Lancaster University Management School - Economics

In this issue... 2 | Discover more of Lancaster University Management School’s world-leading research at lancaster.ac.uk/fiftyfour 4 Fumbling the ball on racial equality Professors Rob Simmons and Dave Berri and Dr Alex Farnell examine a history of racial inequality when it comes to being a leader in America’s Game. The long shadow of pandemics Dr Spyridon Lazarakis looks back to the flu pandemic of the early 20th century to see how Covid-19 might play out in the years and decades to come. 8 12 All this scratching is making me itch The CD is dead, long live vinyl. How is it possible for an outdated technology to have reversed its seemingly terminal decline? Renaud Foucart points to the lessons from the vinyl revival for other business sectors. Do you believe in the curse? Natural resources can bring an economic boom to a region or even country, but fdo these economies show slower growth? Anita Schiller investigates. 16 Saving the world – environmentally and financially As the world shifts from fossil fuels, Professor Marwan Izzeldin investigates risks to the economy in a greener future. 20 Economical with opportunity Studying economics delivers one of the biggest pay-offs for graduates. But it remains a male-dominated field; and when women do choose economics they can feel their ideas aren’t respected. 24 28 Highly illogical, Captain We like to think our decisions involve the mechanics of logic and hard evidence, all cogs and wheels. Truth is, the machinery is a mess, unreliable, easily disrupted by the lure of passing emotions, whether we acknowledge them or not. 32 Caste adrift Dr Saurabh Singhal explores how India's caste system creates personal hurdles for lower caste members on their way to educational and employment success.

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