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A thoughtful and interesting overview of German New #EconomicSociology with a focus on the intellectual contribution of the Max Planck Institute for the Study of Societies in Cologne - by John Wilkinson https://economicsociology.org/2019/03/01/german-new-economic-sociology-and-the-max-planck-institute-for-the-study-of-societies #sociology #politicaleconomy #financializationErik Olin Wright, an eminent #sociologist and one of the great public intellectuals of our time, has died at 72. Wright, a brilliant scholar and Marxist thinker, has not just taught us so much about #class, exploitation and power, he has also envisioned way to democratic and egalitarian alternatives to #capitalism. Erik Olin Wright was passionately and equally earnest about intellectual rigour and political relevance. Read his final words: https://economicsociology.org/2019/01/23/erik-olin-wright-has-contributed-to-making-utopias-real/ #sociology #marxism #politicaleconomyTags
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Tag Archives: forecasting
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
Fictionalizing the Economy and Reviewing Imagined Futures of Capitalism
by Lars Crusefalk* In the book Imagined Futures – Fictional Expectations and Capitalist Dynamics, a leading economic sociologist Jens Beckert argues that social scientists need to put more emphasis on how actors in modern capitalistic societies handle uncertainty in relation to … Continue reading
Posted in Books, community members posts
Tagged capitalism, consumption, credit, expectations, forecasting, imagination, innovations, money, uncertainty
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Economic fortune telling: forecasting to profit
“The only function of economic forecasting is to make astrology look respectable”, famously remarked John Kenneth Galbraith. “Professional” fortune tellers and clairvoyant have accompanied mankind, receiving great respect, throughout the ages. Therefore, one can say, it was only a matter … Continue reading
Ben Bernanke on economics and economic forecasting
In his remarks at Princeton University Baccalaureate Ceremony in June 2013, several months before he left office, the former chairman of the Federal Reserve and an eminent economist Ben Bernanke released into the world this frank insight: “Economics is a highly … Continue reading
