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- Volume 4 November 2008
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Editor: Joe Isaac
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.
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
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
Accounting induced performance
anxiety: consequences and cures
The anxiety to perform favourably against accounting performance benchmarks has both intended and unintended consequences
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
An interview with Robert E. Lucas Jnr.
A Nobel Laureate welcomes the closure of the huge gaps of inequality
and incomes across societies
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
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
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.
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?
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
Inflation targeting
A review of the theoretical foundations of inflation targeting and current
research in the area, with special reference to the Australian experience
New economic geography and
manufacturing
Understanding the existence of cities and regularities about the location
of manufacturing activities within countries
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
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
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