Monthly Archives: September 2011

Networks in the Russian Economy

How does Russian economy function on a grassroots level? In addition to market mechanisms, what kinds of social and moral principles are at work in the new Russian economy? Is the ‘Soviet legacy’ still present in post-Soviet business practices? Networks … Continue reading

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Challenging Governance Theory: From Networks to Hegemony

Theories heralding the rise of network governance have dominated for a generation. Yet, empirical research suggests that claims for the transformative potential of networks are exaggerated. Jonathan Davies’ Challenging Governance Theory: From Networks to Hegemony takes a critical look at … Continue reading

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The Entrepreneur: Classic Texts by Joseph A. Schumpeter

A renowned economist Joseph A. Schumpeter has made seminal contributions not only to economic theory but also to sociology and economic history. The Entrepreneur: Classic Texts by Joseph A. Schumpeter, edited by Markus C. Becker, Thorbjørn Knudsen, and Richard Swedberg, contains … Continue reading

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Pillars of Prosperity: The Political Economics of Development Clusters

“Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things”, … Continue reading

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China’s Regulatory State: A New Strategy for Globalization

Today’s China is governed by a new economic model that marks a radical break from the Mao and Deng eras; it departs fundamentally from both the East Asian developmental state and its own Communist past. It has not, however, adopted … Continue reading

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Noam Chomsky on Adam Smith and “Invisible Hand”

An extra scene from an interesting documentary American Feud: A History of Conservatives and Liberals (2008/2017). Here, Chomsky explains that the conventional notion of “invisible hand” is mistaken and that though praised by conservatives and mainstream economics, it actually reflects Smith’s … Continue reading

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Codes of Finance: Engineering Derivatives in a Global Bank

Investment banks are enormously important, yet few social scientists have been inside them. Vincent Antonin Lépinay (MIT), a former bank employee, presents in his new fine book Codes of Finance: Engineering Derivatives in a Global Bank rich and fascinating ethnography, taking … Continue reading

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Evolution of British Economic Sociology: From Local and ‘Industrial’ to Comparative and ‘Economic’

What have been the key shifts of emphasis in the research agenda of British economic sociology over the last four decades? Duncan Gallie (Nuffield College) tackles this question and presents a concise and interesting review of changing perspectives in British … Continue reading

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