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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: 12 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: cognitive framework
Why the Federal Reserve Failed to See the 2008 Financial Crisis: The Role of “Macroeconomics” as a Sensemaking and Cultural Frame
In this very interesting and enlightening paper by Neil Fligstein, Jonah Stuart Brundage & Michael Schultz (University of California, Berkeley), they tackle one of the puzzles about the crisis of 2008: why the regulators were so slow to recognize the … Continue reading
“Seeing, Knowing, and Regulating Financial Markets: Moving the Cognitive Framework from the Economic to the Social”
This (open access) interesing and comprehensive paper by Julia Black (LSE), argues that in order to regulate financial markets, we need a more sophisticated and realistic cognitive framework through which to analyse markets’ dynamics and on which to base their regulation. To that … Continue reading
