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"got banned from the #library for moving all the #books on trickle down #economics to the #mythology section" https://economicsociology.org/2019/09/20/neoliberalism-a-critical-reader/ #neoliberalismThe definition of Political Economy — as a scholarly discipline, a research topic, a sphere of society, or the realm of polity — has gone through many incarnations over the years. A new interesting and instructive paper by Renate Mayntz proficiently addresses the disputed aspects, changing facets and some conventions of #politicaleconomy, and then shows how they are expressed in #research. >> As the new academic year begins, I would like to use this opportunity to Thank You for being here. Invite your colleagues, students & friends to join our common cause https://economicsociology.org/2019/09/14/political-economy-origins-meanings-changes/ #economicsociology #economics #economichistory #sociology #capitalismTags
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Tag Archives: ideas
Finance, Class, and the Birth of Neoclassical Economics: The Marginalist Revolution Revisited
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
Posted in Community members posts, Papers
Tagged Culture, economics, history of economic thought, ideas, sociology of knowledge, valuation
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The IMF’s Reconstruction of Economic Orthodoxy since the Crash
by Ben Clift* Analysing how the International Monetary Fund (IMF) contributes to prevailing understandings of sound economic policy reveals how economic orthodoxy is historically contingent, and throws into relief the malleability of economic policy credibility. These indirect IMF attempts to … Continue reading
Posted in Books, Community members posts
Tagged economics, Eurozone crisis, financial crisis, fiscal policy, ideas, IMF, institutions, policy, Political economy
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China is getting on wheels: varieties of development, car market reform and globalization
by Qiushi Feng* China is getting on wheels. Over the past three decades, with unparalleled speed, China has emerged as the world’s largest producer and consumer of passenger cars. Such a rapid growth is accompanied by profound changes of the … Continue reading
Posted in Books, Community members posts
Tagged China, development, globalization, ideas, institutions, markets, varieties of capitalism
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The Washington Consensus: Sociology of Economics and History of Ideas
In 1989, John Williamson, a fellow at the Institute for International Economics in Washington, DC which previously advised the World Bank and the International Monetary Fund, presented a background paper to a conference aimed to explore how extensive were the policy reforms that were then … Continue reading
Posted in Oleg Komlik, Papers
Tagged ideas, IMF, institutional change, neoliberalism, policy, Sociology of economics, World Bank
2 Comments
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
Posted in Oleg Komlik
Tagged ecology, economics, environment, ideas, sharing economy
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Disentangling Neoliberalism: the key concepts
Neoliberalism has become an omnipresent term. Due its increasing pervasiveness into academic, political and media discourses, some perceive neoliberalism as an omnipotent phenomenon that explains everything, while others see it as a vague buzzword that hardly means something. Surveying this blog, for example, under the tag … Continue reading
Posted in Books
Tagged discourse, Economic Sociology, ideas, neoliberalism, Political economy
1 Comment
Neoliberalism and the political economy of corporate governance
Major corporate frauds and scandals since the early 2000s (e.g. WorldcCom, Enron, Arthur Andersen, Bear Stearns, Lehman Brothers) and the 2008 financial crisis have not just exposed the inherent destructiveness of the neoliberal economy and economics, but also turned the crucially important spotlight towards … Continue reading
Posted in Papers
Tagged corporate governance, ideas, law, neoliberalism, Political economy, shareholder value, varieties of capitalism
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Albert Einstein on the power of ideas and imagination in science
What do economic sociology and political economy, or social and political sciences in general, have to do with Albert Einstein?.. you might probably ask. Well, they do — and hopefully at the end of this post you will agree with me. I … Continue reading
Economic Consequences of Neoliberalism: Coping with Financial Crises
John Maynard Keynes: “The power to become habituated to his surroundings is a marked characteristic of mankind. Very few of us realize with conviction the intensely unusual, unstable, complicated, unreliable, temporary nature of the economic organization by which Western Europe … Continue reading
Posted in Papers
Tagged crisis, Europe, ideas, institutions, neoliberalism, policy, Political economy
3 Comments
Economic culture in the public sphere: practice, knowledge and discourse
“Economic Culture in the Public Sphere” is the topic of the European Journal of Sociology special issue, edited by Nina Bandelj, Lyn Spillman & Frederick F. Wherry. This very interesting collection of articles deals with the important question of how public understandings … Continue reading
Posted in Papers
Tagged Culture, diffusion, Economic Sociology, economics, ideas, institutional change, institutions, knowledge, policy
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Free trade politics, the power of ideas and political economy of European integration
“The bourgeoisie… has resolved personal worth into exchange value, and in place of the numberless indefeasible chartered freedoms, has set up that single, unconscionable freedom—Free Trade. In one word, for exploitation, veiled by religious and political illusions, it has substituted … Continue reading
Posted in Books
Tagged European Union, global political economy, globalization, ideas, institutions, neoliberalism, policy, politics, trade
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Causes of poverty: perceptions, ideas and policy making
The former chairman of the Federal Reserve Ben Bernanke recently said the “the greatest forces in Washington are ideas, and people prepared to act on those ideas.” (2013: 5). The following research demonstrates this power of ideas. Much of the research explaining … Continue reading
Posted in Papers
Tagged ideas, inequality, neoliberalism, policy, politics, poverty, United States
1 Comment
In economic policymaking ideas matter. But how and whose? Campbell and Pedersen have insightful answers
John Maynard Keynes has famously said: “The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood.” In politics, policymaking and in the economy, ideas matter indeed. … Continue reading
Neoliberalism in the Global South: the shift in development strategies
Despite the fact that the first substantially neoliberal regime was actually in the far South, the civil-military dictatorship in Chile, neoliberalism is generally attributed to western and developed countries. “Where in the world does Neoliberalism come from? The market agenda … Continue reading
Posted in Books
Tagged development, diffusion, Global south, globalization, ideas, knowledge, land, military, neoliberalism, state, trade
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