Tag Archives: economics

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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Theodor Adorno on the division between economics and sociology

In May-July 1968, Theodor W. Adorno, an eminent philosopher, sociologist and one of the founders of the Frankfurt School of Critical Theory, gave his last lecture series which were published in 2000 as Introduction to Sociology. In these accessible and lucid … Continue reading

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Economics of Simplism, or why some countries are rich and others poor

“The use of knowledge by one producer does not prevent its use by others. Thus there is no inherent reason that producers in poor countries cannot use the same knowledge as producers in rich countries. If the relevant knowledge is publicly available, poor countries … Continue reading

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Joan Robinson: Solutions offered by economists are no less delusory than those of the theologians

The brilliant Joan Robinson concludes her insightful book Economic Philosophy: “The neo-classical heritage still has a great influence, not only on the teaching of economics but in forming public opinion generally, or at least in providing public opinion with its … Continue reading

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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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