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In 1951 John Kenneth Galbraith wrote Milton Friedman to thank him for giving a lecture at #Harvard #economics department. This very short letter is not only a typical example for #Galbraith’s eloquence and sardonic phrasing, but underlines his ability to combine conceptual open-mindedness with a sincere standpoint of his own. Read, and more: https://economicsociology.org/2018/11/23/galbraith-vs-friedman-the-emancipation-of-belief-is-the-most-formidable-of-the-tasks-of-reform-the-one-on-which-all-else-depends/B&B: Tech companies love #dogs not unions // How US #conservative #elite persists // Male-dominated central banks // #India’s #demonetisation // The making of Tourist #Capitalism See the articles: https://economicsociology.org/2018/11/15/bb-tech-companies-love-dogs-not-unions-how-us-conservative-elite-persists-male-dominated-central-banks-indias-demonetisation-the-making-of-tourist-capitalism/Tags
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Recent Posts
- Great academic opportunities: 11 calls for papers, 4 jobs, 2 postdocs, visiting grant, PhD stipend, summer school
- Galbraith vs. Friedman — “The emancipation of belief is the most formidable of the tasks of reform, the one on which all else depends”
- B&B: Tech companies love dogs not unions // How US conservative elite persists // Male-dominated central banks // India’s demonetisation // The making of Tourist Capitalism
- Elite Men and Inequality in the Hedge Fund Industry
- Great academic opportunities: 10 calls for papers, 4 jobs, 3 postdoc and visiting positions, 2 PhD stipends
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Tag Archives: banking system
Princes of the Yen and the Japanese Shock Doctrine
“It is better for the Bank of Japan not to attract attention and remain as quit as the forest in a rural shrine.” – Hisato Ichimada, the 18th Governor of the Bank of Japan, 1946-1954 (Werner 2003: 70) “Thanks to this … Continue reading
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
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
2 Comments
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
4 Comments
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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The political origins of the banking regulation and the international cooperation at the Federal Reserve and the European Central Bank
Neither the U.S. Federal Reserve nor the European Central Bank was created as a banking supervisory institution. Each has evolved into its current role, yet for different reasons. In “The Foundations Of Regulatory Convergence And Divergence Between The Federal Reserve And … Continue reading
Posted in Papers
Tagged banking system, diffusion, divergence, European Union, global governance, regulation, United States
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Democracy matters: the extension of the franchise and its impact on financial systems
For centuries, voting rights were limited to wealthy elites, aristocrats, and landlords. For instance, the electorate in England and Wales in 1780 consisted of less than 3% of the total population. Suffrage reforms, enacted during the late 19th and the 20th … Continue reading
What is financialization? Marxism, Post-Keynesianism and Economic Sociology’s complementary theorizing
The economic crisis erupted in 2007-2008, commonly known around the world as the Global Financial Crisis and in the US as the Great Recession, highlighted – for those who deliberately or unintentionally have in recent years overlooked – the ascendancy of finance, a … Continue reading
Posted in Papers
Tagged banking system, capitalism, corporations, Economic Sociology, finance, financial crisis, financialization, households, Marxism, neoliberalism, Political economy, profit
2 Comments
“Banks and the False Dichotomy in the Comparative Political Economy of Finance” challenges the conventional understanding of bank-based financial system
The wide-ranging varieties of capitalism literature rests on a particular conception of banks and banking that, the authors argue, no longer reflects the reality of modern financial systems. Iain Hardie, David Howarth, Sylvia Maxfield and Amy Verdun take advantage of the greater … Continue reading
