We draw on the seminal contribution to economics by Luigi Pasinetti. We respond to his clarion call to reverse what he called the “original sin” of classical economists, (the assumption of non-increasing returns to scale) exacerbated later by neo-classical economists and move towards...

The paper assesses the contribution of Edith Penrose to the theory of the multinational enterprise (MNE) and the political economy of globalisation and development as they relate to (her views on) business history, on occasion of the 50th Anniversary of her classic 1959 book and her 1960...

We investigate the relationship between Human Resources (HR) and superior firm performance, as well as the role of business strategy as a key mediating factor of this relationship, for Small and Medium Sized Enterprises (SMEs) in the UK Tourism Hospitality and Leisure (THL) sector. Our results...

This paper explores how management theories can be extended and applied to innovation, experimentation, and creativity in the public domain. Researchers in various disciplines have studied public entrepreneurship, but there is little research specifically on the management of organizations to...

We aim to provide firm-level foundations to the issue of macroeconomic value and wealth creation and capture. We propose a framework for value creation by firms and aggregate it to the industry-sector-region, macroeconomic (nation-wide), and supra-national (global) levels. We discuss firm and...

We discuss the nature, evolution and functions of the Centre for International Business and Management (CIBAM), paying attention to its Global Business Symposia, in particular, the one on 'Security, Terrorism and Business'. We also discuss issues pertaining to terrorism and business, which cover...

This paper explores innovation, experimentation, and creativity in the public domain and in the public interest. Researchers in various disciplines have studied public entrepreneurship, but there is little work in management and economics on the nature, incentives, constraints and boundaries of...

We investigate the strategies, HR attributes and their synergies that are associated with superior performance in service SMEs using data from the UK Tourism Hospitality and Leisure (THL) sector. A major advantage of our analysis is that our sample includes information also on very small firms...

Two major advances in the theory of the firm and (micro)economics more generally are arguably transaction costs economics (TCE) and the theory of firm resources. TCE has originally been applied to the theory of the firm, but found applications in virtually all fields of economic inquiry. The...

The main purpose of this paper is to test the substitution hypothesis of saving for the case of Life Assurance and Pension Funds (LAPF) on the one hand, and other (personal and corporate) savings on the other. The focus is the postwar U.K. period. Earlier U.K. findings on this issue rejected the...