Category Archives: Papers

The Washington Consensus: Sociology of Economics and History of Ideas

In 1989, John Williamson, a fellow at the Institute for International Economics in Washington, DC which previously advised the World Bank and the International Monetary Fund, presented a background paper to a conference aimed to explore how extensive were the policy reforms that were then … Continue reading

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How 19th century finance and housing associations shaped 20th century housing regimes in Germany and the United States

Why has Germany become a country of tenants with a housing policy directed at private and public rental construction? On the other hand, why has the United States turned into a homeownership country? In an interesting article, Sebastian Kohl (University … Continue reading

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The Political Economy and Economic Sociology of Brexit

In the beginning, it is said, was Brexit. “Brexit is a revolution”, it is said from the right and by the left. Revolution, though, is a Janus-faced concept that “evokes dialectically linked oppositions: light and darkness; rupture and continuity; liberation and oppression; … Continue reading

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Christmas and conspicuous consumption: “People want something that shows money”

The commercialization of Christmas in the light of — and in the wake of — industrial capitalism in the UK and US during the 19th century– is a very interesting subject matter. (At the end of this post I added two links to … Continue reading

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Economics is an Imperial Science

George Stigler, a founding member of Mont Pelerin Society and a key preacher of neoliberal economics,  on what he proudly calls “economist-missionaries” (1984: 304) : “So economics is an imperial science: it has been aggressive in addressing central problems in a considerable number … Continue reading

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The early Karl Polanyi: Interpreting “Socialist Accounting”

We are all Polanyians now. Karl Polanyi is probably one of the most famous theorists among social scientists today. It is almost impossible not to come across Polanyi’s citations and references in a very wide range of researches over the last … Continue reading

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Corporate Governance — for the society and the environment

Our societies are all scarred by Milton Friedman’s creed that “the social responsibility of business is to increase its profits”; our economies are all wounded by corporations’ obsessive pursuit for short-term profit maximization; regrettably, we all pay the price of dodgy and excessive corporate … Continue reading

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The European corporate elite on trial: the foundation of the Eurozone and the navigation of its crisis

“Europe’s industrial bosses oscillate between fear, anger and disbelief…. Company bosses long to yell “You’re fired!” at any number of European politicians… But a majority of Europe’s businesspeople definitely wants politicians to do more to hold the euro zone together.” (The … Continue reading

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Why is there no labor party in the United States? Look at Canada to find out

In 1906, a German distinguished (somewhat neglected) economist and sociologist Werner Sombart published Why is there no Socialism in the United States? – a book which will become a famous work on American exceptionalism to this day (along with a pioneering and penetrative  Democracy in America, by Alexis de … Continue reading

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Neoliberalism and the political economy of corporate governance

Major corporate frauds and scandals since the early 2000s (e.g. WorldcCom, Enron, Arthur Andersen, Bear Stearns, Lehman Brothers) and the 2008 financial crisis have not just exposed the inherent destructiveness of the neoliberal economy and economics, but also turned the crucially important spotlight towards … Continue reading

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