Tag Archives: Economic Sociology

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

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

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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Top 10 Most-read Economic Sociology and Political Economy Posts of 2017

As 2017 (already) comes to an end, I rounded up the top 10 most-read posts of the year on Economic Sociology and Political Economy community blog. Besides being interesting, enlightening and thought-provoking, it turned out that these posts reflect to a large extent the complex realities … Continue reading

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Neil Smelser: “Economic sociology, intellectually, is one of the strongest fields in sociology”

A brilliant and influential sociologist Neil Smelser passed away on Monday at the age of 87, leaving behind an extraordinary intellectual legacy. Among many contributions during his prolific academic career, unparalleled in its diversity and breadth (in social change, social movements, sociology … Continue reading

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The economy derives its meaning only from its uneconomic purpose

A German-Swiss philosopher Karl Jaspers: “We must realize that neither the economy nor any of its forms are absolutes. The economy is not the standard for all that we are and can be. It is indispensable – as water is to … Continue reading

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Pierre Bourdieu: Economism is a form of ethnocentrism

Economic Sociology of Pierre Bourdieu is very rich and brilliantly enlightening, as well as non-univocal, and theoretically and intellectually multifaceted. Reflecting on his great contribution to the field, which he preferred to call “Economic Anthropology”, his classic The Logic of Practice (1990; open … Continue reading

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Framing Value of Things and Making Things Valuable

My experiences at Asian floating markets have included constant conversations between me and merchants, and thereafter between me and myself, such as: “How much is it?”  — “How much do you want to give me?”, he replies. “How much was … Continue reading

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The Political Economy and Economic Sociology of Brexit

In the beginning, it is said, was Brexit. “Brexit is a revolution”, it is said from the right and by the left. Revolution, though, is a Janus-faced concept that “evokes dialectically linked oppositions: light and darkness; rupture and continuity; liberation and oppression; … Continue reading

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Joseph Schumpeter’s definition of Economic Sociology

In his monumental History of Economic Analysis, Joseph Schumpeter identified four fundamental fields of economic analysis: economic history, statistics, economic theory and economic sociology. According to Schumpeter, a mastery in these four fields is “what distinguishes the ‘scientific’ economist from all the other … Continue reading

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The early Karl Polanyi: Interpreting “Socialist Accounting”

We are all Polanyians now. Karl Polanyi is probably one of the most famous theorists among social scientists today. It is almost impossible not to come across Polanyi’s citations and references in a very wide range of researches over the last … Continue reading

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