Monthly Archives: June 2020

What is Institutional Economics?

From William Dugger’s Underground Economics: A Decade of Institutionalist Dissent: “Institutionalism serves as the methodological conscience to the unrealistic neoclassicism that now dominates economics departments in U.S universities. Realism is the touchstone of institutionalism. Institutionalists may differ over many particulars, … Continue reading

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B&B: Economists’ blindness to racism // We are all fast-food workers // For abolition of work // Arms purchase // Tests for profit // The financialized imagination // Gendered economics

This time, especially worth reading and sharing pieces: > Racism is a system that manifests in norms, institutions, and policies. Economists who want to challenge it must abandon neoclassical assumptions and recognize the role of history, power, and institutions in … Continue reading

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The Probable Implications of the Coronavirus Crisis — Bruno Latour, James Galbraith, Mike Davis

> Bruno Latour: “The [COVID-19] health crisis prepares, induces, incites us to prepare for climate change… What allows the two crises to occur in succession is the sudden and painful realization that the classical definition of society – humans among … Continue reading

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The Feature of an Intellectual

F. Scott Fitzgerald: “The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function. One should, for example, be able to see that … Continue reading

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