Economics, scientific doubt and history

Subjects such as public finance, corporate finance, banking theory, risk management and management accounting are all largely based on the neoclassical approach. Most recent appointed professors have started their work with ideas based on a neoclassical fundament and its methodological preferences. Neoclassical economic thinking is not bad in itself. It has brought much good, even. However, now the downside of neoclassical theory has occurred. Failing financial markets have plunged the global economy into crisis. It is, therefore, high time for a debate on economic concepts as taught in universities and business schools. Are students really trained to think critically about economic theory and the consequences when economic theories are put into practice

Reintroducing ethics to economics and development theories

Frank Jan de Graaf argues that the domination of neoclassical economic thinking in academia has contributed to the economic crisis and hindered thinking about sustainable development. Currently, ethics is re-entering the debate about how to develop prosperous open societies. A group of NGOs recently came up with an interesting alternative perspective on economics and social development. Their thinking could enrich mainstream economics. Verschenen in de Working papers series

Cultuurwijziging bank niet te meten:nodig is debat over waarden en normen, benoemen sociaal-ethische vragen en daar beleid op voeren

De monitoringcommissie Code-Banken maakt met haar pleidooi voor meetbaarheid dezelfde fouten die de bankencrisis veroorzaakten. Ze neigt naar overwaardering van één groep belanghebbenden en toont een onjuiste verwachting van meetsystemen, terwijl sociaal-ethische vragen niet aan de orde komen. Wanneer de monitoringcommissie werkelijk verschil wil maken, dan zal zij een sociaal-ethisch gesprek binnen de bankensector moeten stimuleren, plus zorgen dat in controlesystemen deze ethische vragen aan de orde komen

When network governance is needed to control IT-applications used in coordination and innovation

IT-based networking trends such as the rise of social media, crowd sourcing, open innovation, and cloud computing enable a profoundly different way of working and collaborating that challenges significantly traditional approaches of companies towards governance, i.e. the mechanisms a company employs to achieving business results and safeguarding information. Standard practices developed with a hierarchical model of the company in mind, are inadequate for providing sufficient correlation between governance mechanisms deployed and results achieved. Popular literature on the subject states that dealing effectively with such new technologies in a business environment requires relinquishing control and subverting to trust. This paper makes the case that deploying successfully new IT-based networking tools rather involves shifting one’s trust from a well-established and well-known governance system based on hierarchy and control towards another governance system, termed in the literature as network governance. This paper assesses when network governance is the better suited governance system. The presented theoretical model helps to understand how companies should use arising new technologies and which tasks are suited for network-driven IT-applications. Furthermore, the model enables to understand how network governance works to achieve business results and to safeguard information exchanges

Network governance for dealing with IT-enabled Interorganizational cooperation:when should network IT - such as social media - be used and how to govern it

IT-based networking trends such as the rise of social media, crowd sourcing, open innovation, and cloud computing enable a profoundly different way of working and collaborating that challenges significantly traditional approaches of companies towards governance, i.e. the mechanisms a company employs to achieving business results and safeguarding information. Standard practices developed with a hierarchical model of the company in mind, are inadequate for providing sufficient correlation between governance mechanisms deployed and results achieved. Popular literature on the subject states that dealing effectively with such new technologies in a business environment requires relinquishing control and subverting to trust. This paper makes the case that deploying successfully new IT-based networking tools rather involves shifting one’s trust from a well-established and well-known governance system based on hierarchy and control towards another governance system, termed in the literature as network governance. This paper assesses when network governance is the better suited governance system. The presented theoretical model helps to understand how companies should use arising new technologies and which tasks are suited for network-driven IT-applications. Furthermore, the model enables to understand how network governance works to achieve business results and to safeguard information exchanges

Using social media to support cluster development

Developing European transnational clusters is a cornerstone in current EU-policies towards a sustainable competitive and open European economy. Within this conceptual paper relates these objectives to new developments in the application of network IT or, in popular terms, the rise of social media. The growing importance of clusters is related to new theoretical insights. Based on this, the paper comes with suggestions for policy makers in governments, businesses and knowledge institutions such as universities. Opening Up is designed to look for a better service to citizens and businesses through the use of social media and open data. The opening-up project started in October 2011 and lasts three years