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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: crisis
Market Sentiment and the Ingenuity of the Markets
In a brilliant sketch by John Bird and John Fortune, aired during The South Bank Show on 14 October 2007, these British satirists trace the very workings of financial markets and the outbreak of the subprime crisis. Tragicomedy at its best…! *** Join Economic Sociology … Continue reading
China’s Minsky moment? Stability leads to instability
Hyman Minsky (1919–1996) was a distinguished American scholar and prominent post-Keynesian economist. In the wake of the 2008-2009 crisis Minsky’s invaluable scientific contribution has widely spread, but soon he has unfortunately disappeared from public and economic discussions. While most of the mainstream economists are … Continue reading
Posted in Papers
Tagged banking system, capitalism, crisis, financial crisis, financial markets, financialization, Hyman Minsky, neoliberalism
4 Comments
Economic Consequences of Neoliberalism: Coping with Financial Crises
John Maynard Keynes: “The power to become habituated to his surroundings is a marked characteristic of mankind. Very few of us realize with conviction the intensely unusual, unstable, complicated, unreliable, temporary nature of the economic organization by which Western Europe … Continue reading
Posted in Papers
Tagged crisis, Europe, ideas, institutions, neoliberalism, policy, Political economy
3 Comments
Why and when do governments appoint economists and economics-trained politicians?
Should policymakers – politicians and high-level state officials – be experts in their fields? Does professional competence effect public policies at all? And does it prove itself? These, undoubtedly, important issues to be discussed and researched. But in order to … Continue reading
Posted in Papers
Tagged central banking, crisis, economics, European Union, knowledge, neoliberalism, OECD, policy, politics, professionals
1 Comment
What is money? Can we understand the current state of the economy as a crisis of money itself?
The latest economic collapse has incited substantial conversation about debt, financialization, and the commodification of everyday life. But what exactly is money? Making Money: The Philosophy of Crisis Capitalism turns the questions raised in the title into a matter of … Continue reading
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
Gendering the Recession: Media, Culture and the Reemergence of Gender Tropes
Gendering the Recession: Media and Culture in an Age of Austerity is an interesting book which provides analyses of a recession-era media culture characterized by the reemergence and refashioning of familiar gender tropes, including crisis masculinity, coping women, and postfeminist self-renewal. … Continue reading
What crisis? Everything must (not) change so that the IMF can remain the same.
During the last years, some economists at the International Monetary Fund (IMF) have presented papers, that allegedly rejected several neoliberal ideas (on a range of issues, from fiscal policy to capital controls) which have been preached and enforced by its … Continue reading
Posted in Papers
Tagged market fundamentalism, crisis, economics, fiscal policy, global governance, IMF, monetary policy
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Who Are the Foreclosed? A portrait of Americans displaced by the mortgage foreclosure crisis
Based on data from the National Suburban Survey from September 2010, Christopher Niedta & Isaac William Martin found that the person who has experienced home mortgage foreclosure since September 2007 resembles the average American but is somewhat likely to be … Continue reading
Posted in Papers
Tagged crisis, housing, inequality, poverty, subprime mortgage crisis, United States
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The Causes of Structural Unemployment: Socio-political and Economic perspectives on Changes in Labor Markets
The Causes of Structural Unemployment skillfully integrates socio-political and economic perspectives to highlight the major changes in the structure of labor markets in affluent industrialized nations. Recent years have seen growing concern over declining jobs, and though corporate profits have picked up … Continue reading
Posted in Books
Tagged crisis, financialization, globalization, inequality, labor, neoliberalism, shareholder value, sociology of work, unemployment
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