Monthly Archives: October 2020

B&B: Debt is a social construction // Erasure of a black middle class // Miseducation and inequality // Neoliberal quantification in academia // Promoting democracy or “free market” ideas?

> “Debt is a social construction, fundamentally malleable, and what’s unmanageable must eventually be seen as immoral” — Olivia Schwob discusses the long history of debt cancellation and calls to consider taking this path, reflecting on excellent books on debt … Continue reading

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Polanyi’s Prescience: Covid-19, Market Utopianism, and the Reality of Society

by Margaret Somers and Fred Block * One of Karl Polanyi’s fundamental concepts is ‘the reality of society’, a term he uses in The Great Transformation (TGT) (Polanyi 1944/2001) to contest the idealised model of the autonomous self-regulating market. Modern … Continue reading

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The ES/PE community on social media

Dear email subscribers and WordPress subscribers to the Economic Sociology and Political Economy community blog, this post is mainly for you. Wouldn’t you like to know and recall, what we talked about the day before the Nobel Prize in Economic … Continue reading

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Political Economy After Neoliberalism: A Manifesto for New Thinking

by Neil Fligstein and Steven Vogel* If anything could have dislodged the neoliberal doctrine of freeing the market from the government, you might have expected the coronavirus pandemic to do the trick. Of course, the same was said about the global financial … Continue reading

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Discipline and Punish: The Challenge of Teaching

While I was preparing a syllabus for a new course, two entertaining sayings jumped to my mind. The first was made by the master — Michel Foucault. During one of his lectures at Victoria University in Toronto in 1982, he … Continue reading

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