Monthly Archives: May 2015

Economic culture in the public sphere: practice, knowledge and discourse

“Economic Culture in the Public Sphere” is the topic of the European Journal of Sociology special issue, edited by Nina Bandelj, Lyn Spillman & Frederick F. Wherry. This very interesting issue deals with the important question of how public understandings of … Continue reading

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Emile Durkheim’s definition of Economic Sociology

Emil Durkheim’s precisely short and comprehensively rich definition of Economic Sociology: “There are the economic institutions: institutions relating to the production of wealth (serfdom, tenant farming, corporate organization, production in factories, in mills, at home, and so on), institutions relating … Continue reading

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The Art of Banking: a joke (i.e. an insight) from Wall Street

An old Wall Street joke tells about a junior financial journalist that naively asked the manager of investment banking division: “Why do customers keep buying mutual and provident funds despite their scant profits and low yields?” The senior financier amusedly looked … Continue reading

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Democracy matters: the extension of the franchise and its impact on financial systems

For centuries, voting rights were limited to wealthy elites, aristocrats, and landlords. For instance,  the electorate in England and Wales in 1780 consisted of less than 3% of the total population. Suffrage reforms, enacted during the late 19th and the 20th … Continue reading

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Public engagement is a moral obligation of social scientists

Pierre Bourdieu, a preeminent social scientist and influential public intellectual: “Those who have the good fortune to be able to devote their lives to the study of the social world cannot stand aside, neutral and indifferent, from the struggles in which … Continue reading

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When public good exchanged to private gain: neoliberalism, higher education and social inequality

Public higher education has a long history, with its growth associated with mass higher education and the extension of a social right to education from secondary schooling to university education. Following the rise in student numbers since the 1970s, the … Continue reading

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Piggy bank for Das Kapital made in the Image of ‪Karl ‎Marx‬?! This is blasphemy and sacrilegiousness!! ;-)

This desecration of the Holy of Holies was observed in a souvenir store in Venice. Karl Marx was born today 197 years ago, on 5th of May, 1818.

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Money is a mode of governance in a material world of capitalism

Money travels the modern world in disguise. It looks like a convention of human exchange – a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution … Continue reading

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Rise like Lions after slumber in unvanquishable number, Shake your chains to earth like dew… Ye are many — they are few.

The political poem “Mask of Anarchy” was written by Percy Bysshe Shelley, following the Peterloo Massacre in 1819 when pro-democracy and anti-poverty protesters in Manchester were brutally dispersed by armed cavalry. This is a powerful call for freedom, political representation and … Continue reading

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