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In 1951 John Kenneth Galbraith wrote Milton Friedman to thank him for giving a lecture at #Harvard #economics department. This very short letter is not only a typical example for #Galbraith’s eloquence and sardonic phrasing, but underlines his ability to combine conceptual open-mindedness with a sincere standpoint of his own. Read, and more: https://economicsociology.org/2018/11/23/galbraith-vs-friedman-the-emancipation-of-belief-is-the-most-formidable-of-the-tasks-of-reform-the-one-on-which-all-else-depends/B&B: Tech companies love #dogs not unions // How US #conservative #elite persists // Male-dominated central banks // #India’s #demonetisation // The making of Tourist #Capitalism See the articles: https://economicsociology.org/2018/11/15/bb-tech-companies-love-dogs-not-unions-how-us-conservative-elite-persists-male-dominated-central-banks-indias-demonetisation-the-making-of-tourist-capitalism/Tags
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Recent Posts
- Great academic opportunities: 11 calls for papers, 4 jobs, 2 postdocs, visiting grant, PhD stipend, summer school
- Galbraith vs. Friedman — “The emancipation of belief is the most formidable of the tasks of reform, the one on which all else depends”
- B&B: Tech companies love dogs not unions // How US conservative elite persists // Male-dominated central banks // India’s demonetisation // The making of Tourist Capitalism
- Elite Men and Inequality in the Hedge Fund Industry
- Great academic opportunities: 10 calls for papers, 4 jobs, 3 postdoc and visiting positions, 2 PhD stipends
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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
