B&B: Best books in political economy // Raising elite // Missing from economics: women // Philanthropy’s interests // Living now in the pre-industrial age // Black businesses and the Civil Rights Movement
This time, especially worth reading and sharing articles:
> Mark Blyth chooses and discusses the best 5 books on how Political Economy works >> The Passions and the Interests by Albert Hirschman, Social Origins of Dictatorship and Democracy by Barrington Moore, The Great Transformation by Karl Polanyi, The Rhetoric of Reaction by Albert Hirschman, The General Theory of Employment, Interest and Money by John Maynard Keynes
> Those who went to top private schools are 94 times (!) more likely to be in UK’s elite, even without passing through Oxbridge — revealed Aaron Reeves and Sam Friedman after studying 120-year period
> Missing from economics textbooks: Women. Missing from economics departments: Women. Missing from economics conferences: Women. Missing from economics references: Women
> Is philanthropy repugnant to the idea of democracy? Aaron Horvath & Walter Powell: “’Disruptive philanthropy‘ seeks to shape civic values in the image of funders’ interests… to change public opinion and demand.” — A review of David Callahan’s The Givers: Money, Power, and Philanthropy in a New Gilded Age
> Andy Haldane, Chief economist of Bank of England: The current relationship between pay and employment reflects the pre-Industrial Revolution period: when there were no unions, labor hours were flexible, people were self-employed, and work was artisanal
> Lending a hand: How small black-owned businesses variously supported the 1950-60’s civil rights movement — by Louis Ferleger & Matthew Lavallee
> Target2 imbalances and the stagnating political economy of Europe: A new approach is needed to curb unemployment and increase liquidity — by Muhammad Ali Nasir
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I was hoping for some commentary on the Origins of Democracy…. Since 1988 U S Congressional Resolution #331 addresses the role of the Iroquois Constitution in the development of our US Constitution: “Gayaneshagowa-the great law of Peace” reportedly availed us ‘democratic tools’ like “Recall Petitions” and “Ballot Initiatives”, as well as availing women the Rights to Assert, Debate, Vote, and Declare war-over half a century before the Magna Carta made its ‘debut’. …
Robert Olcott and others would appreciate Bruce Johansen’s “Forgotten Founders”, The Harvard Common Press (1982), which details how the American Indian influenced the US Constitution.