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The Economist presents: the dangers of free #hospital #parking. "“If a hospital in a crowded city stopped charging [for parking], it would mean more frail, elderly people staggering into the accident and emergency ward on their own as their sons and daughters search for a space, more parents panicking as a child who has hit her head lolls in the back seat, and more labouring women leaning against railings.” https://economicsociology.org/2019/08/20/the-economist-presents-the-dangers-of-free-hospital-parking/ #neoliberalismThe Growth of Shadow #Banking and State-#Finance Relations https://economicsociology.org/2019/08/15/the-growth-of-shadow-banking-and-state-finance-relations/ #regulation #fedTags
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Recent Posts
- The Economist presents: the dangers of free hospital parking. The Neoliberal absurdity at its ‘best’
- The Growth of Shadow Banking and State-Finance Relations
- B&B: Sins of economics // Appropriating the planet // Living in precarity // You are financier // Historians and economists // Labor and serendipity // Neoliberalism uses imperialism
- The Making of Homo Financius and Neoliberal Morality
- Great academic opportunities: 18 calls for papers, 7 jobs, 5 postdocs, 3 PhD fellowships, 2 grants, a summer school
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Search Results for: Friedman
Galbraith vs. Friedman — “The emancipation of belief is the most formidable of the tasks of reform, the one on which all else depends”
John Kenneth Galbraith was one of the most famous and influential American economists and public intellectual of the post-WWII era. Galbraith, who leaned toward post-Keynesian economics embracing an institutionalist perspective, was a very prolific writer and his books (The Great … Continue reading
Believe it or not — the Nobel Prize in Economic Sciences committee’s reasoning for awarding Milton Friedman. You better believe it! He believed…
Apparently, it’s all about belief… “A large part of Friedman’s conclusions about the possibilities of economic policy is based on his liberal belief in the positive, built-in properties of a functioning market economy.” (“The Prize in Economics 1976 – Presentation … Continue reading
Robert Solow’s sarcastic economics
Robert Solow, one of the most honored and influential economist of the second half of the 20th century, has been involved throughout his career in a series of polemics with several neoliberal (and other) economists in academia and government. Along with substantial assertions and explanations, … Continue reading
Who is in Control of Markets: Humans or Financial Models?
by Ekaterina Svetlova* The recent stock market correction raised again the question of who is in control of markets: humans or technology. Nasdaq CEO Adena Friedman said on CNBC that „humans are definitely in charge of the decisions in the market” … Continue reading
A Critique of the Critique of Finance: Critics of neoliberal capitalism rarely recognize the productive power of speculation
by Martijn Konings* If there is one theme that unites the various critiques of contemporary finance, it is the emphasis on its speculative character. Financial growth is said to be driven not by the logic of efficient markets, but rather … Continue reading
Foucault: Neoliberalism is not laissez-faire, but permanent vigilance, activity, and intervention
The following Michel Foucault’s sharp insights on neoliberalism were presented during his lecture series “The Birth of Biopolitics” at the Collège de France in 1979 — a few months before Thatcher and Reagan took power, but several decades after Walter Lippmann, … Continue reading
Is Homo Economicus Dead?
by Peter Fleming* In Martin Scorsese’s film The Wolf of Wall Street the narcissistic, egotistical and money hungry investment banker Jordan Belford memorably summed up his attitude to life: “Let me tell you something. There’s no nobility in poverty. I’ve been … Continue reading
Posted in Books, Community members posts
Tagged Chicago school, debt, economics, neoliberalism, work
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Corporate Governance — for the society and the environment
Our societies are all scarred by Milton Friedman’s creed that “the social responsibility of business is to increase its profits”; our economies are all wounded by corporations’ obsessive pursuit for short-term profit maximization; regrettably, we all pay the price of dodgy and excessive corporate … Continue reading
Posted in Papers
Tagged academia, corporate governance, corporations, law, neoliberalism, regulation
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Economic fortune telling: forecasting to profit
“The only function of economic forecasting is to make astrology look respectable”, famously remarked John Kenneth Galbraith. “Professional” fortune tellers and clairvoyant have accompanied mankind, receiving great respect, throughout the ages. Therefore, one can say, it was only a matter … Continue reading
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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Scots, Save the Finance Capitalism!
It is fascinating to observe how the knights of the Neoliberal Globalism: economists (mainstream, sort of critical towards mainstream and those who sought repentance such as Jeffrey Sachs), the business elite, the nowadays’ robber barons, and their couriers in the … Continue reading
Posted in Oleg Komlik
Tagged European Union, finance, nationalism, neoliberalism, Scotland, United Kingdom
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The Social and Political Evolution of the Chilean Clientelism
by Juan Rolando Monroy* The Chilean clientelism is rooted in the evolution of the country political system from 1831-1861. Clientelism was managed by a group of landowners, a conservative ruling class, which created an authoritarian system, without interferences of military caudillos. From … Continue reading
Posted in Community members posts
Tagged Chile, clientelism, education, labor, Latin America, monetarism, neoliberalism, Political economy, politics, Unions
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Age of Greed: The Triumph of Finance and the Decline of America
Age of Greed by Jeff Madrick is a fascinating and deeply disturbing tale of hypocrisy, corruption, and insatiable greed. But more than that, it’s a much-needed reminder of how we got into the 2007-8 crisis after the four-decade sweeping march of neoliberalism. … Continue reading
Posted in Books
Tagged Alan Greenspan, deregulation, economics, finance, Milton Friedman, neoliberalism, politics, Ronald Reagan, United States
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