Welcome to the fourth issue of Insights

This volume appears in the middle of the most serious international monetary crisis since 1929. In our last issue, we published a prophetic paper by Satyajit Das about the inevitable bursting of the liquidity bubble. This bubble has clearly burst. Unfortunately, the deadline for this issue prevents us from publishing two forthcoming lectures dealing more directly with the causes and consequences of the credit crisis. These will appear in the next volume of the journal.

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Inside the current issue, Volume 4 November 2008

Feature articles

Big brother or a fair go: is workplace surveillance coercive or does it guarantee our rights at work?
We are greatly in need of informed debate in Australia about the purpose and consequences of workplace monitoring
By Graham Sewell

When a firm is market-oriented: product and brand management implications
A market-oriented firm is a business-model innovator, a product-market pioneer and a brand developer
By Bryan A. Lukas

Accounting induced performance anxiety: consequences and cures
The anxiety to perform favourably against accounting performance benchmarks has both intended and unintended consequences
By Anne Lillis

Understanding global imbalances
Far from being unsustainable, the large and growing US current account deficit is likely to endure for some years – and Australia shares some of the key features of the United States
By Richard N. Cooper

An interview with Robert E. Lucas Jnr.
A Nobel Laureate welcomes the closure of the huge gaps of inequality
and incomes across societies
By Ian King

Closing the gap? The role of wage, welfare and industry policy in promoting social inclusion
The perception of a social policy crisis created by WorkChoices is fundamentally mistaken and based on a narrow reading of the ‘Australian way’ of doing social policy
By Paul Smyth

Forward with fairness: a business perspective on Labor’s reform agenda
How to get the balance right between competitiveness, fairness and flexibility in labour regulation
By John W. H. Denton

The use and misuse of intelligent systems in accounting: the risk of technology dominance
Designing intelligent systems to enable less experienced staff to make decisions normally made by more experienced staff is possibly not a good strategy. However, there appears to be potential for success in using intelligent systems to complement and support experts’ decisions.
By Stewart Leech

New agenda for prosperity
How much longer can Australia’s current boom last? And how do we build the physical and human capital needed to maximise the growth of living standards as the population ages?
By Stephen Sedgwick


Alumni refresher lecture series

Real options analysis and investment appraisal: the opportunities and challenges
Real Options Analysis allows us to recognise in a systematic manner the impact of future expansion and contraction decisions on value today, and hence on whether an initial investment is worthwhile
By Bruce D. Grundy

Inflation targeting
A review of the theoretical foundations of inflation targeting and current
research in the area, with special reference to the Australian experience
By Guay C. Lim

New economic geography and manufacturing
Understanding the existence of cities and regularities about the location of manufacturing activities within countries
By Russel Hillberry

For love or money? Paying doctors to improve the quality of health
The methods through which doctors are paid have been shown to influence the decisions they make, and therefore the quality and costs of health care provided
By Anthony Scott

Innovation: a high value-added strategy
Systematically innovative organisations have new ideas coursing through the DNA of all aspects of the firm, and while not all ideas are successful, a culture of innovation will reap significant benefits
By Danny Samson

Neuromarketing – marketing insights from neuroimaging research
Increasing evidence suggests that much of our decision-making occurs via mechanisms that are inaccessible to our more rational and conscious thought processes
By Phil Harris

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