Category Archives: Oleg Komlik

What is Economics? Read Keynes’ definition

In July 1938,¬†an English economist Roy Harrod sent John Maynard Keynes his lecture “Scope and Method of Economics” which he intended to deliver as a Presidential Address at one of the sections of the British Association. In his reply, after … Continue reading

Posted in Oleg Komlik, Papers | Tagged , | 2 Comments

Socially Liberal but Fiscally Conservative

ūü§Ē *** Join¬†Economic Sociology and Political Economy community¬†via Facebook¬†/¬†Twitter¬†/¬†LinkedIn¬†/¬†Google+¬†/¬†Instagram¬†/¬†Tumblr¬†/¬†Reddit¬†/¬†Telegram  

Posted in Oleg Komlik, Theory in Pictures | Leave a comment

Thatcherism’s greatest achievement

In 2002, twelve years after Margaret Thatcher left office, she was asked at a dinner what was¬† her¬† greatest¬† achievement.¬† Thatcher¬† replied:¬†¬†“Tony¬† Blair¬† and¬† New¬† Labour.¬† We forced our opponents to change their minds.”¬† (Conor Burns, April 11, 2008) *** … Continue reading

Posted in Oleg Komlik | Tagged , , | 1 Comment

Stephen Hawking: Technology drives ever-increasing inequality

On 6 October 2015, a great theoretical physicist Stephen Hawking conducted a special Reddit ‚ÄúAsk Me Anything‚ÄĚ session. Out of the thousands of submitted issues, Hawking selected those he wished to reply, mainly¬†discussing aspects of artificial intelligence. In conclusion, Hawking … Continue reading

Posted in Oleg Komlik | Tagged , , | 2 Comments

On the wandering and exilic being of knowledge seeker

An¬†eminent¬†Saxon scholastic theologian Hugh of Saint-Victor (1096 – 1141) noted in¬†his monumental¬†encyclopedic treatise¬†Didascalion: “All the world is a foreign soil to those who philosophize… It is, therefore, a great source of virtue for the practiced mind¬†to learn, bit by bit, … Continue reading

Posted in Oleg Komlik | Tagged , | Leave a comment

Joseph Schumpeter: Social structures are coins that do not readily melt

Economic sociologists an political economists will surely discern the¬†grace and insight in the following Joseph Schumpeter’s quote (from his¬†magnum opus Capitalism, Socialism and Democracy), which¬†beautifully describes the essence of institutions, their socio-historical embeddedness, as well as their¬†persistence in front of … Continue reading

Posted in Books, Oleg Komlik | Tagged , , , | 2 Comments

Top 10 Most-read Economic Sociology and Political Economy Posts of 2017

As 2017 (already) comes to an end, I rounded up¬†the top 10 most-read posts of¬†the year on¬†Economic Sociology and Political Economy community blog.¬†Besides¬†being interesting, enlightening and thought-provoking, it turned out that these posts reflect¬†to a large extent the complex realities … Continue reading

Posted in Oleg Komlik | Tagged | Leave a comment

World Inequality Report 2018: Great Data, Bright Analysis, Perturbing Reality

The¬†World Inequality Lab led by Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Facundo Alvaredo and Lucas Chancel released today the first of its kind¬†World Inequality Report 2018.¬†The Report aims to become the comprehensive reference report on income and wealth inequality around … Continue reading

Posted in Books, Oleg Komlik | Tagged , , , , , | 6 Comments

Paul Samuelson: Chicago is not so much a place as a state of mind

In 1954 a future Nobel laureate in economic sciences Paul Samuelson published one of his seminal articles “The Pure Theory of Public Expenditure”, which formalized the concept of public goods (which he called “collective consumption goods”) — i.e. goods that … Continue reading

Posted in Oleg Komlik, Papers | Tagged , , | Leave a comment

Nietzsche on Danger in Wealth and Pretense

Friedrich Nietzsche:¬†“Danger in riches. — Only he who has spirit ought to have possessions: otherwise possessions are a public danger. For the possessor who does not¬†know how to make use of the free time which his possessions could purchase¬†him will … Continue reading

Posted in Books, Oleg Komlik | Tagged , , | Leave a comment