Search Results for: money

BITS & BRIEFS: Ratings agencies still mislead // Consumer boycotts // Geoffrey Ingham on money // Inequality of sidewalks

Years after the crisis, ratings agencies still mislead and misrepresent – and escape accountability Do consumer boycotts work? It’s complicated. Moral campaigns and Civil Rights- professors Daniel Diermeier, Brayden King, Ivo Welch interviewed Whose money is it? Geoffrey Ingham on the public-private … Continue reading

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Baudrillard on money, speculation and the self-destabilization of markets

Jean Baudrillard: “There is something much more shattering than inflation, however, and that is the mass of floating money whirling about the Earth in an orbital rondo. Money is now the only genuine artificial satellite. A pure artifact, it enjoys … Continue reading

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Listen to the Athenian Solon: “Our virtue sticks with us and makes us strong, but money changes owners all day long”

Solon (c. 638 – c. 558 BC) was an Athenian statesman, lawmaker and poet, particularly known for ending exclusive aristocratic control of the government and his efforts to legislate against political, economic, and moral decline in archaic Athens, whose elite was obsessed with wealth, power, and prestige. His first … Continue reading

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Thomas Piketty: “Take a serious interest in money… Those who have a lot of it never fail to defend their interests.”

These are Thomas Piketty’s  last words in his ground-shaking Capital in the Twenty-First Century. The Economic Sociology and Political Economy global community proudly realizes their prescriptive meaning: “All social scientists, all journalists and commentators, all activists in the unions and in politics of … Continue reading

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Money is a mode of governance in a material world of capitalism

Money travels the modern world in disguise. It looks like a convention of human exchange – a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution … Continue reading

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What is money? Can we grasp the current state of the economy as a crisis of money itself?

The latest crisis has incited substantial conversation about debt, banking, financialization, and the commodification of everyday life. All these issues are inherently related to money. But what exactly is money?  Where does it come from? Who does make our money … Continue reading

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The history of money and its “divine” metamorphosis in the 20th century

A noted cultural anthropologist Professor Jack Weatherford observed in his fascinating The History of Money: “In the 20th century, we saw money turn rapidly from paper into plastic and then into mere electronic blips generated in computers, transferred over telephone … Continue reading

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Inequality is not just about money. Inequality is literally a killing field.

Inequality is a socio-cultural order which reduces our capabilities to function as human beings, our health, our dignity, our sense of self, as well as our resources to act and participate in the world— argues Göran Therborn (University of Cambridge) … Continue reading

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If you think the economy is more important than the environment, try holding your breath while counting your money

“If you think the economy is more important than the environment, try holding your breath while counting your money.” — Guy McPherson, School of Natural Resources, University of Arizona. This sharp quote is from his blog post “Time for a revolution”, … Continue reading

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Constructing Markets for Credit Cards in Postcommunist Countries and demolishing myths about markets, money and globalization

In countries without a history of economic stability, how can banks decide who should be given a credit card? How do markets convince people to use cards, make their transactions visible to authorities, assume the potential risk of fraud, and … Continue reading

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The Bank of England’s “‪‎Money‬ Creation in the Modern ‪‎Economy‬” erodes the mainstream ‪economics‬ and ‪‎finance‬ theory

Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits. … Continue reading

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What ‪Money‬ Wants: An ‪Economy‬ of Desire

What in everyday life is an obvious truth, namely, that in some sense or another, people want money— is basically unthinkable in economic terms. Herein lies the starting point for the main argument of What ‪Money‬ Wants: An ‪Economy‬ of … Continue reading

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Art and Money. Artists no longer simply create art, they make markets

Conventional boundaries within the art world have collapsed, and artists now think  strategically about how to advance their careers. In Art of the Deal: Contemporary Art in a Global Financial Market Noah Horowitz thoroughly exposes the inner workings of the … Continue reading

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The Ascent of Money: A Financial History of The World

“The Ascent of Money: A Financial History of the World” is Harvard professor Niall Ferguson’s an (4 hours) television documentary, based on his famous book. Ferguson follows the money to tell the human story behind the evolution of finance, from … Continue reading

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Race, Class and Identity Politics

by Kaveh Yazdani* Of late, numerous liberal, right-wing and even some leftist journalists, academics and politicians have readily embraced the prism of “leftist identity politics”. More often than not, they have done so under the cloak of liberal universalism by … Continue reading

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