Category Archives: Papers

Robert Solow’s sarcastic economics

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 economists in academia and government. Along with substantial assertions and explanations, Solow often … Continue reading

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Reading on Karl Marx’s 200th anniversary

There’s nothing like marking Karl Marx’s bicentenary reading these “Red” newspapers! 😉 And, read “Karl Marx@200: Debating Capitalism and Perspectives for the Future of Radical Theory“, an interesting Communication, Capitalism & Critique (open-access) special issue, featuring thought- and action-provoking articles by David … Continue reading

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Folk economics, economic sociology, and Trump’s campaign

“When did we beat Japan at anything? They send their cars over by the millions, and what do we do? When was the last time you saw a Chevrolet in Tokyo? It doesn’t exist, folks. They beat us all the … Continue reading

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Income Inequality is Detrimental to Political and Civil Equality

“Money provides power and power provides freedom”, asserted C. Wright Mills in his masterpiece The Power Elite sixty years ago (1956: 162). In shadow of recent several decades of globalization and neoliberalism, University of Utah researcher Wade Cole took Mills’ argument a step further and … Continue reading

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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

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The Goose and the Common — The Privatization of Public Space

“The [following 18th century folk] poem is one of the pithiest condemnations of the English enclosure movement, the process of fencing off common land and turning it into private property. In a few lines, the poem manages to criticize double standards, … Continue reading

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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

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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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