Category Archives: BITS & BRIEFS

BITS & BRIEFS: Piketty and fellow economists // Why poverty clusters in city’s east // Tax Policy created the 1% // Civil rights and unionism // Consumption, debt, and personal well-being

>  Why Are Economists Giving Piketty the Cold Shoulder? Piketty questioned the very value of having a credentialed economics elite empowered to make policy in the name of the public interest but not answerable to public opinion — by Marshall Steinbaum > In … Continue reading

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BITS & BRIEFS: NY Fiscal Crisis and austerity politics // Capitalism v. Nature // Employer is more powerful than a state // On derivatives with Randy Martin // Currency without Central Bank

This time — especially worth reading (and sharing) articles: > How bankers and technocrats used the 1975 New York Fiscal Crisis to permanently reshape the city: the early and exemplary case of imposing neoliberal austerity — an interview with Kim Phillips-Fein, an author … Continue reading

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BITS & BRIEFS: In praise of cash // Mechanical Turn in economics // Financialization of Higher Education // Economics of racial violence // Decline in manufacturing shapes family structure

> Cashless society is the bank-controlled society. Cash money is a great public good, important for rich and poor alike — asserts Brett Scott > The Mechanical Turn in economics and its consequences. Instead of exploring the inner structure of interest, community … Continue reading

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BITS & BRIEFS: Economics and nature //  Fair taxation // Land-backed currency // Post-growth economy // Life and death in India

> Ditch the belief that economics is about mechanical rules; Work with, not against, nature’s resources — by Prof. Kate Raworth > Neither inequality nor suffrage nor globalization influenced tax rates; But perceptions about what is a fair tax system — argues Prof. Julia Ott  … Continue reading

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BITS & BRIEFS: Habermas, capitalism and democracy // British class system // Neoliberalism and Digital Humanities // Food Industrial Complex // Promoting knowledge or special interests

> Jürgen Habermas: the great thinker in the nexus between capitalism and democracy — a great review essay by William E. Scheuerman of a great book by Stefan Müller-Doohm  > The British class system is becoming more polarized between a prosperous elite and a poor precariat, shows … Continue reading

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BITS & BRIEFS: Pressures of employability // Debt in academic life // Homo Economicus is a man // Funding religion // Racial inequality

Five thought-provoking  and interesting reads: > Employability is a tragic path of self-policing and the constant questioning of personal achievements, while “free-time” has become a mere continuation of the forms of profit-oriented social life — asserts David Frayne  > Why would a tenure-track … Continue reading

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BITS & BRIEFS: In defense of hierarchy // Piketty’s new findings // Turning point in think tanks’ history // When corporations led to equality // Marginalization of racial (in)justice

This time — especially worth reading (and sharing) articles: > In defense of hierarchy: nowadays society has forgotten the benefits of hierarchy, expertise and excellence — by Prof. Stephen C. Angle  > The very latest and striking findings from Piketty, Saez & … Continue reading

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BITS & BRIEFS: Labor in the Global Economy // Invention of consumers // Money costs more for poor // Business of travel and immigration // Slavery fueled capitalism

Seemingly different, but actually quite related five interesting reads: > How technological change, globalization and taxation shrank the share of labor income and empowered capital during the last three decades – by Prof. Kimberly Clausing > Money costs more when you … Continue reading

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BITS & BRIEFS: Policies and perceived job security // Rubinstein, Rodrik and sociology of economics // Keynes’ oddest work // What have we learned after the crisis?

Unemployment assistance or dismissal protection? How do policies shape workers’ perceptions of job security? Interesting findings from 23 countries by Lena Hipp Ariel Rubinstein elegantly reviews Dani Rodrik’s superb book Economics Rules, adding his own insights on sociology of economics profession, … Continue reading

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BITS & BRIEFS: Globalization Revisited // Vulnerability of finance as economic pathology // Engels rebuts Malthus // Varieties of currency

“Globalization Revisited” is the theme of the new Economic Sociology European Newsletter, edited by Sascha Münnich  The structural vulnerability of financial systems is a distinct form of economic pathology – by Onur Ozgöde “Here we have the immorality of the economist … Continue reading

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