B&B: Amartya Sen // Tulipmania // Sadie Alexander // Surveillance and Authoritarianism // The Mafia and weak state // New Working Class // ‘Smart’ city serves business

This time, especially worth reading and sharing articles:

> There are two types of critiques of capitalism – moral and material. Amartya Sen combines the two effectively, demonstrating that the separation of our moral lives from our material concerns are inconceivable — by Tim Rogan, the author of The Moral Economists: R H Tawney, Karl Polanyi, E P Thompson and the Critique of Capitalism

>The 17th century Dutch Tulip Mania was irrational massive craze, a first modern financial bubble crashing the economy. NO. Anne Goldgar reveals that it was a limited story of conspicuous consumption in the network of wealthy elites. Read more in her book Tulipmania: Money, Honor, and Knowledge in the Dutch Golden Age

> Sadie Alexander was the first African-American woman to receive PhD in economics (1921). She studied the devaluation of household work and saw a federal full-employment program as economically vital — an interview with Nina Banks

> A “smart” city is a privatized city and ‘living laboratory’ controlled by businesses continuously amassing data, while the municipalities protect them due to “competition-sensitive information” 

> In an environment with weak state at the 19th century, landholders in Sicily turned to the Mafia to combat popular socialist movements. The rise of the Mafia reduced literacy, provision of public goods and political competition — by Daron Acemoğlu, Giuseppe De Feo, Giacomo De Luca

> “Surveillance and the Global Turn to Authoritarianism” is the topic of Surveillance & Society issue (edited by David Murakami Wood) with 31 short pieces, covering 25 countries and various angles of the Authoritarian Turn in economy, technology, and policy

> The New Working Class: Average earnings for adjunct professors and home health care workers are the same. To understand the US electorate requires a new understanding of the shifting and re-forming working class

moral economists amartya sen karl polanyi

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