Category Archives: BITS & BRIEFS

B&B: Sins of economics // Appropriating the planet // Living in precarity // You are financier // Historians and economists // Labor and serendipity // Neoliberalism uses imperialism

This time, especially worth reading and sharing articles: > The Seven Sins of Economics: 1) Alice in the wonderland of assumptions, 2) Abuse of modelling, 3) Intellectual capture, 4) The science obsession, 5) The textbook and Econ 101, 6) Ignoring … Continue reading

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B&B: Neoliberalism as creative destruction // Surveillance business // History of capitalism and counter-genealogy of race // Workplace is the hub of political power // GDP is irrelevant

This time, especially worth reading  and sharing articles: > Neoliberal capitalism is a “form of creative destruction. For everyone whose life was being regenerated or rejuvenated… there was someone, as well, whose life was being destroyed”, asserts Akash Kapur in … Continue reading

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B&B: Tech companies love dogs not unions // How US conservative elite persists // Male-dominated central banks // India’s demonetisation // The making of Tourist Capitalism

> Tech companies have promoted their self-image as the antithesis of old “evil” corporations by opening their offices to dogs, but not to unions — by Jonny Bunning > “Big Money Rules” – Diane Ravitch reviews three must-read books on … Continue reading

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B&B: Herbert Marcuse // The Adjunct Crisis // Against Capitalist Orthodoxy // Gender and finance // History of taxing the rich // (Im)mobility in the rural America // Inventing Thanksgiving

This time, especially worth reading  and sharing articles: > Herbert Marcuse on how the Frankfurt School reevaluated Marxism following the failure of crises to destroy capitalism, the philosophical roots of the student rebellions of the 1960s, and more — in … Continue reading

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B&B: Gendered economics // Social drinking // Competition amok // Neoliberal beliefs vs. neoliberal reality // Do protests work? // Business’ counter-mobilization // Pro-poor market

This time, especially worth reading  and sharing articles: > Women economists are forced to conform to research interests and publishing habits of male economists. Gender discrimination in economics has various facets — by Giulia Zacchia > Social drinking: How one hundred years … Continue reading

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B&B: Populism // Rostow’s economics and Vietnam War // Informal economy grows // Universities’ privatization failures // Deficit hawks deceive you // Inequality // One-sided economists

> What is Populism? Its defining feature is not anti-elitism but anti-pluralism; it’s based on a fiction but it is not fictional politics — by Jan-Werner Müller > A standard format of budget reporting is deceptive, but it works for the deficit … Continue reading

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B&B: Economics Nobel fools you // Moral limits, market, and science // Standardization of consumption // Capitalism cannot reform itself // Racial wealth gap // On the origin of cooperation

> Glorifying economists, Nobel Prize aims to create the impression that economics is about discovering timeless truths. Don’t let them fool you — urges Joris Luyendijk > Religious traditions toward capitalism impact scientists’ attitudes toward the commercialization of science — by Jared L. Peifer … Continue reading

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B&B: Geographies of tax evasion // Artifices of the Chicago School // Socialism in the US // Profit and Gift in the Digital Economy // German corporate entrepreneurs // Mortgage fraud

> What do we know about the geographies of tax evasion and tax havens? The essence and details – by Manuel B. Aalbers > The artifices of the Chicago School of economics, the limits of  neoliberalism,  and moving beyond the laws of the market … Continue reading

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B&B: RIP Lynn Stout // Inequality endures // Politics and consumer behavior // Skidelsky on Keynes // Women and Wall Street // Congratulations to Patrick Le Galès

> R.I.P Lynn Stout, an internationally recognized scholar, prolific writer, passionate speaker, devoted teacher. Her path-breaking and highly compelling book The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public (2012) became an influential intellectual alert. In … Continue reading

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B&B: Thomas Piketty on Tony Atkinson // Cultural birth of Austrian Economics // Slavery made capitalism // Cold War fueled Free Market // Gendering of money // Topology of finance

This time, especially worth reading  and sharing articles: > Thomas Piketty reflects on Tony Atkinson’s remarkable intellectual journey, his path-breaking works, and his last book Inequality: What Can Be Done? > How 1920-30s Viennese politics and culture shaped Austrian Economics and … Continue reading

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B&B: Finance drains firms // The Adjunct Crisis // Sociology of cashless society // Risk officers increase risks // The myth of the empowered consumer // Credit, Neoliberalism, and post-Apartheid South Africa

This time, especially worth reading  and sharing articles: > “Finance is no longer a tool for getting money into productive businesses, but getting money out of them” — by J.W. Mason > Corporatization, marketization, and adjunctification of the university end up producing the … Continue reading

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BITS & BRIEFS: How multinationals avoid taxes // Finance needs households // Discourse on privilege benefits elites // Gender stereotypes in economics // Shell-based currency // Shopping and Enclave Urbanism

This time, especially worth reading  – and sharing – articles: > How Apple and other multinationals avoid taxes and accountability: A network study of offshore finance — by Jan Fichtner > Financial capitalism remains deeply dependent on households, even as it obscures … Continue reading

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BITS & BRIEFS: Fed boosted inequality // Fascism promised welfare // Super-citizens shape policy // Financial ‘self-help’ // Grade inflation in marketized university // India’s economic history

> Gerald Epstein on how the Federal Reserve’s quantitative easing helped the banks and increased inequality (video) > The appeal of Fascism lays in a promise to protect people in times of excessive and unrestrained Capitalism — by Sheri Berman > Super-citizens: how the … Continue reading

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BITS & BRIEFS: How the Great Regression began // Leisure for the sake of capitalism // Inequality Paradigm // Evictions never end // Precarity and fast food // State-regulated prostitution

> Wolfgang Streeck: “Neoliberalism arrived with globalization or else globalization arrived with neoliberalism; that is how the Great Regression began… Whoever puts a society under economic or moral pressure to the point of dissolution reaps resistance from its traditionalists.” > The rhetoric … Continue reading

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BITS & BRIEFS: Jens Beckert // Humanities and finance // Globalization as an idea // Black Neoliberalism // Bridging Comparative Political Economy and Economic Sociology

> Congratulations to Jens Beckert on being awarded Germany’s highest scientific award Gottfried Wilhelm Leibniz Prize (€2.5 million in research funds) for his work in reinvigorating the social sciences with an interdisciplinary perspective, especially in the intersection of sociology and economics. … Continue reading

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