Category Archives: BITS & BRIEFS

B&B: Laissez-faire & monetary technophilia // Psychoanalysis as a capitalist drug // Sociology and economics // Hobsbawm on May Day // Big Tech uses the Covid-19 crisis // Artists’ strikes

> “As ugly as the public provision of money can sometimes be, its digital privatization is all too likely to be vastly worse” — Frank Pasquale reviews three recent books examining the laissez-faire ideology of monetary technophilia: David Golumbia’s The … Continue reading

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B&B: Piketty – Covid-19 is an opportunity // Gendered lens on Covid-19 // Economic histories of pandemics // Pharma and the shareholder value // Network, not skills // Nature’s economics

> “Inequality is neither random nor unfortunate; it is structurally engineered, legally enforced, and politically and ideologically driven.” Gendered impacts of COVID-19 on work and workers — by Joanne Conaghan > What were pandemics’ effect on markets, prices and wages … Continue reading

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B&B: Economists’ blindness to racism // We are all fast-food workers // For abolition of work // Arms purchase // Tests for profit // The financialized imagination // Gendered economics

This time, especially worth reading and sharing pieces: > Racism is a system that manifests in norms, institutions, and policies. Economists who want to challenge it must abandon neoclassical assumptions and recognize the role of history, power, and institutions in … Continue reading

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The Probable Implications of the Coronavirus Crisis — Bruno Latour, James Galbraith, Mike Davis

> Bruno Latour: “The [COVID-19] health crisis prepares, induces, incites us to prepare for climate change… What allows the two crises to occur in succession is the sudden and painful realization that the classical definition of society – humans among … Continue reading

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The Probable Implications of the Coronavirus Crisis — Mariana Mazzucato, Eva Illouz, Alain Badiou

> Mariana Mazzucato: “Capitalism is facing at least three major crises. A pandemic-induced health crisis has rapidly ignited an economic crisis with yet unknown consequences for financial stability, and all of this is playing out against the backdrop of a … Continue reading

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The Probable Implications of the Coronavirus Crisis — Costas Lapavitsas, Katharina Pistor, David Runciman

> Costas Lapavitsas: “This Crisis has exposed the absurdities of Neoliberalism. That doesn’t mean it’ll destroy it… The nation-state has always been at the heart of neoliberal capitalism, guaranteeing the class rule of the dominant corporate and financial bloc through … Continue reading

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The Probable Implications of the Coronavirus Crisis — David Harvey, William Davies, Ivan Krastev

> David Harvey: “Forty years of neoliberalism… had left the public totally exposed and ill-prepared to face a public health crisis of this sort… In many parts of the supposed “civilized” world, local governments and state authorities, which invariably form … Continue reading

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The Probable Implications of the Coronavirus Crisis — Adam Tooze, Judith Butler, Radhika Desai

> Radhika Desai: “The present pandemic is certain to be different not because it is more lethal than previous ones (it is not), nor because it is causing havoc in financial markets (as most crises of neoliberal era have), but … Continue reading

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The Probable Implications of the Coronavirus Crisis — Slavoj Zizek, Branko Milanovic, David Grossman

> Branko Milanovic: “In the current crisis, people who have not become fully specialized enjoy an advantage… Everything that used to be an advantage in a heavily specialized economy now becomes a disadvantage, and the reverse.”[…] “The human toll of … Continue reading

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B&B: Hannah Arendt // Research for profit // Neoliberalism and family values // Lessons of 1968 // Sociology of consumption // Index funds and inequality // Alienation and work

This time, especially worth reading and sharing pieces: > Hannah Arendt: “Revolutions always appear to succeed with amazing ease in their initial stages, and the reason is that those who supposedly “make” revolutions do not “seize power” but rather pick … Continue reading

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B&B: Amartya Sen // Tulipmania // Sadie Alexander // Surveillance and Authoritarianism // The Mafia and weak state // New Working Class // ‘Smart’ city serves business

This time, especially worth reading and sharing articles: > There are two types of critiques of capitalism – moral and material. Amartya Sen combines the two effectively, demonstrating that the separation of our moral lives from our material concerns are … Continue reading

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B&B: Not The Nobel Prize winner // Malls and escapism // Capital and corporation // Keynesianism // Slavery and US universities // Middle class // Sex, lies and financial crises

> Congratulations to Mariana Mazzucato for winning the Promoting Economic Pluralism’s Not The Nobel Prize “for reimagining the role of the state and value in economics”. Influenced by Joseph Schumpeter and Karl Polanyi, Professor Mazzucato (University College London) is an author of widely discussed – publicly and … Continue reading

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B&B: Best books in political economy // Raising elite // Missing from economics: women // Philanthropy’s interests // Living now in the pre-industrial age // Black businesses and the Civil Rights Movement

This time, especially worth reading and sharing articles: > Mark Blyth chooses and discusses the best 5 books on how Political Economy works >> The Passions and the Interests by Albert Hirschman, Social Origins of Dictatorship and Democracy by Barrington Moore, The Great … Continue reading

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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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