Monthly Archives: June 2015

Debt is a Product of Power Relations

Debt is a product of power relations which inherently exhibits capturing and dominating mechanisms of subordination, appropriation and exploitation in various societal, political and economic fields. Debt is degrading institutional tool which not merely controls and masters labor in advance, it also self- and socially … Continue reading

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Economic Consequences of Neoliberalism: Coping with Financial Crises

John Maynard Keynes: “The power to become habituated to his surroundings is a marked characteristic of mankind. Very few of us realize with conviction the intensely unusual, unstable, complicated, unreliable, temporary nature of the economic organization by which Western Europe … Continue reading

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Goldman Sachs banker: “We have to accept that inequality is a way of achieving greater opportunity and prosperity for all”

Defending huge bonuses in banking industry on a panel on ethics, Lord Brian Griffiths (Vice-chairman of Goldman Sachs bank and a adviser to Margaret Thatcher) proudly said: “We have to accept that inequality is a way of achieving greater opportunity and … Continue reading

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Fiscal embeddedness: taxation policy as an institutional tool of state-building

Following Joseph Schumpeter’s assertion that “the public finance is one of the best starting points for an investigation of society, especially, though not exclusively, of its political life”, I find that the multidisciplinary study of the sources, practices and consequences of … Continue reading

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Political Economy of Grandmothers’ deaths rate – Why the week prior to an exam is dangerous for the relatives of students?

In this remarkable paper, Mike Adams (Eastern Connecticut State University) thoroughly (to say 🙂 wittily and jestingly) scrutinizes a fundamental problem: a student’s grandmother is far more likely to die suddenly just before the student takes an exam, than at … Continue reading

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Thomas Piketty: “Take a serious interest in money… Those who have a lot of it never fail to defend their interests.”

These are Thomas Piketty’s  last words in his groundshaking Capital in the Twenty-First Century. Our community – the Economic Sociology and Political Economy global academic community – proudly fulfills their meaning: “All social scientists, all journalists and commentators, all activists in … Continue reading

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How to defeat Neoliberalism? Name and shame its carriers. Together we did it– and we succeeded!

Neoliberalism is a political project, sophisticatedly exploiting the fictitious “free markets” ideas professed by mainstream economists, aimed at reshaping the functions of the state and its institutions, in order to change the distribution of capital and wealth in a society. In the years … Continue reading

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The Art of Writing

In Peter De Vries’ epic Reuben, Reuben, the main character – a creatively blocked Scottish poet Gowan McGland (based on a famous Welsh poet Dylan Thomas),  reveals his working habits, which perhaps might be useful for you in any aspect: “Sometimes I write drunk and … Continue reading

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