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

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Markets

In this insightful book of Patrik Aspers (Stockholm University) presents a comprehensive sociological view of Markets. Aspers smoothly combines theory with empirical examples and illuminates the origins and forms of markets, how thay are made and the importance of identity and emotions. … Continue reading

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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

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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

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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

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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

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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

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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

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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

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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

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