Tag Archives: institutions

The Growth of Shadow Banking and State-Finance Relations

Posted on August 15, 2019 by Oleg Komlik

by Matthias Thiemann* How can we understand the growth of a system of credit provisioning outside of the realm of bank regulation since the 1970s which linked non-banks and banks in a convoluted system of market-based banking, securitization and wholesale … Continue reading →

Posted in Books | Tagged banking, finance, France, Germany, institutions, Netherlands, regulation, United States, varieties of capitalism | Leave a comment

The 2019 Zelizer Award for Best Book in Economic Sociology goes to ‘Starving the Beast’ by Monica Prasad

Posted on July 23, 2019 by Oleg Komlik

Northwestern University scholar Monica Prasad is the winner of the 2019 Zelizer Book Award given by the American Sociological Association’s Economic Sociology section for an outstanding book in the field. Prasad will receive the Award for her superb book Starving … Continue reading →

Posted in Book Awards, Books | Tagged economic history, fiscal sociology, institutions, neoliberalism, policy, Political economy, state, taxation, varieties of capitalism | Leave a comment

The IMF’s Reconstruction of Economic Orthodoxy since the Crash

Posted on June 29, 2018 by Oleg Komlik

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 | Leave a comment

Was Karl Polanyi wrong? Land, labor, and private authority in the global economy

Posted on May 26, 2018 by Oleg Komlik

by Tim Bartley* Karl Polanyi famously argued that land, labor, and money are “fictitious commodities.” They cannot be fully subjected to the dictates of the market without spurring backlashes that seek to re-embed them in society. It is easy to … Continue reading →

Posted in Books, Community members posts | Tagged China, Economic Sociology, glocalization, Indonesia, institutions, Karl Polanyi, labor, land, norms, Political economy, regulation | Leave a comment

Marketcraft as the New Statecraft

Posted on March 11, 2018 by Oleg Komlik

by Steven K. Vogel* What if we thought of marketcraft (market governance) as a core government function comparable to statecraft? And what if we sought to optimize market governance rather than to minimize government intervention? I submit that this simple … Continue reading →

Posted in Books, Community members posts | Tagged deregulation, embeddedness, institutional change, institutions, liberalization, markets, Political economy, Regulatory State, state | 1 Comment

Joseph Schumpeter: Social structures are coins that do not readily melt

Posted on January 11, 2018 by Oleg Komlik

Economic sociologists an political economists will surely discern the grace and insight in the following Joseph Schumpeter’s quote (from his magnum opus Capitalism, Socialism and Democracy), which beautifully describes the essence of institutions, their socio-historical embeddedness, as well as their persistence in front of … Continue reading →

Posted in Books, Oleg Komlik | Tagged Economic Sociology, embeddedness, institutional change, institutions | 2 Comments

China is getting on wheels: varieties of development, car market reform and globalization

Posted on October 25, 2017 by Oleg Komlik

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 | Leave a comment

How 19th century finance and housing associations shaped 20th century housing regimes in Germany and the United States

Posted on April 8, 2017 by Oleg Komlik

Why has Germany become a country of tenants with a housing policy directed at private and public rental construction? On the other hand, why has the United States turned into a homeownership country? In an interesting article, Sebastian Kohl (University … Continue reading →

Posted in Papers | Tagged comparative political economy, economic history, finance, Germany, housing, institutions, policy, United States, urban policy | 1 Comment

The politics of fiscal policies: the lessons of history

Posted on July 23, 2015 by Oleg Komlik

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 →

Posted in Books | Tagged economic history, fiscal sociology, institutional change, institutions, policy, politics, taxation, varieties of capitalism | Leave a comment

Law and labor in the American political economy

Posted on July 16, 2015 by Oleg Komlik

In 1906, a German distinguished (somewhat neglected) economist and sociologist Werner Sombart published Why is there no Socialism in the United States? – a book which will become a famous work on American exceptionalism in this respect to this day. There are a number of … Continue reading →

Posted in Papers | Tagged economic history, institutions, law, policy, Political economy, Unions, United States | Leave a comment

Economic Consequences of Neoliberalism: Coping with Financial Crises

Posted on June 27, 2015 by Oleg Komlik

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

Posted on May 30, 2015 by Oleg Komlik

“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 | Leave a comment

Emile Durkheim’s definition of Economic Sociology

Posted on May 28, 2015 by Oleg Komlik

Emil Durkheim’s precisely short and comprehensively rich definition of Economic Sociology: “There are the economic institutions: institutions relating to the production of wealth (serfdom, tenant farming, corporate organization, production in factories, in mills, at home, and so on), institutions relating … Continue reading →

Posted in Oleg Komlik | Tagged Economic Sociology, institutions | 3 Comments

Democracy matters: the extension of the franchise and its impact on financial systems

Posted on May 22, 2015 by Oleg Komlik

For centuries, voting rights were limited to wealthy elites, aristocrats, and landlords. For instance, the electorate in England and Wales in 1780 consisted of less than 3% of the total population. Suffrage reforms, enacted during the late 19th and the 20th … Continue reading →

Posted in Papers | Tagged banking system, capital, democracy, elites, financial system, institutional change, institutions, Political economy, varieties of capitalism | Leave a comment

Free trade politics, the power of ideas and political economy of European integration

Posted on April 21, 2015 by Oleg Komlik

“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 →