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One of the founders of #ordoliberalism (that is perceived as a German version of #neoliberalism), Wilhelm Röpke sought to prevent socialism through the revision of the state's role in society; and what he liked most about the market economy was not its material effects but its #bourgeois ethics. Erwin Dekker interesting review of "Wilhelm Röpke: A Liberal Political Economist and Conservative Social Philosopher": https://economicsociology.org/2019/08/24/the-virtues-of-the-market-wilhelm-ropke-as-a-cultural-economist/The Economist presents: the dangers of free #hospital #parking. "“If a hospital in a crowded city stopped charging [for parking], it would mean more frail, elderly people staggering into the accident and emergency ward on their own as their sons and daughters search for a space, more parents panicking as a child who has hit her head lolls in the back seat, and more labouring women leaning against railings.” https://economicsociology.org/2019/08/20/the-economist-presents-the-dangers-of-free-hospital-parking/ #neoliberalismTags
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Recent Posts
- The Virtues of the Market: Wilhelm Röpke as a Cultural Economist
- The Economist presents: the dangers of free hospital parking. The Neoliberal absurdity at its ‘best’
- The Growth of Shadow Banking and State-Finance Relations
- B&B: Sins of economics // Appropriating the planet // Living in precarity // You are financier // Historians and economists // Labor and serendipity // Neoliberalism uses imperialism
- The Making of Homo Financius and Neoliberal Morality
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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
10 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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“Crisis, Value & Hope: Rethinking the Economy” — Current Anthropology special issue
“Crisis, value, and hope are three concepts whose intersection and mutual constitution open the door for a rethinking of the nature of economic life away from abstract models divorced from the everyday realities of ordinary people, the inadequacies of which … Continue reading
Posted in Papers
Tagged anthropology, credit, crisis, debt, financialization, money, valuation
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What Class is all about? How do Neoliberalism and Finance Capitalism work?
In this concise and instructive animated presentation (12 min), an economist Richard D. Wolff (University of Massachusetts, Amherst) tackles these questions and applies them to the 2007-8 “subprime crisis”. *** Join Economic Sociology and Political Economy community via Facebook / Twitter / LinkedIn / Google+ / Instagram / Tumblr / Reddit / Telegram
Joseph Stiglitz: ‘Free markets’ as a religious belief
Joseph Stiglitz: “The advocates of free markets in all their versions say that crises are rare events, though they have been happening with increasing frequency as we change the rules to reflect beliefs in perfect markets. I would argue that … Continue reading
“The Crises of Capitalism”, a animated clip narrated by Prof. David Harvey
Watch this an animated short (10 min) clip “The Crises of Capitalism”, narrated by David Harvey in which he engagingly and precisely explains the roots of the current crisis and the essence of neoliberal finance capitalism. It’s also good for … Continue reading
The End of Protest: How Free-Market Capitalism Learned to Control Dissent
The End of Protest: How Free-Market Capitalism Learned to Control Dissent by Alasdair Roberts explains how governments learned to unleash market forces while also avoiding protest about the market’s failures. The US has just gone through the worst economic crisis in a generation. Why … Continue reading
Posted in Books
Tagged central banking, control, crisis, democracy, elite, government, neoliberalism, policy, protest, Unions, United Kingdom, United States
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