Monthly Archives: September 2014

Democratic pressure lead to abolition of ‪‎university‬ ‪tuition‬ fee in ‪‎Germany‬. This ‪‎neoliberal‬ experiment contributed to increasing educational and income ‪‎inequality‬

During the past eight years, university tuition fees were introduced into most German federal states as under Germany’s federal system, state governments run education policy. Yet during the last months, as a result of political processes and increasing public pressure … Continue reading

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“Economics graduate programs may be turning out a generation with too many idiot savants skilled in technique but innocent of real economic issues.”

A sentence adorning the title of this post was one of the conclusions of the American Economic Association’s Commission on Graduate Education in Economics, formed in 1991, chaired by Anne Krueger and included Kenneth Arrow, Robert Lucas, Joseph Stiglitz, Lawrence … Continue reading

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The Bridge and the Door to the new academic year– my wishes to you in Georg Simmel’s insightful and imaginative words

Georg Simmel: “The bridge symbolizes the spreading of our will through space. [..] The bridge encourages the eye to inter-relate parts of the landscape just as in practical reality it encourages bodies to relate with one another. […] The door … Continue reading

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What crisis? Everything must (not) change so that the IMF can remain the same.

During the last years, some economists at the International Monetary Fund (IMF)  have presented papers, that allegedly rejected several neoliberal ideas (on a range of issues, from fiscal policy to capital controls) which have been preached and enforced by its … Continue reading

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“I don’t believe in Global Warming”.. Yee…

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“The Moral Background: An Inquiry into the History of Business Ethics” by Gabriel Abend brings a novel conceptual depth to the important field of the sociology of morality

Investigate the history of business ethics in the United States from the 1850s to the 1930s, this fine book (open access to the introduction) examines the work of numerous business ethicists and organizations—such as Protestant ministers, business associations, journalists and … Continue reading

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“Classification Situations: Life-chances in the Neoliberal Era” proposes to revisit class analysis through the prism of techno-social changes represented by the advent of market devices

A very interesting research “Classification Situations: Life-chances in the Neoliberal Era” by Marion Fourcade & Kieran Healy examines the stratifying effects of economic classifications. They argue that in the neoliberal era market institutions increasingly use actuarial techniques to split and … Continue reading

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Scots, Save the Finance Capitalism!

It is fascinating to observe how the knights of the Neoliberal Globalism: economists (mainstream, sort of critical towards mainstream and those who sought repentance such as Jeffrey Sachs), the business elite, the nowadays’ robber barons, and their couriers in the … Continue reading

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Erich Fromm: Why have we subordinate the economic machine?

Erich Fromm: “Only if man masters society and subordinates the economic machine to the purposes of human happiness, and only if he actively participates in the social process, can he overcome what now drives him into despair–his aloneness and his … Continue reading

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“The Supranational Corporation: Beyond the Multinationals” shows how corporations flaunt laws and act as controlling powers beyond the legal national constraints

This book by Laura Westra  lays bare corporate actions both domestic and international, under the guise of legal “personhood” that has granted corporations increasing power. As a result, corporate decisions undermine and even nullify legal decisions made by governments designed … Continue reading

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