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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: corporations
Leveling mountains to define Corporate Liability
In the seminal 1909 case, New York Central R. Co. v. United States, 212 U.S. 481-499, the railroad argued that as a corporation it could not be held criminally liable for the unlawful acts (such as paying prohibited rebates to another company) … Continue reading
Corporate Governance — for the society and the environment
Our societies are all scarred by Milton Friedman’s creed that “the social responsibility of business is to increase its profits”; our economies are all wounded by corporations’ obsessive pursuit for short-term profit maximization; regrettably, we all pay the price of dodgy and excessive corporate … Continue reading
Posted in Papers
Tagged academia, corporate governance, corporations, law, neoliberalism, regulation
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The darkness of corporate enlightenment
James Doolin, “Study for Corporate Rise“, 1986 (oil on canvas) *** Join the Economic Sociology and Political Economy community through Facebook / Twitter / LinkedIn / Google+ / Instagram / Reddit / Tumblr
The European corporate elite on trial: the foundation of the Eurozone and the navigation of its crisis
“Europe’s industrial bosses oscillate between fear, anger and disbelief…. Company bosses long to yell “You’re fired!” at any number of European politicians… But a majority of Europe’s businesspeople definitely wants politicians to do more to hold the euro zone together.” (The … Continue reading
Posted in Papers
Tagged corporations, elites, European integration, European Union, Eurozone crisis, fiscal policy, interest groups, monetary policy, power
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Are we the 99%? The corporatization of activism and cooptation of social protests
Mass struggles and civil unrest have raged since the 2008 financial crisis. Across the world students, workers and environmentalists are taking to the streets fighting for social justice and against neoliberal austerity or state repressions. Protest Inc.: The Corporatization of Activism by Peter Dauvergne and Genevieve LeBaron, … Continue reading
The political economy of pharmaceutical industries and healthcare in developing countries
Do economic development and growth more or less automatically bring with them better medical care to the population of a country? Well, it is generally presumed they do. This assumption is also a core part of a neoliberal globalism fairy … Continue reading
Posted in Books
Tagged corporations, development, developmental state, global governance, health, India, markets, Political economy, state
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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
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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
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Tax breaks for corporations, low-paying jobs and higher taxes for you: a sketch from “Roseanne”
A classic pungent scene from the 1990’s sitcom Roseanne (1 min 40 sec)
