Category Archives: Papers

The Great Transformation — 75 Years Later

Posted on February 28, 2020 by

Karl Polanyi’s masterpiece The Great Transformation was written during the Second World War and published in 1944, but the relevance and importance of this preeminent book has continued to grow. 75 year later, The Great Transformation — an admirable treatise … Continue reading →

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Markets for Collective Concerns, Market Failures, and Policy-making

Posted on February 11, 2020 by

by Christian Frankel, José Ossandón and Trine Pallesen* As Foucault (2008) pointed out 40 years ago, the economic thinking of the Ordoliberals in Germany, the Chicago School in the United States, and Austrian economists such as Hayek, represented an important … Continue reading →

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Capitalism: A Journal of History and Economics

Posted on January 3, 2020 by

As we are living in the present when tragedy and farce mix and make the past look oracular, a new history of Capitalism must be introduced for the sake of the future. The new year brought with it a much-needed … Continue reading →

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Is the United States the Champion of Global Finance or its Victim? A New Look at the Fed’s Low-inflation Policy

Posted on November 22, 2019 by

By Arie Krampf* My article “Monetary Power Reconsidered: The Struggle between the Bundesbank and the Fed over Monetary Leadership”, recently published in International Studies Quarterly, contributes to the burgeoning literature that challenges the US-hegemony hypothesis in the global financial sub-order. It … Continue reading →

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Democratizing Finance: Reducing Inequalities of Income, Wealth and Power

Posted on November 13, 2019 by

Politics & Society has just published a thought-provoking special issue titled “Democratizing Finance”. This interesting collection of papers resulted from a workshop organized in July 2018 by the late Erik Olin Wright as part of his inspiring Real Utopias Project. This … Continue reading →

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Political Economy: Origins, Meanings, Changes

Posted on September 14, 2019 by

“Political economy should be a human science.”                                                                    … Continue reading →

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The Making of Homo Financius and Neoliberal Morality

Posted on August 11, 2019 by

“There is [a] set of qualities ascribed to the actions and conduct of mankind, distinct from their propriety or impropriety, their decency or ungracefulness, and which are the objects of a distinct species of approbation and disapprobation. These are Merit … Continue reading →

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Finance, Class, and the Birth of Neoclassical Economics: The Marginalist Revolution Revisited

Posted on July 28, 2019 by

by Yair Kaldor* In economic textbooks, the concept of “value” is regarded as nothing more than the prevailing market price. This definition might seem self-evident, but it stands in sharp contrast to the classical theories of Adam Smith and David … Continue reading →

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German New Economic Sociology and the Max Planck Institute for the Study of Societies

Posted on March 1, 2019 by

The new much-anticipated discussion paper by John Wilkinson (Federal Rural University of Rio de Janeiro) provides a thoughtful and comprehensive survey of German new economic sociology with a special focus on the contributions of the Max Planck Institute for the Study … Continue reading →

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Elite Men and Inequality in the Hedge Fund Industry

Posted on November 9, 2018 by

by Megan Tobias Neely* “I’m sorry, but so and so’s brother needed to get hired. Shit happens,” Karen recounted, with resignation, a time her boss denied her a promotion. Karen is a white woman who works at a hedge fund, a … Continue reading →

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Central Banks, Technocratic Power, and the Fear of Democracy

Posted on September 12, 2018 by

Jacqueline Best has an interesting new article that starts with catchy and provocative analogy and then presents thought-provoking discussion and arguments: “What do border guards and central bankers have in common? Both operate, on a day-to-day basis, in political spaces exempt … Continue reading →

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Sociology Journals and Network Proprieties of the Matthew Effect

Posted on August 21, 2018 by

by Luca Carbone* Science is a political field. As Bourdieu peremptorily said “the scientific field is the locus of a competitive struggle, in which the specific issue at stake is the monopoly of scientific authority” (1975: 19). Shifting a little the … Continue reading →

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Did Neoliberalism and Austerity Cause Brexit? Yes.

Posted on August 14, 2018 by

While the Brexit process is underway and UK politicians are tearing themselves apart over this overwhelmingly and multidimensionally complicated  issue, an economics professor from Warwick University Thiemo Fetzer provides ample and comprehensive evidence that the austerity-induced withdrawal of the welfare state brought about by the Conservative-led … Continue reading →

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The Sociology of Quantification: Seeing like Numbers

Posted on July 29, 2018 by

Elizabeth Popp Berman and Dan Hirschman have recently published in Contemporary Sociology a worth reading review essay called “The Sociology of Quantification: Where Are We Now?” In this article, which is definitely more than a ‘regular’ review, they do not … Continue reading →

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Robert Solow’s sarcastic economics

Posted on July 14, 2018 by

Robert Solow, one of the most honored and influential economist of the second half of the 20th century, has been involved throughout his career in a series of polemics with several neoliberal (and other) economists in academia and government. Along with substantial assertions and explanations, … Continue reading →

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