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The Economist presents: the dangers of free #hospital #parking. "“If a hospital in a crowded city stopped charging [for parking], it would mean more frail, elderly people staggering into the accident and emergency ward on their own as their sons and daughters search for a space, more parents panicking as a child who has hit her head lolls in the back seat, and more labouring women leaning against railings.” https://economicsociology.org/2019/08/20/the-economist-presents-the-dangers-of-free-hospital-parking/ #neoliberalismThe Growth of Shadow #Banking and State-#Finance Relations https://economicsociology.org/2019/08/15/the-growth-of-shadow-banking-and-state-finance-relations/ #regulation #fedTags
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Recent Posts
- The Economist presents: the dangers of free hospital parking. The Neoliberal absurdity at its ‘best’
- The Growth of Shadow Banking and State-Finance Relations
- B&B: Sins of economics // Appropriating the planet // Living in precarity // You are financier // Historians and economists // Labor and serendipity // Neoliberalism uses imperialism
- The Making of Homo Financius and Neoliberal Morality
- Great academic opportunities: 18 calls for papers, 7 jobs, 5 postdocs, 3 PhD fellowships, 2 grants, a summer school
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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 19th 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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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
