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A fresh #NobelPrize winner Paul Romer: "For more than three decades, #macroeconomics has gone backwards", "Mathiness lets [economics’] academic politics masquerade as science". Read and share Romer's astute reflections on the state of #economics profession. https://economicsociology.org/2018/10/08/nobel-winner-paul-romer-economists-use-math-to-mislead/James March, a distinguished social scientist and great master of #management studies, organisational and institutional #theory, has passed away. But only a few know that beside his tremendous academic career, March was also an accomplished poet. Poetry, he wrote, "is an exploration of ambivalence and paradox, of the possibility of feeling simultaneous sentiments that seem contradictory, of living in multiple worlds and experiencing multiple feelings, and of recognizing the role of ugliness in the creation of beauty.” R.I.P. https://economicsociology.org/2018/09/28/r-i-p-james-march-success/ #sociology #socialscience #strategyTags
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Tag Archives: growth
Growth Fetish
Then they said, “Come, let us build ourselves a city, and a tower whose top is in the heavens; let us make a name for ourselves, lest we be scattered over the face of the whole earth.” (The Tower of Babel … Continue reading
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
18 focused interpretative digests of each chapter from Piketty’s “Capital in the 21st Century”
Read this impressive interpretative review of Thomas Piketty’s Capital in the Twenty-First Century – 18 focused posts devoted to each chapter from the book, carefully wrote by Adam David Morton (University of Sydney). Professor Morton clearly summarises each chapter in just a few … Continue reading
Posted in Books
Tagged capital, capitalism, economic history, growth, inequality, Political economy, state, taxation, Thomas Pikkety, wealth
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Economics of War — 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
Posted in Papers
Tagged economic history, fiscal sociology, growth, military–industrial complex, policy, Political economy, politics, war
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Paul Krugman: “Inequality is a Drag… Goodbye, trickle-down; hello, trickle-up.”
Paul Krugman: “If you look systematically at the international evidence on inequality, redistribution, and growth — which is what researchers at the IMF did — you find that lower levels of inequality are associated with faster, not slower, growth. Furthermore, … Continue reading
Why did the transition from socialism to capitalism result in economic growth in some countries and 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
Posted in Papers
Tagged Armenia, Azerbaijan, Belarus, capitalism, comparative political economy, Czech Republic, Estonia, fiscal sociology, Georgia, growth, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, neoliberalism, Poland, Post-communist countries, privatization, Russia, Slovakia, Slovenia, socialism, state, Tajikistan, Ukraine, Uzbekistan
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In “Politics and Culture in an Age of Austerity” Amitai Etzioni argues that human contentment is perhaps best found outside of the high-growth, high-consumption paradigm
The Great Recession forced many people around to cut back on consumption and is one reason that drives the rise of right-wing forces. One response to the downturn has been a call for a return to high-level growth and consumption of goods. By contrast, … Continue reading
Posted in Papers
Tagged consumption, Culture, growth, social interactions, social networks
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The development and transformation of clusters and industrial sectors in East and Southeast Asia
This new interesting volume Clusters and Economic Growth In Asia edited by Sören Eriksson (Jönköping University) deals with a number of important issues including the increasing relevance of cluster policies and the need to understand them in the context of the institutional … Continue reading
Progress for the Poor
One of the principal goals of antipoverty efforts should be to improve the absolute living standards of the least well-off. This book aims to enhance our understanding of how to do that, drawing on the experiences of twenty affluent countries … Continue reading
Posted in Books
Tagged growth, inequality, neoliberalism, poverty, social policy, taxation
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Pillars of Prosperity: The Political Economics of Development Clusters
“Little else is required to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things.” … Continue reading
Posted in Books
Tagged Adam Smith, growth, institutional change, law, politics, state, taxation
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