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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: capital
Capital as power and class struggle explained by… Adam Smith?!
In any given society, there is no freedom of contract between capitalist and worker, whose interests are essentially opposite. The power of a landlord, a manufacturer, a merchant resides in his wealth, explaining the inherent subjection of laborers, which lack almost any … Continue reading
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
International Political Economy scholars miss THE question of the 21st century: the rise of a global labor class living in poverty
In the recent years, more and more International Political Economy (IPE) scholars are dissatisfied with the current state of this field of research and desire to identify the ‘Big Questions’ of the 21st century. In this (open access) article, Benjamin … Continue reading
Posted in Papers
Tagged academia, capital, capitalism, class, development, global political economy, globalization, labor, Marxism, social sciences
1 Comment
The original email that started Occupy Wall Street
On September 17, 2011 thousands of women and men gathered in Zuccotti Park, located in New York City’s Wall Street financial district. It was a day when Occupy Wall Street (#OccupyWallStreet) movement was publicly born, gradually receiving global attention and spawning the … Continue reading
Posted in Books
Tagged capital, capitalism, crisis, democracy, inequality, neoliberalism, Occupy Wall Street, public sociology, social movements, United States
5 Comments
History of Profit in the US: Corporations, Accounting and Capital
The case of The United Steel Workers of America v. The United States Steel Corporation (1980) concerned the closing of two steel mills. The steelworkers claimed U.S. Steel had promised to keep the two mills open so long as they … Continue reading
Posted in Papers
Tagged accounting, capital, corporate governance, corporations, economic history, Economic Sociology, law, market evolution, profit, United States
1 Comment
18 focused interpretative digests of each chapter from Piketty’s “Capital in the 21st Century”
Read this impressive interpretative review of Thomas Piketty’s Capital in the Twenty-First Century – 18 focused posts devoted to each chapter from the book, carefully wrote by Adam David Morton (University of Sydney). Professor Morton clearly summarises each chapter in just a few … Continue reading
Posted in Books
Tagged capital, capitalism, economic history, growth, inequality, Political economy, state, taxation, Thomas Pikkety, wealth
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Noam Chomsky on neoliberal semantics: “working class” vs. “middle class”
Noam Chomsky: We don’t use the term “working class” here [ in the U.S] because it’s a taboo term. You’re supposed to say “middle class,” because it helps diminish the understanding that there’s a class war going on. Read this comprehensive interview … Continue reading
Posted in Books
Tagged capital, class, inequality, interest groups, Middle class, neoliberalism, Unions
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An interesting talk between David Graeber & Thomas Piketty on debt, capitalism, neoliberalism & inequality
Graeber: “Our feelings of helplessness stem from the fact that for thirty years the tools of persuasion and coercion have been mobilized to wage an ideological war for capitalism, rather than to create conditions for capitalism to remain viable. Neoliberalism … Continue reading
Analyzing continuity and change in the economy: a double movement between the public and the private meta-fields in society
An interesting (open access) paper “Public and Private: Change and Continuity in Economy through Two Meta-fields in Society” offers a structural general framework to analyse continuity and change in the economy based on the idea that there is a double movement … Continue reading
Posted in Papers
Tagged capital, comparative political economy, institutional change, institutional continuity, rights
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‘Capital’ in the University of Chicago bookstore.. Too bad it’s by the wrong author ;-)
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