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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: comparative political economy
How 19th century finance and housing associations shaped 20th century housing regimes in Germany and the United States
Why has Germany become a country of tenants with a housing policy directed at private and public rental construction? On the other hand, why has the United States turned into a homeownership country? In an interesting article, Sebastian Kohl (University … Continue reading
Posted in Papers
Tagged comparative political economy, economic history, finance, Germany, housing, institutions, policy, United States, urban policy
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Why is there no labor party in the United States? Look at Canada to find out
In 1906, a German distinguished (somewhat neglected) economist and sociologist Werner Sombart published Why is there no Socialism in the United States? – a book which will become a famous work on American exceptionalism to this day (along with a pioneering and penetrative Democracy in America, by Alexis de … Continue reading
Latin American capitalism: multinational corporations, business groups, low skills and segmented labor markets
In the course of the last three decades, tectonic changes have occurred in much of Latin America: Many authoritarian governments have been replaced by democracies, and ‘free-market’ principles have supplanted many of the policies of the past. But the redevelopment … Continue reading
In economic policymaking ideas matter. But how and whose? Campbell and Pedersen have insightful answers
John Maynard Keynes has famously said: “The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood.” In politics, policymaking and in the economy, ideas matter indeed. … Continue reading
Peter A. Hall & Michèle Lamont ask: What is the impact of three decades of neoliberalism on communities and individual lives?
What is the impact of three decades of neoliberalism on communities and individual lives? What are the sources of social resilience that allowed some groups to sustain their well-being in the face of neoliberal blast waves, while others suffered losses? … Continue reading
Posted in Books
Tagged comparative political economy, Culture, ideas, institutions, labor, neoliberalism, policy, social resilience
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“National Policy-Making: Domestication of Global Trends” shows how local policies appear to be synchronized globally yet are developed with distinct “national” flavors
Notions of social change are often divided into local versus international. But what actually happens at the national level—where policies are ultimately made and implemented—when policy-making is interdependent worldwide? How do policy-makers take into account the prior choices of other … Continue reading
Posted in Books
Tagged comparative political economy, diffusion, globalization, government, ideas, national context, policy
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Why did the transition from socialism to capitalism result in economic growth in some countries and decline in others? It is all about mass privatization
Scholars have advanced three main arguments to explain why did the transition from socialism to capitalism result in improved growth in some countries and significant economic decline in others: (1) successful countries rapidly implemented neoliberal policies; (2) failures were not … Continue reading
Posted in Papers
Tagged Armenia, Azerbaijan, Belarus, capitalism, comparative political economy, Czech Republic, Estonia, fiscal sociology, Georgia, growth, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, neoliberalism, Poland, Post-communist countries, privatization, Russia, Slovakia, Slovenia, socialism, state, Tajikistan, Ukraine, Uzbekistan
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“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
The Future of Good Jobs and the Labor Unions in the Service Economy
The shift to service-based economy has often been accompanied by the expansion of low wage and insecure employment. Many consider the effects of this shift inevitable. But is there another way? Virginia Doellgast (LSE) has conducted an impressive study of … Continue reading
Posted in Books
Tagged comparative political economy, Germany, globalization, labor, neoliberalism, Unions, United States
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