Tag Archives: Economic Sociology

‘American Bonds’ by Sarah Quinn — The Best Book in Economic Sociology and Political Economy for 2020

Posted on December 26, 2020 by Oleg Komlik

The ES/PE global academic community is pleased to announce the granting of the Best Book in Economic Sociology and Political Economy Award for 2020 to Sarah Quinn‘s superb, enlightening, thoroughly researched and engagingly written American Bonds: How Credit Markets Shaped a … Continue reading →

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Finance under state capitalism: Re-conceptualising capital markets through China’s financial transformation

Posted on December 15, 2020 by Oleg Komlik

by Johannes Petry* When one thinks of China, burgeoning capital markets – the epitomisation of free market capitalism – are certainly not the first thing that spring to mind. By 1989, capital markets did not even exist in China. But … Continue reading →

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Political Economy After Neoliberalism: A Manifesto for New Thinking

Posted on October 8, 2020 by Oleg Komlik

by Neil Fligstein and Steven Vogel* If anything could have dislodged the neoliberal doctrine of freeing the market from the government, you might have expected the coronavirus pandemic to do the trick. Of course, the same was said about the global financial … Continue reading →

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American Sociology’s Emergence and Separation from Political Economy

Posted on July 25, 2020 by Oleg Komlik

Rereading Philippe Steiner’s excellent, thorough and highly recommended Durkheim and the Birth of Economic Sociology (2011) — in which Steiner argues that there were two stages in Durkheim’s approach to the economy: a sociological critique of political economy and a sociology … Continue reading →

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Markets for Collective Concerns, Market Failures, and Policy-making

Posted on February 11, 2020 by Oleg Komlik

by Christian Frankel, José Ossandón and Trine Pallesen* As Foucault (2008) pointed out 40 years ago, the economic thinking of the Ordoliberals in Germany, the Chicago School in the United States, and Austrian economists such as Hayek, represented an important … Continue reading →

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The Social Structure of Prices

Posted on January 22, 2020 by Oleg Komlik

“It is not prices that determine everything, but everything that determines prices.” (Bourdieu 2005: 197) Bourdieu, Pierre. 2005. The Social Structures of the Economy. Polity Press *** Join Economic Sociology and Political Economy community via Facebook / Twitter / LinkedIn / Instagram / Tumblr / Reddit / Telegram

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Political Economy: Origins, Meanings, Changes

Posted on September 14, 2019 by Oleg Komlik

“Political economy should be a human science.”                                                                    … Continue reading →

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German New Economic Sociology and the Max Planck Institute for the Study of Societies

Posted on March 1, 2019 by Oleg Komlik

The new much-anticipated discussion paper by John Wilkinson (Federal Rural University of Rio de Janeiro) provides a thoughtful and comprehensive survey of German new economic sociology with a special focus on the contributions of the Max Planck Institute for the Study … Continue reading →

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Did Neoliberalism and Austerity Cause Brexit? Yes.

Posted on August 14, 2018 by Oleg Komlik

While the Brexit process is underway and UK politicians are tearing themselves apart over this overwhelmingly and multidimensionally complicated  issue, an economics professor from Warwick University Thiemo Fetzer provides ample and comprehensive evidence that the austerity-induced withdrawal of the welfare state brought about by the Conservative-led … Continue reading →

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Economic Sociology, Homo Economicus, and Performativity of Economics

Posted on July 7, 2018 by Oleg Komlik

It is never too late, nor too early, to reread and contemplate a good theory. For example, to mull over Michel Callon’s programmatic statement about the performativity of economics, presented two decades ago in the introduction to The Laws of the Markets: … Continue reading →

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Was Karl Polanyi wrong? Land, labor, and private authority in the global economy

Posted on May 26, 2018 by Oleg Komlik

by Tim Bartley* Karl Polanyi famously argued that land, labor, and money are “fictitious commodities.” They cannot be fully subjected to the dictates of the market without spurring backlashes that seek to re-embed them in society.  It is easy to … Continue reading →

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Who is in Control of Markets: Humans or Financial Models?

Posted on May 12, 2018 by Oleg Komlik

by Ekaterina Svetlova* The recent stock market correction raised again the question of who is in control of markets: humans or technology. Nasdaq CEO Adena Friedman said on CNBC that „humans are definitely in charge of the decisions in the market” … Continue reading →

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Folk economics, economic sociology, and Trump’s campaign

Posted on May 2, 2018 by Oleg Komlik

“When did we beat Japan at anything? They send their cars over by the millions, and what do we do? When was the last time you saw a Chevrolet in Tokyo? It doesn’t exist, folks. They beat us all the … Continue reading →

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Market Forecasting: A Sensitive Practice at the Heart of Neoliberal Capitalism

Posted on March 24, 2018 by Oleg Komlik

by Stefan Leins* Since the emergence of modern financial markets, financial analysts have played a critical role in producing visions of “the economy” and its future development. As experts, they analyze market developments and predict future scenarios that enable other financial … Continue reading →

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Joseph Schumpeter: Social structures are coins that do not readily melt

Posted on January 11, 2018 by Oleg Komlik

Economic sociologists an political economists will surely discern the grace and insight in the following Joseph Schumpeter’s quote (from his magnum opus Capitalism, Socialism and Democracy), which beautifully describes the essence of institutions, their socio-historical embeddedness, as well as their persistence in front of … Continue reading →

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