Monthly Archives: June 2011

How Markets Fail: The Logic of Economic Calamities

Behind the alarming headlines about job losses, bank bailouts, and corporate greed is a little-known story of bad ideas. For fifty years or more, economists have been busy developing elegant theories of how markets work—how they facilitate innovation, wealth creation, … Continue reading

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The Social Construction of Free Trade: The European Union, NAFTA, and Mercosur

Francesco Duina’s The Social Construction of Free Trade: The European Union, NAFTA, and Mercosur  offers a compelling new interpretation of the proliferation of regional trade agreements (RTAs) at the end of the twentieth century. Challenging the widespread assumption that RTAs … Continue reading

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The Global Political Economy of Israel

Over the past century, Israel has been transformed from an agricultural colony, to a welfare-warfare state, to a globally integrated “market economy” characterised by great income disparities. What lies behind this transformation? Why the shift in emphasis from “war profits” … Continue reading

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Economic Sociology

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