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In 1951 John Kenneth Galbraith wrote Milton Friedman to thank him for giving a lecture at #Harvard #economics department. This very short letter is not only a typical example for #Galbraith’s eloquence and sardonic phrasing, but underlines his ability to combine conceptual open-mindedness with a sincere standpoint of his own. Read, and more: https://economicsociology.org/2018/11/23/galbraith-vs-friedman-the-emancipation-of-belief-is-the-most-formidable-of-the-tasks-of-reform-the-one-on-which-all-else-depends/B&B: Tech companies love #dogs not unions // How US #conservative #elite persists // Male-dominated central banks // #India’s #demonetisation // The making of Tourist #Capitalism See the articles: https://economicsociology.org/2018/11/15/bb-tech-companies-love-dogs-not-unions-how-us-conservative-elite-persists-male-dominated-central-banks-indias-demonetisation-the-making-of-tourist-capitalism/Tags
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Recent Posts
- Great academic opportunities: 12 calls for papers, 4 jobs, 2 postdocs, visiting grant, PhD stipend, summer school
- Galbraith vs. Friedman — “The emancipation of belief is the most formidable of the tasks of reform, the one on which all else depends”
- B&B: Tech companies love dogs not unions // How US conservative elite persists // Male-dominated central banks // India’s demonetisation // The making of Tourist Capitalism
- Elite Men and Inequality in the Hedge Fund Industry
- Great academic opportunities: 10 calls for papers, 4 jobs, 3 postdoc and visiting positions, 2 PhD stipends
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Monthly Archives: July 2015
The political origins of the banking regulation and the international cooperation at the Federal Reserve and the European Central Bank
Neither the U.S. Federal Reserve nor the European Central Bank was created as a banking supervisory institution. Each has evolved into its current role, yet for different reasons. In “The Foundations Of Regulatory Convergence And Divergence Between The Federal Reserve And … Continue reading
Posted in Papers
Tagged banking system, diffusion, divergence, European Union, global governance, regulation, United States
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“Ask yourself in the most silent hour of your night: must I write?”
In 1902, a 19-year-old student Franz Kappus sent Rainer Maria Rilke – already then famous author which will be considered later as one of the most significant in the German language and a notable master of lyrics – his poems and … Continue reading
The politics of fiscal policies: the lessons of history
Throughout the recent years of the crisis, the EU bodies and the German leaders have constantly oppressed Greece. They have pushed Greek people towards the abyss of austerity in the name of “fiscal responsibility” and “self-evident economic truths”. But essentially, it is … Continue reading
Posted in Books
Tagged economic history, fiscal sociology, institutional change, institutions, policy, politics, taxation, varieties of capitalism
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Camels, mathematics and the history of economics
“By 1935 economics entered into a mathematical epoch. It became easier for a camel to pass through the eye of a needle than for a non-mathematical genius to enter into the pantheon of original theorist.” Paul Samuelson (1976: 25) This sharp … Continue reading
Posted in Economists quotes on economics
Tagged economics, Keynesianism, policy, taxation
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Law and labor in the American political economy
In 1906, a German distinguished (somewhat neglected) economist and sociologist Werner Sombart published Why is there no Socialism in the United States? – a book which will become a famous work on American exceptionalism in this respect to this day. There are a number of … Continue reading
Posted in Papers
Tagged economic history, institutions, law, policy, Political economy, Unions, United States
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“Aftermath of a Crisis”: Manuel Castells and his colleagues tackling the crisis and its consequences
“In this crisis, some people are trying to go back and other people are trying to discover what the future could be. What doesn’t work anymore is the present, for anyone. That’s why it’s Aftermath Time.” – Manuel Castells Shortly after … Continue reading
Posted in Video
Tagged capitalism, Economic Sociology, financial crisis, neoliberalism, state
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The academic conferences alert!!
“We have time for just one long-winded, self-indulgent question that relates to nothing we’ve been talking about.” 😉 I wish all the academics in the house a pleasant and fruitful scholarly conferences season! Meanwhile, see here and here more memories of these unique intellectual fetes! … Continue reading
Socrates on Oligarchy and Democracy
The Republic is a monumental work of philosophy and political theory, written by Plato around 380 BC. In this sophisticated and fascinating tractate of ten books, Socrates – the pivotal character of The Republic – conducts his famous dialogues with Athenians, deliberating mainly on essence and aspects … Continue reading
