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Top Posts & Pages
- How Capitalism Survives: Social Theory and Structural Change
- Neoliberalism in the Global South: the shift in development strategies
- The Long Divorce Between the Economy and Financial Markets
- Albert Einstein on the power of ideas and imagination in science
- Great academic opportunities: 16 calls for papers, 6 postdocs, 4 jobs, 3 PhD fellowships, 2 visiting posts, a summer course
- If you think the economy is more important than the environment, try holding your breath while counting your money
- Erik Olin Wright has contributed to making utopias real
- Remember the Golden Rule! Whoever has the gold, makes the rules!
- Thatcherism's greatest achievement
- Adam Smith: "Consumption is the sole end and purpose of all production."
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ES/PE on Social Media
Category Archives: Papers
Finance under state capitalism: Re-conceptualising capital markets through China’s financial transformation
by Johannes Petry* When one thinks of China, burgeoning capital markets – the epitomisation of free market capitalism – are certainly not the first thing that spring to mind. By 1989, capital markets did not even exist in China. But … Continue reading
American Sociology’s Emergence and Separation from Political Economy
Rereading Philippe Steiner’s excellent, thorough and highly recommended Durkheim and the Birth of Economic Sociology (2011) — in which Steiner argues that there were two stages in Durkheim’s approach to the economy: a sociological critique of political economy and a sociology … Continue reading
Posted in Books, Papers
Tagged Economic Sociology, economics, Political economy, sociology, Sociology of economics, sociology of knowledge
3 Comments
How Did Corporations Spread CSR from the US to the Rest of the World?
by Rami Kaplan & Daniel Kinderman* Why do firms adopt Corporate Social Responsibility (CSR) practices? How does CSR spread across the globe? Our paper “The Business-Led Globalization of CSR” provides surprising answers to these most fundamental questions, based on the … Continue reading
The Great Transformation — 75 Years Later
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
Markets for Collective Concerns, Market Failures, and Policy-making
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
Posted in Community members posts, Papers
Tagged Economic Sociology, markets, policy, Political economy
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Capitalism: A Journal of History and Economics
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
Posted in Papers
Tagged capitalism, economics, finance, history, power, slavery, taxation
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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
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
Posted in Community members posts, Papers
Tagged Bundesbank, central banking, Fed, Germany, globalization, inflation, monetary policy, neoliberalism, power, United States
7 Comments
Democratizing Finance: Reducing Inequalities of Income, Wealth and Power
Politics & Society has just published a thought-provoking special issue titled “Democratizing Finance”. This very 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. … Continue reading
Posted in Papers
Tagged central banking, democracy, Erik Olin Wright, finance, inequality, money, power, wealth
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Political Economy: Origins, Meanings, Changes
“Political economy should be a human science.” … Continue reading
Posted in Papers
Tagged academia, economic history, Economic Sociology, economics, history of economic thought, Political economy
3 Comments
The Making of Homo Financius and Neoliberal Morality
“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
Posted in Papers
Tagged discourse, financial literacy, financialization, marketization, morality, neoliberalism, state
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Finance, Class, and the Birth of Neoclassical Economics: The Marginalist Revolution Revisited
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
Posted in Community members posts, Papers
Tagged Culture, economics, history of economic thought, ideas, sociology of knowledge, valuation
3 Comments
German New Economic Sociology and the Max Planck Institute for the Study of Societies
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
Posted in Papers
Tagged Economic Sociology, financialization, Germany, neoliberalism, Political economy
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Elite Men and Inequality in the Hedge Fund Industry
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
Posted in Community members posts, Papers
Tagged class, elite, finance, gender, inequality, race, social networks
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Central Banks, Technocratic Power, and the Fear of Democracy
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
Sociology Journals and Network Proprieties of the Matthew Effect
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
