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The Precariat. The New Dangerous Class

The Price of Inequality: How Today's Divided Society Endangers Our Future. Joseph E. Stiglitz, 414 pages, New York: W. W. Norton & Company, 2012.I LOVE THESE GUYS''(Joseph Stiglitz) is an insanely great economist,'' so writes Paul R. Krugman, who should know. These two like to write books for the populace at large on the topic of macroeconomics. Krugman also likes to spout offon Sunday news shows like ''Meet the Press,'' and on all the cable news programs. You can see Krugman arguing with Bill O'Reilly on Meet the Press. From YouTube: ''Don't call me a liar, pal, that's what you do all the time,'' says O'Reilly; ''This is not your show, so you can't cut offmy mic,'' says Krugman. Judging by their expressions, I was glad Tim Russert (6- 3-) was there in the studio at the time to protect Krugman (5- 7-) (O'Reilly stands 6- 4-). Conservative pundits dislike both economists, but pretty much leave Stiglitz alone.Krugman makes it a point to stay out of government affairs. Stiglitz does just the opposite, and he sometimes gets burned. Stiglitz was part of Bill Clinton's Council of Economic Advisers and was Chief Economist for the World Bank. After much criticism of the way the International Monetary Fund (IMF) conducted lending to developing countries, he was pretty much fired from the World Bank. Comparing the two, you would have to say that Stiglitz is more the bleeding heart, while Krugman says that what he dislikes most is the dishonesty he sees in political-economic discourse. Both are champions of the common man.Since Stiglitz can make the very valid claim for being ''an insanely great economist,'' most everything he says in his books should be taken seriously. There are some real gems in this book. I especially like the perspective he lends to some of the more peculiar things that happened before, during, and after the financial crisis. People hear about these things in the news from some announcer who makes them sound like just more news-bites, but they are, after all, unprecedented (and largely absurd). Take ''robo-signing'' for instance (page 198).WHAT GOES FOR NEWSRobo-signing was part of what happened during the foreclosure process after the massive numbers of defaults of subprime mortgages. Big banks intentionally did not follow mandated law. Apart from ignoring debtors' rights, an ensuing mess followed. Robo-signing was nothing less than a blatant attempt at rewriting property law, and resulted in lying to the courts about the state of each property's title, literally hundreds of times. No bank officer was charged with a crime. By contrast, the savings and loan crisis of the 1980s led to 829 individual convictions and 650 prison sentences. Nowadays the big banks just pay fines as part of settlements where they admit no guilt, and it's just part of doing business.Take algorithmic or ''flash'' trading in the stock exchanges (page 164). These are buys and sales made in nanoseconds on the basis of extracting information from the patterns of prices and trades. Nothing like real information gathered through market research on an industry, or on a firm in a certain industry, backs up these trades. But traders swear that ''price discovery'' is happening this way, and that all this backs up the efficient markets model. So on May 6, 2010 stock prices plummeted to a point where the Dow Jones temporarily lost 10% of its value. There are reasons to believe that these trades ''make markets not just more volatile but also less 'informative' '' (page 166). Still, the talk on the street is all about efficient markets (echoing Alan Greenspan's failures at the Federal Reserve).Take failed privatizations. When electric power in California was liberalized and Enron manipulated prices and public power to its advantage, this was a story about the company's accounting practices, not about privatizing something that had no business being privatized. …

The Price of Inequality: How Today's Divided Society Endangers Our Future

Purpose

This chapter presents four different approaches to doing and
writing qualitative research in strategy and management based on different epistemological foundations. It describes two well-established ‘‘templates’’ for doing such work, and introduces two more recent ‘‘turns’’ that merit greater attention.

Design/Methodology/Approach

The chapter draws on methodological texts and a detailed analysis of successful empirical exemplars from the strategy and organization literature to show how qualitative research on strategy processes can be effectively carried out and written up.

Findings

The two ‘‘templates’’ are based on different logics and modes of writing. The first is based on a positivist epistemology and aims to develop nomothetic theoretical propositions, while the second is interpretive and more concerned to capture and gain insight from the meanings given to organizational phenomena. The two ‘‘turns’’ (the practice turn and the discursive turn) are not as well defined but are generating innovative contributions based on new ways of considering the social world. 

