Tag Archives: fiscal sociology

Get free from the dogmas of the apostles of austerity: Fifteen Fatal Fallacies of Financial Fundamentalism

Just three days before he passed away, a notable Columbia University professor of economics William Vickrey was awarded 1996 Nobel Prize in Economic Sciences for fundamental contribution to the economic theory of incentives under asymmetric information. Throughout his prolific career, Vickrey developed methods … Continue reading

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The politics of fiscal policies: the lessons of history

Throughout the recent years of the crisis, the EU bodies and the German leaders have constantly oppressed Greece. They have pushed Greek people towards the abyss of austerity in the name of “fiscal responsibility” and “self-evident economic truths”. But essentially, it is … Continue reading

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Fiscal embeddedness: taxation policy as an institutional tool of state-building

Following Joseph Schumpeter’s assertion that “the public finance is one of the best starting points for an investigation of society, especially, though not exclusively, of its political life”, I find that the multidisciplinary study of the sources, practices and consequences of … Continue reading

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The collapse of Ireland’s Celtic Tiger: an incredible story of corporatism, neoliberalism and globalization run amok

In 2008 Ireland experienced one of the most dramatic economic crises of any economy in the world. It remains at the heart of the international crisis, sitting uneasily between the US and European economies. Not long ago, however, Ireland was … Continue reading

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Tax avoidance as “tax planning”: global accounting firms on the make

About 21 trillion dollars hoarded by wealthy elites in secretive offshore jurisdictions to avoid taxes in their home countries. The offshore hoard is protected by a highly-paid, industrious bevy of professional enablers in the private banking, legal, accounting, and investment … Continue reading

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Economics‬ of ‪‎War‬, and ‪Economy‬ and War

This collection of papers, from various academic journals and various disciplines (with free access during November), covers topics concerning the relationship between the ‪economy‬ and war and economics‬ of ‪‎war in current and historical contexts: – ‪Political regimes (democracy vs. authoritarian … Continue reading

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Why did the transition from socialism to capitalism result in improved growth in some countries and significant economic decline in others? It is all about mass privatization!

Scholars have advanced three main arguments to explain why did the transition from socialism to capitalism result in improved growth in some countries and significant economic decline in others: (1) successful countries rapidly implemented neoliberal policies; (2) failures were not … Continue reading

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