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There are a number of theoretical problems in the growing field of ‘meaningful work’: a lack of precision in the basic concept of work, leading to dearth of comparative research. A disregard of worker agency, leading to an impression that meaningful wage labour is a gift from employers to employees. A dichotomisation into meaningful work being either a subjective or an objective phenomenon, leading to unnecessary simplification. And, finally, another dichotomisation into waged work or types of jobs being either meaningful or meaningless, leading to a lack of variation. In this concluding chapter, we suggest solutions to these problems that we have dealt with at several places in the book, before we take up the new framework for analysing meaningful and meaningless wage labour.
Informed by the everlasting concern with what a good life is and how it can be achieved by the individual in a society, the field of Humanities have a rich tradition in discussing different domains of meaningfulness, including meaningful life and work. This chapter discusses a variety of humanist contributions to meaningful waged work. An integral feature of Humanist accounts is the understanding that what constitutes humanity is people’s drive to endow their relations, interests, abilities and desires with meaning. As this chapter will showcase, contributions in this field differ in terms of what drives people’s search for meaning, what the experience of meaningfulness consists of, if essential requirements exist before meaningfulness can be experienced or if one domain of meaningfulness trumps others. Discussing further whether the experience of meaningfulness as self-realisation and transcendence is possible in relations and activities that are in part determined by others, the chapter investigates the relationship between freedom, structure and agency.
The thought of the meaning of work in the capitalist labour process has been a central pillar in many discussions of work, employment and organisational life in the social sciences. Meaningful work, however, is, if anything, an undercurrent in the modern classics of working life research, where the spotlight is on the struggle that is at the heart of workers’ attempts to derive meaning from paid work. In this chapter we discuss understandings of meaningful work that emerge between the nexus of the meaningfulness and the meaninglessness of wage labour in some of the most noted of this literature in the post–World War II period. From this discourse we crystallise six tendencies in discussions of the possibility to solve the problem of the lack of meaning of waged work. We derive from this discussion implications for approaching an understanding of the politics of meaningful and meaningless waged work.
The speed of stock price reaction to news exhibits substantial time variation. Higher risk-bearing capacity of financial intermediaries, lower passive ownership of stocks, and more informative news increase price responses to contemporaneous news; surprisingly, these interaction variables also increase price responses to lagged news (underreaction). A simple model with limited attention and three investor types (institutional, noninstitutional, and passive) predicts the observed variation in news responses. A long–short trading strategy based on news sentiment earns high returns, which increase when conditioning on the interaction variables. The interactions we document are robust to the choice of news source.
We examine how broad changes in work arrangements and lifestyles brought on by the COVID-19 pandemic have affected households’ location decisions. Using data on over 360,000 residential, interstate moves over the last 5 years, we find that more than 12% of moves were directly influenced by the pandemic. Among pandemic-influenced movers, over 15% of households cite that remote work influenced their move. Lifestyle-related (job-related) migration increased (decreased) significantly, particularly for the set of households who are likely to have access to remote work. We further find that these changes in migration patterns are positively related to post-pandemic economic growth.
From the 1940s to the 1970s, British governments steered manufacturing businesses to peripheral regions designated as needing more employment. This approach was delivered through a Regional Policy that deployed industrial location controls and financial incentives. Effectiveness varied over time but was dramatic in the mid-1940s, when it boosted the regional stock of secondary manufacturing to the extent that its legacy remains visible today. The literature describes how this Regional Policy was a peacetime policy, albeit one formulated during the war. This article, however, proposes that the most successful phase of Regional Policy was an extension of wartime policies governing regional manufacturing businesses producing munitions. It uses a case study of Wales to make two arguments. One is that the Regional Policy associated with the postwar period began to be implemented before the war had ended. The other is that the Board of Trade pursued the policy through repurposed wartime governance mechanisms within an economy that remained subject to onerous state controls. The case outlines a short but consequential burst of assertive state involvement that shaped business activity throughout much of regional Britain, echoing Philip Scranton and Patrick Fridenson’s arguments concerning “the state always being in” given its role in shaping markets, business behavior, and regulations.
This is an intermediate-level macroeconomics textbook for undergraduate students who wish to gain some exposure to the Chinese economy while learning macroeconomics. And this is a truly "intermediate-level" textbook since it provides a calculus treatment of the standard intermediate macroeconomic theories such as the Solow models, IS-LM models, and so on. Students in many countries need an alternative macroeconomics textbook that is less American-centric than the existing ones. In particular, students in many developing countries need to learn about theories (e.g., the Lewis model of economic development) and cases (the Asian Financial Crisis) that are relevant to developing countries but are ignored in mainstream English textbooks. The use of calculus makes the textbook concise without sacrificing depth. And most importantly, after some training, students would feel comfortable with applying mathematics, the "engine of inquiry", to macroeconomic analysis.
