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A fresh #NobelPrize winner Paul Romer: "For more than three decades, #macroeconomics has gone backwards", "Mathiness lets [economics’] academic politics masquerade as science". Read and share Romer's astute reflections on the state of #economics profession. https://economicsociology.org/2018/10/08/nobel-winner-paul-romer-economists-use-math-to-mislead/James March, a distinguished social scientist and great master of #management studies, organisational and institutional #theory, has passed away. But only a few know that beside his tremendous academic career, March was also an accomplished poet. Poetry, he wrote, "is an exploration of ambivalence and paradox, of the possibility of feeling simultaneous sentiments that seem contradictory, of living in multiple worlds and experiencing multiple feelings, and of recognizing the role of ugliness in the creation of beauty.” R.I.P. https://economicsociology.org/2018/09/28/r-i-p-james-march-success/ #sociology #socialscience #strategyTags
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Recent Posts
- Nobel winner Paul Romer on the backwardness of economics and economists’ misleading use of math
- R.I.P. James March — “Success”
- Central Banks, Technocratic Power, and the Fear of Democracy
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Monthly Archives: January 2015
What is financialization? Marxism, Post-Keynesianism and Economic Sociology’s complementary theorizing
The economic crisis erupted in 2007-2008, commonly known around the world as the Global Financial Crisis and in the US as the Great Recession, highlighted – for those who deliberately or unintentionally have in recent years overlooked – the ascendancy of finance, a … Continue reading
Posted in Papers
Tagged banking system, capitalism, corporations, Economic Sociology, finance, financial crisis, financialization, households, Marxism, neoliberalism, Political economy, profit
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Karl Marx: “Capitalist production… disturbs the metabolic interaction between man and the earth.”
“Capitalist production… disturbs the metabolic interaction between man and the earth… All progress in capitalist agriculture is a progress in the art, not only of robbing the worker, but of robbing the soil; all progress in increasing the fertility of … Continue reading
Anti-austerity Syriza wins Greece election in the shadow of the crisis; but the Greek crisis is not just about Greece
What are the causes of the Greek debt crisis and what steps should be taken in order to get out of it? Who is to blame for the destruction of Greek society after three rounds of harsh austerity since 2010? … Continue reading
What is Historical Sociology? Understanding the origins of the current social world and the consequences of its transformations
Sociology was created to explain historical change, although social sciences’ “founding fathers” disagreed over the nature of that change. Dealing mainly with topics which now can be easily associated with economic sociology and political economy (capitalism and labor), Karl Marx, Karl Polanyi, … Continue reading
Posted in Books
Tagged capitalism, Culture, gender, historical sociology, inequality, institutional change, institutions, social movements, state
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Financial economics, or “Would you please elaborate on ‘then something bad happened’?”
“Would you please elaborate on ‘then something bad happened’?”
Posted in Theory in Pictures
Tagged economics, finance, financial markets, social studies of finance, stock exchange
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Economics of Simplism, or when real people ruin perfect economic models
from: Mankiw, Gregory. 2014. Principles of Economics. Cengage Learning. (P. 436) P.S. Homo Economicus should watch what he eats! 😉 *** Join the Economic Sociology and Political Economy community via Facebook / Twitter / LinkedIn / Google+ / Instagram / Tumblr
You, George Soros and Zizek’s “Cultural Capitalism”: We all BUY our redemption from being only consumerists
In this 10 minute discerning and animated talk, the audio in which is complemented by a visually stunning cartoon, a philosopher Slavoj Zizek discusses how ethics and charity have been co-opted by capitalism, and why this is problematic and amoral. … Continue reading
Posted in Video
Tagged capitalism, consumerism, consumption, ethics, globalization, neoliberalism, Oscar Wilde, philanthropy
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International Political Economy scholars miss THE question of the 21st century: the rise of a global labor class living in poverty
In the recent years, more and more International Political Economy (IPE) scholars are dissatisfied with the current state of this field of research and desire to identify the ‘Big Questions’ of the 21st century. In this (open access) article, Benjamin … Continue reading
Posted in Papers
Tagged academia, capital, capitalism, class, development, global political economy, globalization, labor, Marxism, social sciences
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