Tag Archives: economics

David Ricardo: What is the Key Problem in Political Economy?

David Ricardo (1772 – 1823) was a prominent classical economist who gave systematized form to the rising discipline of economics, rightly termed then as political economy. The opening paragraph of his book On The Principles of Political Economy and Taxation (1817) contributes to this endeavour … 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 Pretence of Knowledge

– They pretend to know. – Yes. – Yet they don’t know. – Correct. – And they get paid for this? – Paid well, too. – Man, I wanna be an economist!!! *** Join the Economic Sociology and Political Economy community via … Continue reading

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The Intellectual Origins of Sharing Economy

Buckminster “Bucky” Fuller (1895 – 1983) was a renowned and influential American inventor, designer, systems theorist, and futurist. Fuller saw himself as a practical philosopher and worked to solve global problems surrounding housing, transportation, energy, ecological destruction, and poverty. During his … Continue reading

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Economics is an Imperial Science

George Stigler, a founding member of Mont Pelerin Society and a key preacher of neoliberal economics,  on what he proudly calls “economist-missionaries” (1984: 304) : “So economics is an imperial science: it has been aggressive in addressing central problems in a considerable number … 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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Economics :-)

Theory in Pictures See here more Theories in Pictures *** Join the Economic Sociology and Political Economy community through Facebook / Twitter / LinkedIn / Google+ / Instagram / Reddit / Tumblr

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Growth fetish and taking nature out of economics

“Anglo-American economists (after about 1880) took nature out of economics. The growth fetish, while on balance quite useful in a world of empty land, shoals of undisturbed fish, vast forests, and a robust ozone shield, helped create a more crowded … Continue reading

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Genealogy of Capitalism and Sacred Economics in Victorian Britain

“Labour is Life: from the inmost heart of the Worker rises his god-­given Force, the sacred celestial Life-­essence breathed into him by Almighty God…”                                                      … Continue reading

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Economist the Creator

A (too realistic) joke goes like this: A surgeon, an architect and an economist discussed whose job would be the oldest. The surgeon said it would be his job, because Eve was made of a rip from Adam. That was … Continue reading

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