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"got banned from the #library for moving all the #books on trickle down #economics to the #mythology section" https://economicsociology.org/2019/09/20/neoliberalism-a-critical-reader/ #neoliberalismThe definition of Political Economy — as a scholarly discipline, a research topic, a sphere of society, or the realm of polity — has gone through many incarnations over the years. A new interesting and instructive paper by Renate Mayntz proficiently addresses the disputed aspects, changing facets and some conventions of #politicaleconomy, and then shows how they are expressed in #research. >> As the new academic year begins, I would like to use this opportunity to Thank You for being here. Invite your colleagues, students & friends to join our common cause https://economicsociology.org/2019/09/14/political-economy-origins-meanings-changes/ #economicsociology #economics #economichistory #sociology #capitalismTags
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Monthly Archives: October 2011
The Making of British Socialism: Uniting Hope, Faith and Economics
Why did the British Marxists follow a Tory aristocrat who dressed in a frock coat and top hat? What was the role of Christian theology and idealist philosophy in shaping socialist ideas? Did the Fabians develop a new economic theory? … Continue reading
Posted in Books
Tagged economics, ideas, labor, Marxism, politics, socialism, United Kingdom
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How Economic Inequality Harms Societies
A British social epidemiologist Richard Wilkinson has studied for decades the social effects of income inequality and how social forces affect health. In this disturbing and important talk he charts the hard data on economic inequality in various countries, and shows … Continue reading
Martin Luther King: “All Labor Has Dignity”
“We need an economic bill of rights. This would guarantee a job to all people who want to work and are able to work. It would also guarantee an income for all who are not able to work.” (Martin Luther … Continue reading
Posted in Books
Tagged inequality, labor, Martin Luther King, race, Unions, United States
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The Instability of Inequality and Unregulated Capitalism
Nouriel Roubini: “Unregulated capitalism can lead to regular bouts of over-capacity,under-consumption, and the recurrence of destructive financial crises, fueled by credit bubbles and asset-price booms and busts… Any economic model that doesn’t properly address inequality will eventually face a crisis of … Continue reading
Age of Greed: The Triumph of Finance and the Decline of America
Age of Greed by Jeff Madrick is a fascinating and deeply disturbing tale of hypocrisy, corruption, and insatiable greed. But more than that, it’s a much-needed reminder of how we got into the 2007-8 crisis after the four-decade sweeping march of neoliberalism. … 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. Drawing on the experiences and date of twenty countries since the 1970s, Lane Kenworthy (University of Arizona) addresses in his … 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 19th and 20th Centuries
As interest in financial markets intensifies, stimulated by the financial crisis of the early 21st century, Financial Centres and International Capital Flows in the Nineteenth and Twentieth Centuries, a new volume edited by Laure Quennouëlle-Corre and Youssef Cassis, brings together leading authorities in … 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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Values and Networks: Former Classmates invest in the Same Stocks
“Is College a Focal Point of Investor Life?” (free access) is an interesting article published in Review of Finance by Massimo Massa and Andrei Simonov, in which they analyze the link between college interaction and portfolio choice. The researchers consider both the general imprinting … 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 worth-reading 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 … 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 vs. Neoclassical Economics
In his recent article “Behavioral Economics: Toward a New Paradigm” a noted scholar Amitai Etzioni (George Washington University) discusses the challenges behavioral economics poses for neoclassical economics and the ways in which the young field may move forward. After reviewing some … Continue reading
