic of Estevez-Abe, Iversen & Soskice’s chapter in Hall & Soskice’s Varieties of Capitalism.