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"This issue shows is an important transition: from a form of policy-making that assumed that, once implemented, #markets work on their own, to situations in which #policymaking is understood as continuous market organization." Christian Frankel, José Ossandón & Trine Pallesen depict "Economy & Society"s interesting special issue featuring Mirowski, Breslau, Neyland, Laurent, Ehrenstein, more https://economicsociology.org/2020/02/11/markets-for-collective-concerns-market-failures-and-policy-making/ #economicsociologyB&B: Never before published Hannah #Arendt’s essay on #poverty, misery, and the Great Revolutions of #History // 1968 movements facilitated “#FreeMarket” #politics // Alienation and #work // #Neoliberalism and "family values" project // #Sociology of #consumption // Index funds and #inequality // #Research for profit https://economicsociology.org/2020/02/08/hannah-arendt-research-for-profit-neoliberalism-and-family-values-lessons-of-1968-sociology-of-consumption-index-funds-and-inequality-alienation-and-work/Tags
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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 corporate governance, corporations, law, neoliberalism, regulation, shareholder value
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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 industry 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 in Ohio. The steelworkers claimed U.S. Steel had promised to keep the two mills open so long … 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)
Why the East India Company became the most powerful business in history? Because it granted its employees the right to pursue their own commercial interests
Exploring trade network dynamics, decision-making processes and organizational context, in an extraordinary Between Monopoly and Free Trade: The English East India Company, 1600–1757 Emily Erikson (Yale University) demonstrates why the English East India Company was a dominant force in the … Continue reading
Posted in Books
Tagged capitalism, corporations, Culture, economic history, Economic Sociology, globalization, imperialism, markets, monopoly, networks, social networks, trade, United Kingdom
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Corporate central planning and American industrialization
The Rise of Planning in Industrial America, 1865-1914 shows that the giant corporations that dominated the American economy through the 20th century were, first and foremost, unprecedented examples of successful, consensual central planning at a very large scale. Richard Adelstein’s … Continue reading
Posted in Books
Tagged corporations, economic history, Industrialization, planning, United States
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“The Supranational Corporation: Beyond the Multinationals” shows how corporations flaunt laws and act as controlling powers beyond the legal national constraints
This book by Laura Westra lays bare corporate actions both domestic and international, under the guise of legal “personhood” that has granted corporations increasing power. As a result, corporate decisions undermine and even nullify legal decisions made by governments designed … Continue reading
Posted in Books
Tagged corporations, global governance, globalization, glocalization, law, multinationals, power, state
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“Anti-Corporate Movements and the Spread of Cooperative Forms in American Capitalism” by Marc Schneiberg
This interesting (open access) paper sheds new light on the contentious transactions between movements, corporations and non-governmental organizations, expanding existing work on the trajectories, tactics and organizational effects of anti-corporate movements. Addressing the spread of cooperatives in the early 20th-century US economy, this … Continue reading
Posted in Papers
Tagged anti-corporate movement, cooperatives, corporations, diffusion, institutional change, NGOs, United States
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Corporate density is especially potent for the growth of elite-oriented nonprofits—but not social welfare nonprofits—when local networks and cultural norms support elite mobilization
In “Golfing Alone? Corporations, Elites, and Nonprofit Growth in 100 American Communities” (open access) Christopher Marquis, Gerald F. Davis & Mary Ann Glynn examine the link between corporations and community by showing how corporate density interacts with the local social … Continue reading
Posted in Papers
Tagged corporations, elite, networks, nonprofits, social capital, social networks, United States, welfare
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