Monthly Archives: March 2014

Numbers Rule the World: The Underpinning Agendas in the Use and Abuse of Statistics in Global Politics

Credit ratings steer financial markets and can make or break the future of entire nations. GDP drives our economies. Stock market indices flood our media and national debates. But what is behind these numbers? In How Numbers Rule the World: The … Continue reading

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“The professional study of economics has become ideological brainwashing. It is a defense of the excesses of the capitalist system.” (Professor David Korten)

(David C. Korten, an American economist and former Professor of the Harvard Business School)

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Continental Crucible: Big ‪‎Business‬, ‪Workers‬ and ‪Unions‬ in the Transformation of ‪North America‬

This revealing book by Edur Velasco Arregui and Richard Roman illustrates the ways in which the capitalist classes in Canada, Mexico and the United States used free trade agreements to consolidate their agendas and organize themselves continentally. This study has … Continue reading

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Historic Gender Breakthrough: Women aged between 25 and 30 earn slightly more per hour than men, according to the Dutch statistics office.

Women aged between 25 and 30 have higher hourly wages than men, according to the Dutch statistics office. An important factor in this respect is that women in this age group are often higher educated than men. To the best … Continue reading

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Art today is defined by its relationship to money as never before. Artists no longer simply make art, but package, sell, and brand it

Conventional boundaries within the art world have collapsed, and artists now think ever more strategically about how to advance their careers. In Art of the Deal: Contemporary Art in a Global Financial Market (free access to Introduction) Noah Horowitz thoroughly exposes … Continue reading

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Market Rationality (under complete information, of course…)

🙂

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Why are banking systems unstable in some countries–but not in others? Since 1840, the US had 12 crises; Canada had none.

Analyzing the political and banking history of the United Kingdom, the United States, Canada, Mexico, and Brazil through several centuries, “Fragile by Design” (Free access to the First chapter) demonstrates that chronic banking crises and scarce credit are not accidents … Continue reading

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“Critical political economy and ‪‎capitalist‬ diversity” — the Capital & Class journal special issue.

The purpose of the issue is to present a series of critiques of dominant perspectives in the Comparative Capitalisms scholarship (CC) and Varieties of ‪Capitalism‬ literature (VoC), and also to outline a range of alternatives rooted in the Critical Political Economy traditions. … Continue reading

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Name and Shame: Columbia University fired two Public Intellectuals because they hadn’t brought in enough grants

This story should worry everyone who cares about democracy, society and wants academics to play a larger role in public debates. Anthropologists Carole Vance and Kim Hopper, longtime professors at Columbia University’s School of Public Health got fired without compensation after … Continue reading

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From Political Economy to Economics: the Desocialisation and Dehistoricisation of the Dismal Science

From Political Economy to Economics: Method, the Social and the Historical in the Evolution of Economic Theory shows how economics was once rich and diverse, and unravels the processes that lead it to formalistic and monolithic neoclassical orthodoxy. This very interesting book by … Continue reading

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Corporate‬ density is especially potent for the growth of ‪elite‬-oriented nonprofits—but not social welfare nonprofits—when local networks and cultural norms support elite mobilization

In “Golfing Alone? Corporations, Elites, and Nonprofit Growth in 100 American Communities” (open access) Christopher Marquis, Gerald F. Davis & Mary Ann Glynn examine the link between corporations and community by showing how corporate density interacts with the local social … Continue reading

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Noam Chomsky on the neoliberalization, marketization and managerialization of higher education

In “The Death of American Universities” Noam Chomsky analizes the neoliberalization, marketization and managerialization of higher education (in general, not only in the US). As universities move towards a corporate business model, precarity is being imposed by force. “The idea is … Continue reading

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“Well-behaved Women seldom make History” (Laurel T. Ulrich)

Two girls wearing banners “Abolish child slavery!” in English and Yiddish at the 1909 International Workers’ Day parade in New York.

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“The Crises of Capitalism”, a animated clip narrated by Prof. David Harvey

Watch this an animated short (10 min) clip “The Crises of Capitalism”, narrated by David Harvey in which he engagingly and precisely explains the roots of the current crisis and the essence of neoliberal finance capitalism. It’s also good for … Continue reading

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Ludwig Lachmann: “Mechanistic theories are bound to produce results which look automatic”

“The path of economic progress is strewn with the wreckage of failures. Every business man knows this, but few economists seem to have taken note of it. In most of the theories currently in fashion economic progress is apparently regarded … Continue reading

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