Tag Archives: economics

Foucault: Neoliberalism Redefined Homo Economicus

Posted on November 18, 2020 by Oleg Komlik

Michel Foucault, a lecture at the Collège de France, March 1979: “The characteristic feature of the classical conception of homo economicus is the partner of exchange and the theory of utility based on a problematic of needs. In neo-liberalism — … Continue reading →

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Human Need vs. Capitalist Greed: a Gastronomic Rebuttal of Mainstream Economics

Posted on November 10, 2020 by Oleg Komlik

by Michael Symons* “A tap of my magic wand… and all you see is money!” With this, the conjurer distracts attention from healthy bodies, happy households, wise governments, and nature. Even the actual market of bread, apples and beer disappears … 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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What is Institutional Economics?

Posted on June 30, 2020 by Oleg Komlik

From William Dugger’s Underground Economics: A Decade of Institutionalist Dissent: “Institutionalism serves as the methodological conscience to the unrealistic neoclassicism that now dominates economics departments in U.S universities. Realism is the touchstone of institutionalism. Institutionalists may differ over many particulars, … Continue reading →

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Capitalism: A Journal of History and Economics

Posted on January 3, 2020 by Oleg Komlik

As we are living in the present when tragedy and farce mix and make the past look oracular, a new history of Capitalism must be introduced for the sake of the future. The new year brought with it a much-needed … Continue reading →

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Neoliberalism. A critical reader.

Posted on September 20, 2019 by Oleg Komlik

got banned from the library for moving all the books on trickle down economics to the mythology section (@Nasharchy, May 11, 2017) *** 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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The Virtues of the Market: Wilhelm Röpke as a Cultural Economist

Posted on August 24, 2019 by Oleg Komlik

by Erwin Dekker* Neoliberalism is often associated with an excessive focus on the market at the expense of both the state and society. A new book Wilhelm Röpke (1899–1966): A Liberal Political Economist and Conservative Social Philosopher, edited by Patricia Commun … Continue reading →

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Finance, Class, and the Birth of Neoclassical Economics: The Marginalist Revolution Revisited

Posted on July 28, 2019 by Oleg Komlik

by Yair Kaldor* In economic textbooks, the concept of “value” is regarded as nothing more than the prevailing market price. This definition might seem self-evident, but it stands in sharp contrast to the classical theories of Adam Smith and David … Continue reading →

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Neither Market Nor State?

Posted on July 19, 2019 by Oleg Komlik

“And what if the choice had never been between Market and State organizations, between liberals and socialists, but instead between those who believe in the miracles of a pre-established harmony and those who refuse to ‘believe in miracles’? Could we … Continue reading →

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Galbraith vs. Friedman — “The emancipation of belief is the most formidable of the tasks of reform, the one on which all else depends”

Posted on November 23, 2018 by Oleg Komlik

John Kenneth Galbraith was one of the most famous and influential American economists and public intellectual of the post-WWII era. Galbraith, who leaned toward post-Keynesian economics embracing an institutionalist perspective, was a very prolific writer and his books (The Great … Continue reading →

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Nobel winner Paul Romer on the backwardness of economics and economists’ misleading use of math

Posted on October 8, 2018 by Oleg Komlik

A fresh Nobel Prize laureate in economic sciences Paul Romer published three years ago an interesting short paper “Mathiness in the Theory of Economic Growth”. His main assertion (which granted him with colleagues’ reactions such as “don’t make waves“) was that … Continue reading →

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Central Banks, Technocratic Power, and the Fear of Democracy

Posted on September 12, 2018 by Oleg Komlik

Jacqueline Best has an interesting new article that starts with catchy and provocative analogy and then presents thought-provoking discussion and arguments: “What do border guards and central bankers have in common? Both operate, on a day-to-day basis, in political spaces exempt … Continue reading →

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Economics as Religion

Posted on September 3, 2018 by Oleg Komlik

COME WORSHIP WITH US “A LESSON IN ECONOMICS” (Photo courtesy of  Jodi Beggs – Everglades, Florida, USA, 2013) I rest my case 😉  Or, at least, Max Weber could be assigned to teach it… 🙂   *** Join Economic Sociology and Political Economy … Continue reading →

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Robert Solow’s sarcastic economics

Posted on July 14, 2018 by Oleg Komlik

Robert Solow, one of the most honored and influential economist of the second half of the 20th century, has been involved throughout his career in a series of polemics with several neoliberal (and other) economists in academia and government. Along with substantial assertions and explanations, … Continue reading →

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