Monthly Archives: November 2011

The Worth of Goods: Valuation and Pricing in the Economy

This valuable volume The Worth of Goods: Valuation and Pricing in the Economy, edited by Jens Beckert and Patrik Aspers revisits established theories of value and takes a sociological approach to the perennial but timely question of what makes a product valuable. Leading … Continue reading

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After Adam Smith: A Century of Transformation in Politics and Political Economy

In After Adam Smith: A Century of Transformation in Politics and Political Economy Murray Milgate & Shannon C. Stimson remind us that many intellectuals shaped different ways of thinking about economics and politics after Adam Smith- Thomas Malthus, David Ricardo, James Mill, … Continue reading

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Accountants’ Truth: Knowledge and Ethics In The Financial World

Accounting is the language of business, increasingly standardized across the world through powerful global corporations: a technical skill used to reach the correct, unquestionable answer. Yet, as recent corporate scandals have shown, a whole range of financial professionals (auditors, bankers, … Continue reading

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Capitalism and Climate Change: Theoretical Discussion, Historical Development and Policy Responses

This pathbreaking book by Max Koch discusses (Lund University) climate change as a social issue by analysing its development in parallel with capitalism. By integrating political economy and environmental economics, it examines the incompatibility of the imperatives of capitalist development … Continue reading

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Institutions and the Economy

Institutions are central to economic life. They have a major impact on the actions and processes of firms, levels of wealth in countries, the growth of international trade etc. Institutions do more than support economic life: they enable and shape … Continue reading

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Economic Anthropology

This new book lays out the most sophisticated history and practice of economic anthropology. The authors- Chris Hann and Keith Hart- show that anthropologists have contributed to understanding the three great questions of modern economic history: development, socialism and capitalism. … Continue reading

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Why do people play lottery in groups? It’s more about reproducing social ties, than profit maximization

Sharing lottery tickets with co-workers or friends may create agency problems related to opportunism in addition to the fact that playing the lottery in general is tantamount to buying an asset with negative expected value. So why do people form a … Continue reading

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