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A fresh #NobelPrize winner Paul Romer: "For more than three decades, #macroeconomics has gone backwards", "Mathiness lets [economics’] academic politics masquerade as science". Read and share Romer's astute reflections on the state of #economics profession. https://economicsociology.org/2018/10/08/nobel-winner-paul-romer-economists-use-math-to-mislead/James March, a distinguished social scientist and great master of #management studies, organisational and institutional #theory, has passed away. But only a few know that beside his tremendous academic career, March was also an accomplished poet. Poetry, he wrote, "is an exploration of ambivalence and paradox, of the possibility of feeling simultaneous sentiments that seem contradictory, of living in multiple worlds and experiencing multiple feelings, and of recognizing the role of ugliness in the creation of beauty.” R.I.P. https://economicsociology.org/2018/09/28/r-i-p-james-march-success/ #sociology #socialscience #strategyTags
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Recent Posts
- Nobel winner Paul Romer on the backwardness of economics and economists’ misleading use of math
- R.I.P. James March — “Success”
- Central Banks, Technocratic Power, and the Fear of Democracy
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Monthly Archives: October 2011
The Making of British Socialism
This impressive book offers a fresh perspective on the emergence of British socialism in the late nineteenth century, demonstrating that it was not a working-class movement demanding state action, but a creative campaign of political hope promoting social justice, personal transformation … Continue reading
Posted in Books
Tagged capitalism, labor, Marxism, politics, socialism, United Kingdom
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“All Labor Has Dignity” (King Legacy)
People forget that Dr. King was every bit as committed to economic justice as he was to ending racial segregation. He fought throughout his life to connect the labor and civil rights movements, envisioning them as twin pillars for social … Continue reading
Posted in Books
Tagged inequality, labor, Martin Luther King, race, Unions, United States
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Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present
The Age of Greed is a fascinating and deeply disturbing tale of hypocrisy, corruption, and insatiable greed. But more than that, it’s a much-needed reminder of just how we got into the mess we’re in—a reminder that is greatly needed when … Continue reading
Posted in Books
Tagged Alan Greenspan, deregulation, economics, finance, Milton Friedman, neoliberalism, politics, Ronald Reagan, United States
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Progress for the Poor
One of the principal goals of antipoverty efforts should be to improve the absolute living standards of the least well-off. This book aims to enhance our understanding of how to do that, drawing on the experiences of twenty affluent countries … Continue reading
Posted in Books
Tagged growth, inequality, neoliberalism, poverty, social policy, taxation
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Financial Centres and International Capital Flows in the Nineteenth and Twentieth Centuries
As interest in financial markets intensifies, stimulated by the financial crisis of the early twenty-first century, this book aims to enrich our understanding of the workings and history of financial centres in the nineteenth and twentieth centuries, and the determinants … Continue reading
Posted in Books
Tagged Argentina, banking system, capital, economic history, financial centres, France, London, markets, New York, politics, regulation, Russia
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Is College a Focal Point of Investor Life? Yes
“Is College a Focal Point of Investor Life?” (free access) is an interesting article by Massimo Massa and Andrei Simonov that analyzes the link between college interaction and portfolio choice. The researchers consider both the general imprinting of values shared by all the students … Continue reading
Posted in Papers
Tagged decision making, investment, networks, social capital, values
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Regulating International Finance and the Evolving Imbalance of Capitalisms since the 1970s
This paper puts the ongoing G20 process of improving the regulation of international finance into a historically informed perspective. To understand the driving forces behind and obstacles to international cooperation in governing finance, Thomas Kalinowski (Max Planck Institute for the … Continue reading
Identity Economics: Economists discover norms and social values
George Akerlof and Rachel Kranton’s Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being provides an important and compelling way to understand human behavior, revealing how our identities–and not just economic incentives–influence our decisions. In 1995, economist Rachel Kranton … Continue reading
Posted in Books
Tagged Culture, decision making, economics, education, gender, identity, norms, work
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Behavioral Economics: Toward a New Paradigm
This article by Amitai Etzioni (George Washington Universit) discusses the challenges behavioral economics poses for neoclassical economics and the ways in which the young field may move forward. After reviewing some of behavioral economics’ accomplishments and the responses to these accomplishments, … Continue reading
