Assessing the geographic dimensions of London's innovation networks

A wide range of authors have highlighted the potential benefits for innovation that may arise from effective networking between organisations along and across the supply-chain. As many organisations have downsized or out-sourced basic research activities Universities have an increasingly important role within such networks. A number of UK initiatives have been established to encourage greater 'entanglement' between academia and commerce; the London Technology Network is one example which is intended to encourage interactions between London's leading research institutes and innovation organisations. Using the detailed data acquired by this network this development paper is intended to investigate the geographic distribution of these activities with the aim of establishing the extent to which location and/or distance play a significant role in participation in the network's activities. A wide range of authors have highlighted the potential benefits for innovation that may arise from effective networking between organisations along and across the supply-chain. As many organisations have downsized or out-sourced basic research activities Universities have an increasingly important role within such networks. A number of UK initiatives have been established to encourage greater 'entanglement' between academia and commerce; the London Technology Network is one example which is intended to encourage interactions between London's leading research institutes and innovation organisations. Using the detailed data acquired by this network this development paper is intended to investigate the geographic distribution of these activities with the aim of establishing the extent to which location and/or distance play a significant role in participation in the network's activities

Private money creation and the Suffolk Banking System

Electronic commerce ; Money

Narcissism in Public Accounting Firms

Similar to other characteristics, narcissism is a personality trait that varies by individuals. While the management literature has examined narcissism, there is limited research of narcissism of professionals in public accounting firms. Using the Narcissistic Personality Inventory (NPI), we assess the level of narcissism in practitioners of public accounting firms by examining differences by gender, age, practice area and position. We also compare our results with a prior study that examined narcissism of accounting majors. Our findings show there are differences between accounting students and accounting professionals for certain traits and gender. We also find there are differences for professionals by age, practice area and position for certain traits. Implications for practice are discussed

Study of providing omnidirectional vibration isolation to entire space shuttle payload packages

Techniques to provide omnidirectional vibration isolation for a space shuttle payload package were investigated via a reduced-scale model. Development, design, fabrication, assembly and test evaluation of a 0.125-scale isolation model are described. Final drawings for fabricated mechanical components are identified, and prints of all drawings are included

The Suffolk Bank and the Panic of 1837

The Suffolk Bank in Boston is well known as having been the clearinghouse for virtually all the banknotes that circulated in New England between 1836 and 1858. An examination of 19th century bank balance sheets shows that during and after the U.S. banking Panic of 1837, this private commercial bank also provided some services that today are provided by central banks. These include lending reserves to other banks (providing a discount window) and keeping the payments system operating. Because of Suffolk's activities, banks in New England fared better than banks elsewhere during the Panic of 1837. And after the panic, when much of the United States suffered a prolonged economic slowdown, New England fared better than the rest of the country, at least partly because of Suffolk’s central bank-like activities.Bank notes ; Banks and banking - History

Lessons from a laissez-faire payments system: the Suffolk Banking System (1825-58)

A classic example of a privately created interbank payments system was operated by the Suffolk Bank of New England (1825–58). Known as the Suffolk Banking System, it was the nation’s first regionwide net-clearing system for bank notes. While it operated, notes of all New England banks circulated at par throughout the region. Some have concluded from this experience that unfettered competition in the provision of payments services can produce an efficient payments system. But another look at the history of the Suffolk Banking System questions this conclusion. The Suffolk Bank earned extraordinary profits, and note-clearing may have been a natural monopoly. There is no consensus in the literature about whether unfettered operation of markets with natural monopolies produces an efficient allocation of resources. ; Reprinted in Quarterly Review, Fall 2002 (v. 26. no. 4)Suffolk Banking System ; Payment systems

In order to form a more perfect monetary union

Why did states agree to a U.S. Constitution that prohibits them from issuing their own money? This article argues that two common answers to this question—a fear of inflation and a desire to control what money qualifies as legal tender—do not fit the facts. The article proposes a better answer: a desire to form a viable monetary union that both eliminates the variability of exchange rates between various forms of money and avoids the seigniorage problem that otherwise occurs in a fixed exchange rate system. Supporting evidence is offered from three periods of U.S. history: the colonial period (1690–1776), the Revolutionary War (1776–83), and the Confederation period (1783–89). This article is adapted from a chapter prepared for a forthcoming book, Varieties of Monetary Reforms: Lessons and Experiences on the Road to Monetary Union, edited by Pierre Siklos, to be published by Kluwer Academic Publishers.Banks and banking - History ; Money theory