Category Archives: BITS & BRIEFS

BITS & BRIEFS: Sharing, not “Sharing Economy” // Zelizer on Money // Social movements create unionization // Schumpeter’s “Economics of Socialism” syllabus // Deaths of Despair rise

This time, especially worth reading  – and sharing – articles: > Sharing, not “Sharing Economy”: For most of human history, there was no such thing as private property > “Money is not a social engine, but rather a malleable social product“, … Continue reading

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BITS & BRIEFS: Economics is the biggest problem // Gramsci’s hegemony and the Left // Neoliberalism and Higher Education // Incarceration and children’s achievement gap // Trading votes

> Reducing our relations to calculations of cost and benefit, disciplined by competition and mediated by the manifold devices of economics, we run the risk of losing our humanity — by Philip Roscoe > Stuart Hall on Gramsci’s ‘hegemony’ and ‘regressive modernisation’ of … Continue reading

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BITS & BRIEFS: Conspicuous consumption is over // Public Intellectuals vs. Thought Leaders // Killing neoliberalism // Frankfurt School // School vouchers’ effects

This time — especially worth reading (and sharing) articles: > Conspicuous Consumption is over; Cultural Capital replaced it as a signifier of socio-economic status — by Elizabeth Currid-Halkett > Public Intellectuals vs. “Thought Leaders”: the former challenge the oligarchy, the latter flatter … Continue reading

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BITS & BRIEFS: The Pro-market // From healthcare to a profit gear // Financialization against the Climate // History of constructing equality // Gentrification and neoliberalism

> How The Economist thinks: The journal always strives not to risk conclusions that may hurt the case for unregulated markets — by Nathan J. Robins > How during the 20th century health insurance initiatives shifted from protecting patients to an industry seeking profit … Continue reading

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BITS & BRIEFS: Polanyi’s critique // Inequality and climate change // Ha-Joon Chang on economics // Conservative distrust in expertise // Infrastructuring stability

> Karl Polanyi’s Great Transformation and its critique revive every time capitalism and mainstream economics fail. Steven Klein contends that Polanyi’s recent critique reveals the limits of current political and economic debates. > From the 1990s, elites aimed to get rid of the solidarity … Continue reading

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BITS & BRIEFS: Judith Stein // Philanthrocapitalism // Economic Sociology vs. Behavioral Economics // Talks on capitalism and democracy in media // Black proletariat

> RIP Judith Stein: a lifelong maverick scholar studying and teaching class, labor, elites, and race in the US history — by Nelson Lichtenstein > Philanthrocapitalism: there is no such thing as a free gift. Linsey McGoey on reinforcing the existing power … Continue reading

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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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