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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: economic history
Leonora Barry: a pioneer statistician of women’s labour
by Eli Cook* Unfortunately yet unsurprisingly, the world of economic quantification was dominated by men in the nineteenth century. In honor of International Women’s Day, here is a story, excerpted from my book The Pricing of Progress, on Leonora Barry, one of … Continue reading
Posted in community members posts
Tagged economic history, labor, statistics, United States, women rights, work
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The Goose and the Common — The Privatization of Public Space
“The [following 18th century folk] poem is one of the pithiest condemnations of the English enclosure movement, the process of fencing off common land and turning it into private property. In a few lines, the poem manages to criticize double standards, … Continue reading
World Inequality Report 2018: Great Data, Bright Analysis, Perturbing Reality
The World Inequality Lab led by Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Facundo Alvaredo and Lucas Chancel released today the first of its kind World Inequality Report 2018. The Report aims to become the comprehensive reference report on income and wealth inequality around … Continue reading
Posted in Books, Oleg Komlik
Tagged economic history, inequality, neoliberalism, policy, Political economy, wealth
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The Pricing of Progress and the Origins of GDP
by Eli Cook* In the past few years, roughly half a dozen books have come out examining the meteoric rise and profound impact of Gross Domestic Product (GDP). An economic indicator that measures the money-making capacities of a nation by … Continue reading
Posted in Books, community members posts
Tagged capitalism, economic history, economics, GDP, valuation
1 Comment
Political Economy of Labor Repression in the United States
by Andrew Kolin* The task at hand is to place the political economy of repression within the contours of U.S. history and sketch in broad terms how, over time, repression is the product of dynamic and fixed relations between capital and … Continue reading
Posted in Books, community members posts
Tagged capitalism, economic history, labor, state, United States
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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
India, Modernity and the Great Divergence – Why the Industrial Revolution and Modern Economic Growth first occurred in England
by Kaveh Yazdani* How come the world’s eight wealthiest men are as rich as half the planet’s population? Why do the vast bulk of the super-rich come from the West despite the rise of Chinese and Indian capital? And why are … Continue reading
Posted in Books, community members posts
Tagged development, economic history, India, Industrialization, modernity
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How 19th century finance and housing associations shaped 20th century housing regimes in Germany and the United States
Why has Germany become a country of tenants with a housing policy directed at private and public rental construction? On the other hand, why has the United States turned into a homeownership country? In an interesting article, Sebastian Kohl (University … Continue reading
Posted in Papers
Tagged comparative political economy, economic history, finance, Germany, housing, institutions, policy, United States, urban policy
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Social Classes in Medieval Imperial China
Su Xun (1009-1066), a renowned writer of that period, presents a direct testimony on social classes and feudal system in Medieval Imperial China: “The fields are not the property of the men who till them, and those who own the fields do not … Continue reading
Karl Polanyi on the Rise of Fascism and Market Economy
A spectre is haunting Europe and the world — the spectre of Fascism (veiled as defensive democracy and common-sense patriotism) and authoritarian neoliberalism (disguised as social protectionism and perceived by laymen as decisive populism). The bothering question of our troubling present is not whether history repeats … Continue reading
