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In 1951 John Kenneth Galbraith wrote Milton Friedman to thank him for giving a lecture at #Harvard #economics department. This very short letter is not only a typical example for #Galbraith’s eloquence and sardonic phrasing, but underlines his ability to combine conceptual open-mindedness with a sincere standpoint of his own. Read, and more: https://economicsociology.org/2018/11/23/galbraith-vs-friedman-the-emancipation-of-belief-is-the-most-formidable-of-the-tasks-of-reform-the-one-on-which-all-else-depends/B&B: Tech companies love #dogs not unions // How US #conservative #elite persists // Male-dominated central banks // #India’s #demonetisation // The making of Tourist #Capitalism See the articles: https://economicsociology.org/2018/11/15/bb-tech-companies-love-dogs-not-unions-how-us-conservative-elite-persists-male-dominated-central-banks-indias-demonetisation-the-making-of-tourist-capitalism/Tags
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Recent Posts
- Great academic opportunities: 11 calls for papers, 4 jobs, 2 postdocs, visiting grant, PhD stipend, summer school
- Galbraith vs. Friedman — “The emancipation of belief is the most formidable of the tasks of reform, the one on which all else depends”
- B&B: Tech companies love dogs not unions // How US conservative elite persists // Male-dominated central banks // India’s demonetisation // The making of Tourist Capitalism
- Elite Men and Inequality in the Hedge Fund Industry
- Great academic opportunities: 10 calls for papers, 4 jobs, 3 postdoc and visiting positions, 2 PhD stipends
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ES/PE on Social Media
Tag Archives: democracy
Central Banks, Technocratic Power, and the Fear of Democracy
Jacqueline Best has an interesting new article that starts with catchy and provocative analogy and then presents thought-provoking discussion and arguments: “What do border guards and central bankers have in common? Both operate, on a day-to-day basis, in political spaces exempt … Continue reading
Back to the Future: Authoritarian Neoliberal Regime versus Democratic Social State
The destiny of the 20th century, especially after the WWII, has been determined and shaped by the multifaceted confrontation between capitalism and “communism”, the West vis-a-vis the East. But history did not end in 1991, as some have tried to convince … Continue reading
Posted in Books
Tagged capitalism, democracy, institutional change, Marxism, neoliberalism, politics, social movements, state
3 Comments
Neoliberalism vs. Democracy
“A vibrant political culture needs community groups, libraries, public schools, neighborhood organizations, cooperatives, public meeting places, voluntary associations, and trade unions to provide ways for citizens to meet, communicate, and interact with their fellow citizens. Neoliberal democracy, with its notion … Continue reading
Alexis de Tocqueville on democracy, materialism and political economy
Alexis de Tocqueville (1805 – 1859) was a notable French political scientist and historian, best known for Democracy in America, a perceptive and groundbreaking analysis of the social, political and economic system of the United States. This four-volume book is brimming with … Continue reading
Posted in Books
Tagged Alexis de Tocqueville, democracy, economic history, Economic Sociology, Political economy, United States, wealth
3 Comments
Socrates on Oligarchy and Democracy
The Republic is a monumental work of philosophy and political theory, written by Plato around 380 BC. In this sophisticated and fascinating tractate of ten books, Socrates – the pivotal character of The Republic – conducts his famous dialogues with Athenians, deliberating mainly on essence and aspects … Continue reading
Thomas Piketty: “Take a serious interest in money… Those who have a lot of it never fail to defend their interests.”
These are Thomas Piketty’s last words in his ground-shaking Capital in the Twenty-First Century. The Economic Sociology and Political Economy global academic community proudly realizes their prescriptive meaning: “All social scientists, all journalists and commentators, all activists in the unions and in politics of … Continue reading
Posted in Oleg Komlik
Tagged academia, democracy, media, money, public sociology, Thomas Piketty, wealth
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Democracy matters: the extension of the franchise and its impact on financial systems
For centuries, voting rights were limited to wealthy elites, aristocrats, and landlords. For instance, the electorate in England and Wales in 1780 consisted of less than 3% of the total population. Suffrage reforms, enacted during the late 19th and the 20th … Continue reading
Rise like Lions after slumber in unvanquishable number, Shake your chains to earth like dew… Ye are many — they are few.
The political poem “Mask of Anarchy” was written by Percy Bysshe Shelley, following the Peterloo Massacre in 1819 when pro-democracy and anti-poverty protesters in Manchester were brutally dispersed by armed cavalry. This is a powerful call for freedom, political representation and … Continue reading
Posted in Oleg Komlik
Tagged democracy, policy, social movements, state, United Kingdom
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Herbert Marcuse: Power of Repressive Tolerance
Herbert Marcuse‘s resonant and insightful words: “In the contemporary period, the democratic argument for abstract tolerance tends to be invalidated by the invalidation of the democratic process itself. The liberating force of democracy was the chance it gave to effective dissent, … Continue reading
The “responsible”, the “irresponsible” and the Political Economy of the Sovereign Debt Crisis
There are “irresponsible” countries (Greece, Ireland, Italy, Portugal and Spain) which caused the current crisis; and there are “responsible” governments (Germany), which for some reason are asked to repay others’ debts and have the right to refuse to bail “irresponsibles” out and to insist the … Continue reading
Posted in Papers
Tagged austerity, debt, democracy, devaluation, European Union, Germany, Greece, policy, politics, state
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