Originality/Value

The chapter should be helpful to researchers considering qualitative methods for the study of strategy processes. It contributes by comparing different approaches and by recognizing that part of the challenge of doing qualitative research lies in writing it up to communicate its insights in a credible way. Thus while describing the different methods, the chapter also draws attention to effective forms of writing. In addition, it introduces and assesses two more recent ‘‘turns’’ that offer promising routes to novel insight as well as having particular ontological and epistemological affinities with qualitative research methods.

Templates and Turns in Qualitative Studies of Strategy and Management

Live longer, work longer

The objective of this paper is to highlight similarities and differences across various case study designs and to analyze their respective contributions to theory. Although different designs reveal some common underlying characteristics, a comparison of such case study research designs demonstrates that case study research incorporates different scientific goals and collection and analysis of data. This paper relates this comparison to a more general debate of how different research designs contribute to a theory continuum. The fine-grained analysis demonstrates that case study designs fit differently to the pathway of the theory continuum. The resulting contribution is a portfolio of case study research designs. This portfolio demonstrates the heterogeneous contributions of case study designs. Based on this portfolio, theoretical contributions of case study designs can be better evaluated in terms of understanding, theory-building, theory development, and theory testing.

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The theory contribution of case study research designs

Eisenhardt's impact on theory in case study research

Law continues to be an attractive career path for women. Yet evidence shows that women's careers in law stagnate with proportionally small numbers of women progressing up the hierarchy from law graduate to partner. In this study we investigated how gendering and class processes impact on women's career progression. A major contribution is that we explored the heterogeneous views held by women below and above the partnership line, in Auckland's top law firms. Drawing on Acker's gendering processes (1990, 2006a) plus the accumulation of appropriate capitals needed to progress, we analysed 52 interview accounts. The women lawyers themselves were divided on how gendering and class processes impact on their career progression. Women partners accepted the hierarchical employment model of law and were confident in their role and place. Women below the partner line, while frustrated by the personal and professional requirements for success, did not demonstrate agency for change. In concluding, we reflect on the potential for change in the profession.

Women's Career Progression in Law Firms: Views from the Top, Views From Below

This article examines how interactions between the doing of gender and class at institutional and organizational levels perpetuate inequality for aged care workers. In particular, it investigates how managers 'do gender' and class in relation to their care workers' work-life balance and the unintended consequences of this for aged care workers. The research data comprised interviews with female managers and aged care workers from four case studies in residential aged care in New Zealand. We argue that despite best intentions, the consequences of managers' doing gender and class results in continuing low wages, poor work-life balance and disempowerment at work for aged care workers. [ABSTRACT FROM AUTHOR]

Doing Gender, Paying Low: Gender, Class and Work–Life Balance in Aged Care

A substantial body of research has linked job satisfaction with employees quitting intentions. That research predominantly analyses individual-level determinants rather than organisational-level or work environment antecedents of quitting. This study investigates the concept of the quality of the work environment (QWE) in relation to employees quitting intentions and argues that QWE will influence a managers ability to shape their employees quitting intentions. We illustrate this proposition using a small survey of employees across four different industries in New Zealand. The results support the extant literature findings only if employees perceive their QWE is good; if an employee perceives their QWE is poor then extant policy implications could be toothless. This suggests QWE is an important focus of policy to shape quitting intentions.

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The impact of the quality of the work environment on employees intention to quit

This paper explores the experiences and perceptions of parent academics and their colleagues, and argues that in the absence of institutional support and guidance, self and peer assessment of academic identity in relation to performance becomes a measure against which academics assess their own academic careers and the academic careers of others. The context of the study is contemporary neoliberal academia in which competition is encouraged, driving individuals to actively self-manage their own academic careers. In-depth interviews were conducted with 32 senior lecturers and associate professors, both parents and non-parents. Three distinct social identity groups were found among the participants: those who placed parenthood ahead of their career; parents who performed ‘despite’ their children, and a third group of ‘surveillers’ of other academic parents and their careers. Perceptions of parenthood as detrimental to academic careers was enforced through these identity groups, particularly the ‘sur...

Katherine Ravenswood

Papers

Eisenhardt's impact on theory in case study research

Women's Career Progression in Law Firms: Views from the Top, Views From Below

Doing Gender, Paying Low: Gender, Class and Work–Life Balance in Aged Care

The impact of the quality of the work environment on employees intention to quit

Academic careers and parenting: identity, performance and surveillance