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B&B: #Neoliberalism as creative destruction // #Surveillance #business // #History of #capitalism and counter-genealogy of #race // #Workplace is the hub of political power // #GDP is irrelevant https://economicsociology.org/2019/07/15/bb-neoliberalism-as-creative-destruction-surveillance-business-history-of-capitalism-and-counter-genealogy-of-race-workplace-is-the-hub-of-political-power-gdp-is-irrelevant/Is #Entrepreneurship dangerous to the Market Economy more than #Marxism? Yes, replies and explains one of the founders of #Ordoliberalism Franz Böhm: https://economicsociology.org/2019/07/11/are-entrepreneurs-dangerous-to-the-market-economy-more-than-marxists/Tags
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Recent Posts
- B&B: Neoliberalism as creative destruction // Surveillance business // History of capitalism and counter-genealogy of race // Workplace is the hub of political power // GDP is irrelevant
- Are Entrepreneurs Dangerous to the Market Economy more than Marxists?
- Great academic opportunities: 16 calls for papers, 3 postdocs, 3 doctoral fellowships, a research grant, a job
- German New Economic Sociology and the Max Planck Institute for the Study of Societies
- Erik Olin Wright has contributed to making utopias real
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Category Archives: Papers
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
Posted in Books, Papers
Tagged Brexit, Economic Sociology, neoliberalism, Political economy
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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
Posted in Books, Oleg Komlik, Papers
Tagged culture, commercialization, consumerism, feminism
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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
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
Posted in Papers
Tagged accounting, Economic Sociology, economics, Karl Polanyi, socialism
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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
Posted in Papers
Tagged academia, corporate governance, corporations, law, neoliberalism, regulation
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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
Posted in Papers
Tagged corporations, elites, European integration, European Union, Eurozone crisis, fiscal policy, interest groups, monetary policy, power
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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
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
Posted in Papers
Tagged corporate governance, ideas, law, neoliberalism, Political economy, shareholder value, varieties of capitalism
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Markets, policy and sociology of economic immorality
In a highly influential book Situating the Self: Gender, Community and Postmodernism in Contemporary Ethics, a distinguished philosopher Seyla Benhabib (Yale University) argued that: “Moral judgment is what we ‘always already’ exercise in virtue of being immersed in a network of human relationships … Continue reading
Posted in Books, Papers
Tagged Economic Sociology, financial crisis, markets, morality, policy
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Créditez-vous français? Credit as a relationship and a practice
I’m subscribed to “Gdr-economie-sociologie” – an academic mailing list of French and French-speaking economic sociologists and political economists. Receiving through this list announcements about new interesting and enlightening books and articles (in French), intellectually inviting conferences and seminars (conducted in French, … Continue reading
Posted in Papers
Tagged banking, banking system, credit, debt, Economic Sociology, France, household
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Financialization as a state project
Financialization is a key feature of neoliberalism. It refers to the capturing impact of financial markets, institutions, actors, instruments and logics on the real economy, labor, households and daily life. Essentially it has significant implications for the broader patterns and functioning of an … Continue reading
Posted in Papers
Tagged finance, financialization, neoliberalism, policy, Political economy, state, United Kingdom
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China’s Minsky moment? Stability leads to instability
Hyman Minsky (1919–1996) was a distinguished American scholar and prominent post-Keynesian economist. In the wake of the 2008-2009 crisis Minsky’s invaluable scientific contribution has widely spread, but soon he has unfortunately disappeared from public and economic discussions. While most of the mainstream economists are … Continue reading
Posted in Papers
Tagged banking system, capitalism, crisis, financial crisis, financial markets, financialization, Hyman Minsky, neoliberalism
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Fed with credit: financial “liberalization”, deregulation and the role of credit in Iceland’s collapse
Beginning in the 1990s, Iceland embarked on a major “liberalization” policy, privatizing its financial sector and reorganizing regulation. The resulting highly concentrated banking sector refocused on investment banking and international operations, while businesses, consumers and the finance industry itself borrowed … Continue reading
Posted in Papers
Tagged banking system, credit, financial crisis, financial liberalization, Iceland, neoliberalism, policy, regulation
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Get free from the dogmas of the apostles of austerity: Fifteen Fatal Fallacies of Financial Fundamentalism
Just three days before he passed away, a notable Columbia University professor of economics William Vickrey was awarded 1996 Nobel Prize in Economic Sciences for fundamental contribution to the economic theory of incentives under asymmetric information. Throughout his prolific career, Vickrey developed methods … Continue reading
Posted in Papers
Tagged austerity, market fundamentalism, debt, economics, fiscal sociology, inflation, neoliberalism, policy, unemployment
2 Comments
United for understanding the economy: Heterodox Economics, Economic Sociology and Political Economy
A multidisciplinary and interdisciplinary approach is the only approach which enables a more in-depth study of any social phenomena and structures, including the economy. The Economic Sociology and Political Economy community is deeply committed to this mission, and consistently and persistently spreads the word about … Continue reading
