Category Archives: BITS & BRIEFS

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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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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