Monthly Archives: March 2015

Gregory Mankiw: “Economic science is still a primitive body of ‪knowledge‬.”

Posted on March 26, 2015 by Oleg Komlik

From the horse’s mouth: Professor Gregory Mankiw (Chair of ‪Economics Department, ‪Harvard‬ University) on economics: “The ‪‎economy‬ is complex, and economic science is still a primitive body of ‪‎knowledge‬.” From his op-ed in New York Times, March 22, 2014 *** Join the … Continue reading →

Posted in Economists quotes on economics | Tagged economics, knowledge | 3 Comments

The “responsible”, the “irresponsible” and the Political Economy of the Sovereign Debt Crisis

Posted on March 25, 2015 by Oleg Komlik

There are “irresponsible” countries (Greece, Ireland, Italy, Portugal and Spain) which caused the current crisis; and there are “responsible” governments (Germany), which for some reason are asked to repay others’ debts and have the right to refuse to bail “irresponsibles” out and to insist the … Continue reading →

Posted in Papers | Tagged austerity, debt, democracy, devaluation, European Union, Germany, Greece, policy, politics, state | 2 Comments

Gender Inequality in the Labour Market in the UK

Posted on March 23, 2015 by Oleg Komlik

While women’s engagement and outcomes in the labour market have progressed, the work they do and the remuneration they receive does not reflect personal qualifications relative to men. Why? Gender Inequality in the Labour Market in the UK provides an extensive … Continue reading →

Posted in Books | Tagged education, gender, household, inequality, labor, United Kingdom | Leave a comment

Ben Bernanke on economics and economic forecasting

Posted on March 21, 2015 by Oleg Komlik

In his remarks at Princeton University Baccalaureate Ceremony in June 2013, several months before he left office, the former chairman of the Federal Reserve and an eminent economist Ben Bernanke released into the world this frank insight: “Economics is a highly … Continue reading →

Posted in Economists quotes on economics | Tagged economics, forecasting | Leave a comment

Globalised Minds, Roots in the City: Urban Upper-Middle Classes in Europe

Posted on March 20, 2015 by Oleg Komlik

A new interesting book Globalised Minds, Roots in the City: Urban Upper-middle Classes in Europe explores and reveals the role of urban upper-middle classes in the transformations experienced by contemporary European post-national societies. The findings of this research may surprise and intrigue. … Continue reading →

Posted in Books | Tagged Europe, globalization, glocalization, Middle class, urban sociology | Leave a comment

The whole human knowledge is within your reach! The only two books you ever have to read :-)

Posted on March 15, 2015 by Oleg Komlik

What they do, and what they do not, teach you at Harvard Business School. (By the way, who are those THEY?…) *** Join the Economic Sociology and Political Economy community through Facebook / Twitter / LinkedIn / Google+ / Reddit / Tumblr

Posted in Oleg Komlik | Tagged academia, knowledge | Leave a comment

Causes of poverty: perceptions, ideas and policy making

Posted on March 11, 2015 by Oleg Komlik

The former chairman of the Federal Reserve Ben Bernanke recently said the “the greatest forces in Washington are ideas, and people prepared to act on those ideas.” (2013: 5). The following research demonstrates this power of ideas. Much of the research explaining … Continue reading →

Posted in Papers | Tagged ideas, inequality, neoliberalism, policy, politics, poverty, United States | 1 Comment

If wealth was the inevitable result of hard work and enterprise, every woman in Africa would be a millionaire

Posted on March 9, 2015 by Oleg Komlik

“If wealth was the inevitable result of hard work and enterprise, every woman in Africa would be a millionaire.” – George Monbiot (a British writer and activist), from “The 1% are the very best destroyers of wealth the world has ever seen.”