In the early 2000s, California-based Guayakí popularized the caffeinated drink, yerba mate, among young people and creative types. With revenues of $100 million, Guayakí dominates the U.S. market where it is synonymous with yerba mate. This essay explores how Guayakí transformed a foreign product with deep local meaning, widespread popularity, and a long history in southern South America from a shared beverage and social practice into a healthy energy drink. Typically, localization entails multinational companies and local consumers adapting and giving new meanings to an exotic foreign product or brand. In contrast, local entrepreneurs radically changed yerba mate while preserving part of its narrative. Guayakí promotes product authenticity based on a narrative of South American Indigenous origins, stimulating qualities, and health benefits that fits with superfoods, while a narrative of green capitalism promotes brand authenticity. But that was not enough to popularize yerba mate. The product had to be adapted to consumer taste preferences and values that challenge the foundational ideas of superfoods and green capitalism. As a result of consumer input acquired through grassroots marketing, Guayakí transformed a shared infusion into something closer to a soft drink—a pre-prepared, individual-sized beverage served in a single-use bottle or can with flavoring and sugar levels tailored to U.S. consumers. The essay exposes the role of local entrepreneurs and consumers in shaping product development and localization. It complicates our understanding of product authenticity and brand authenticity while exposing the limitations of green capitalism, ethical consumerism, and activist entrepreneurship.
Any practising lawyer and student working with international commercial contracts faces standardised contracts and international arbitration as mechanisms for dispute settlement. Transnational rules may be applicable, but national law is still important. Based on extensive practical experience, this book analyses international contract practice and its interaction with various applicable sources. It considers vital questions concerning the role played by contractual regulation, by national law and by transnational sources. What is the interaction among these factors, and how does this all apply to contracts that refer disputes to international arbitration? This revised second edition has been fully updated to reflect developments in the field and includes useful tools like tables of cases and sources, and a list of electronic resources and databases.
The ability to organize is our most valuable social technology and the successful organizational design of an enterprise can increase its efficiency, effectiveness, and ability to adapt. Modern organizations operate in increasingly complex, dynamic, and global environments, which puts a premium on rapid adaptation. Compared to traditional organizations, modern organizations are flatter and more open to their environments. Their processes are more generative and interactive – actors themselves generate and coordinate solutions rather than follow hierarchically devised plans and directives. They also search outside their boundaries for resources wherever they may exist, and co-produce products and services with suppliers, customers, and partners, collaborating – both internally and externally – to learn and become more capable. In this volume, leading voices in the field of organization design demonstrate how a combination of agile processes, artificial intelligence, and digital platforms can power adaptive, sustainable, and healthy organizations.
Organic data have the potential to enable innovative measurements and research designs by virtue of capturing human behavior and interactions in social, educational, and organizational processes. Yet what makes organic data valuable also raises privacy concerns for those individuals whose personal information is being collected and analyzed. This chapter discusses the potential privacy threats posed by organic datasets and the technical tools available to ameliorate such threats. Also noted is the importance for educators and research scientists to participate in interdisciplinary research that addresses the privacy challenges arising from the collection and use of organic data.
Despite promising early evidence for the validity of well-designed game-based assessments (GBAs) for employee selection, the interaction between the complexity of games and their use in international and cross-cultural contexts is unknown. To address this, this paper presents a descriptive, qualitative study examining the perspectives of both GBA vendors and organizational stakeholders related to cross-cultural issues unique to GBAs related to 1) privacy, 2) legality, and 3) applicant reactions. Overall, privacy and legality concerns appeared similar for GBAs as with other assessment methods, although certain common characteristics of GBAs amplify common concerns. Applicant reactions appeared more positive to GBAs across national borders and cultures than traditional assessments, although some international differences were reported. Other cross-cultural topics raised included international differences in the conflation of GBA and artificial intelligence, in the importance of mobile-first design, and in the ability of GBAs to provide a more language-agnostic experience than other assessment types.
Social media is an ever-increasing aspect of the internet presence and daily life. Despite certain challenges in defining the construct, researchers have realized the possibility that social media can allow for the measurement and assessment of a wide variety of variables. Throughout the ever-growing number of social media sites and apps across countries and languages, there is an abundance of formats that researchers can utilize, such as photo, text, location, video, and more. In this book chapter, we conducted a literature search and identified four constructs that are most frequently studied using social media (i.e., personality, emotion/affect/mood, life satisfaction, and political views). We then summarized a list of studies that use social media to investigate these four constructs. Additionally, social media offers unique opportunities for researchers to assess various cross-cultural data, which can present its own challenges. We also provide examples of the potential opportunities and challenges, as well as ethical and technical considerations for researchers to keep in mind.
Technology, that is, the output of human innovation, has always been central to human progress worldwide. Early on, the ancients developed the wheel, concrete, calculus, and paper, which led to advances in transportation, construction, and communication. Today, the incarnation of technology falls in the realm of the digital and computational, and its progress has been rapid, even arguably exponential. In his chapter, “The Law of Accelerating Returns,” Ray Kurzweil writes, “An analysis of the history of technology shows that technological change is exponential, contrary to the common-sense ‘intuitive linear’ view. So we won’t experience 100 years of progress in the 21st century – it will be more like 20,000 years of progress (at today’s rate)” (Kurzweil, 2004, p. 381).
In this commentary we reflect on Shaalan, Eid, and Tourky's (2022) article in which they investigated the Chinese concept and practice of guanxi in the Middle East,1 a region in which wasta represents the common way of informal networking.2 While we encourage and welcome research into informal networks, we have serious concerns about the conceptual and methodological approaches taken by Shaalan et al. (2022) in investigating informal networks in the Middle East and explain herein why we do not believe guanxi should have been used in place of wasta.