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A fresh #NobelPrize winner Paul Romer: "For more than three decades, #macroeconomics has gone backwards", "Mathiness lets [economics’] academic politics masquerade as science". Read and share Romer's astute reflections on the state of #economics profession. https://economicsociology.org/2018/10/08/nobel-winner-paul-romer-economists-use-math-to-mislead/James March, a distinguished social scientist and great master of #management studies, organisational and institutional #theory, has passed away. But only a few know that beside his tremendous academic career, March was also an accomplished poet. Poetry, he wrote, "is an exploration of ambivalence and paradox, of the possibility of feeling simultaneous sentiments that seem contradictory, of living in multiple worlds and experiencing multiple feelings, and of recognizing the role of ugliness in the creation of beauty.” R.I.P. https://economicsociology.org/2018/09/28/r-i-p-james-march-success/ #sociology #socialscience #strategyTags
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Tag Archives: austerity
Did Neoliberalism and Austerity Cause Brexit? Yes.
While the Brexit process is underway and UK politicians are tearing themselves apart over this overwhelmingly and multidimensionally complicated issue, an economics professor from Warwick University Thiemo Fetzer provides ample and comprehensive evidence that the austerity-induced withdrawal of the welfare state brought about by the Conservative-led … Continue reading
Posted in Papers
Tagged austerity, Economic Sociology, neoliberalism, policy, Political economy, politics, United Kingdom, welfare
1 Comment
The debt crisis and austerity in the Eurozone: social and political impacts
During the past six years, the countries of the European periphery – Portugal, Ireland, Italy, Greece and Spain – have been experiencing severe economic-financial crises. In the shadow of these drastic events, the EU institutions and the IMF initiated “bailout programs” for … Continue reading
Posted in Books
Tagged austerity, banking system, debt, European Union, Eurozone crisis, financial crisis, Greece, monetary policy, policy, Political economy, politics, Spain, welfare
4 Comments
Ethnographies of austerity
Austerity is not about numbers, economic data or amorphous macro-scale policies; Austerity is about people. Middle and working-class people, they are the ones who bear the brunt of oppressive neoliberalism and carry the depressing burdens of austerity in their everyday life: increasing unemployment, … Continue reading
Posted in Books
Tagged austerity, culture, class, debt, ethnography, globalization, neoliberalism, policy, state
2 Comments
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
The “responsible”, the “irresponsible” and the Political Economy of the Sovereign Debt Crisis
There are “irresponsible” countries (Greece, Ireland, Italy, Portugal and Spain) which caused the current crisis; and there are “responsible” governments (Germany), which for some reason are asked to repay others’ debts and have the right to refuse to bail “irresponsibles” out and to insist the … Continue reading
Posted in Papers
Tagged austerity, debt, democracy, devaluation, European Union, Germany, Greece, policy, politics, state
2 Comments
Liberté, Égalité, Fraternité — OUT; Austérité, Précarité, Compétitivité — IN
President Hollande ordered to form new government after crisis triggered by ministers calling for end to austerity policies. Liberté, Égalité, Fraternité — OUT Austérité, Précarité, Compétitivité — IN Take a look at this interesting analysis by Arthur Goldhammer of the … Continue reading
Austerity Politics and Policy in the EU and the Eurozone crisis
One of the key aims of “The Politics of Austerity and Public Policy Reform in the EU”, Political Studies Review symposium is to reconsider the theoretical tools available for understanding political and policy responses to the Eurozone crisis. Current EU developments and … Continue reading
Posted in Papers
Tagged austerity, European Union, global political economy, Greece, policy, politics, Spain
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“Politics in the Age of Austerity” analyzes the dilemmas governments face as they seek to reconcile the conflicting demands of voters and ‘the markets’
This insightful volume, edited by Wolfgang Streeck and Armin Schafer, is an important contribution to the contemporary literature on the political economy of the advanced capitalist countries. In a world of increasing austerity measures, democratic politics comes under pressure. With … Continue reading
The Greek crisis is not just about Greece. “Greece, Financialization and the EU: The Political Economy of Debt and Destruction” opens a new point of view on the global and the European crisis
When the global financial crisis spread to Europe and its weak periphery through the banking sector, few contemplated that the real causes of the crisis did not reside only in the faulty architectures of globalisation and European integration but also … Continue reading
Posted in Books
Tagged austerity, debt, European Union, financial crisis, financialization, globalization, Greece, neoliberalism
1 Comment
Austerity: we are not all in it together
By Michael Kitson, Ron Martin, and Peter Tyler Europe has a Greek tragedy; the US is grappling with a Tea Party; and in the UK we have the economic consequences of austerity. The focus is budget deficits, public expenditure cuts … Continue reading
Posted in Papers
Tagged austerity, financial crisis, Greece, neoliberalism, policy, social policy
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