Monthly Archives: June 2015

Debt is a Product of Power Relations

Posted on June 30, 2015 by

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 a degrading institutional tool which not merely controls and masters labor in advance, it also self- … Continue reading →

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Economic Consequences of Neoliberalism: Coping with Financial Crises

Posted on June 27, 2015 by

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”

Posted on June 22, 2015 by

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

Posted on June 20, 2015 by

Bearing in mind 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 a multidisciplinary study of the sources, practices and … Continue reading →

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Political Economy of Grandmothers’ deaths rate — Why the week prior to exams is dangerous for the relatives of students?

Posted on June 17, 2015 by

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.”

Posted on June 12, 2015 by

These are Thomas Piketty’s  last words in his ground-shaking Capital in the Twenty-First Century. The Economic Sociology and Political Economy global community proudly realizes their prescriptive meaning: “All social scientists, all journalists and commentators, all activists in the unions and in politics of … Continue reading →

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

Posted on June 10, 2015 by

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

Posted in Name and Shame, Oleg Komlik | Tagged , , , | 5 Comments

The Art of Writing

Posted on June 1, 2015 by

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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