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In 1951 John Kenneth Galbraith wrote Milton Friedman to thank him for giving a lecture at #Harvard #economics department. This very short letter is not only a typical example for #Galbraith’s eloquence and sardonic phrasing, but underlines his ability to combine conceptual open-mindedness with a sincere standpoint of his own. Read, and more: https://economicsociology.org/2018/11/23/galbraith-vs-friedman-the-emancipation-of-belief-is-the-most-formidable-of-the-tasks-of-reform-the-one-on-which-all-else-depends/B&B: Tech companies love #dogs not unions // How US #conservative #elite persists // Male-dominated central banks // #India’s #demonetisation // The making of Tourist #Capitalism See the articles: https://economicsociology.org/2018/11/15/bb-tech-companies-love-dogs-not-unions-how-us-conservative-elite-persists-male-dominated-central-banks-indias-demonetisation-the-making-of-tourist-capitalism/Tags
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Recent Posts
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- Galbraith vs. Friedman — “The emancipation of belief is the most formidable of the tasks of reform, the one on which all else depends”
- B&B: Tech companies love dogs not unions // How US conservative elite persists // Male-dominated central banks // India’s demonetisation // The making of Tourist Capitalism
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Tag Archives: Karl Polanyi
Was Karl Polanyi wrong? Land, labor, and private authority in the global economy
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
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Karl Polanyi on the Rise of Fascism and Market Economy
A spectre is haunting Europe and the world — the spectre of Fascism (veiled as defensive democracy and common-sense patriotism) and authoritarian neoliberalism (disguised as social protectionism and perceived by laymen as decisive populism). The bothering question of our troubling present is not whether history repeats … Continue reading
The early Karl Polanyi: Interpreting “Socialist Accounting”
We are all Polanyians now. Karl Polanyi is probably one of the most famous theorists among social scientists today. It is almost impossible not to come across Polanyi’s citations and references in a very wide range of researches over the last … Continue reading
Posted in Papers
Tagged accounting, Economic Sociology, economics, Karl Polanyi, socialism
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The book of the year: “The Power of Market Fundamentalism: Karl Polanyi’s Critique”
In The Power of Market Fundamentalism: Karl Polanyi’s Critique Fred Block and Margaret R. Somers did a superb academic work, sagaciously encountering readers with a powerful intellectual legacy of Karl Polanyi through their insightful analysis of his writings, especially of his masterpiece … Continue reading
Posted in Books
Tagged market fundamentalism, Economic Sociology, Karl Polanyi, neoliberalism, Political economy
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Removing social support is necessary to compel the poor to work — what’s the origin of this erroneous political idea?
According to many neoliberal politicians and economists, assistance to the unemployed and poor always creates more of the poverty it aims to alleviate; therefore removing welfare benefits and social support is necessary to compel the poor and unemployed to work. What is the origin … Continue reading
Posted in Books
Tagged class, economic history, ideas, inequality, Karl Polanyi, neoliberalism, Political economy, poverty, United Kingdom, welfare
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Pope Francis, Thomas Piketty and Karl Polanyi featured the fascinating presidential address by Michael Burawoy at the International Sociological Association congress
Pope Francis, Thomas Piketty and Karl Polanyi featured the fascinating presidential address by Michael Burawoy “Facing the Unequal World: Challenges for Global Sociology” at the opening ceremony of the International Sociological Association congress at Yokohama, Japan (July 13-19, 2014). I … Continue reading
Karl Polanyi: “The market mechanism moreover created the delusion of economic determinism as a general law for all human society.. “
Karl Polanyi: “The market mechanism moreover created the delusion of economic determinism as a general law for all human society.. To attempt to apply economic determinism to all human societies is little short of fantastic. Nothing is more obvious to … Continue reading
Economic Anthropology
This new book lays out the most sophisticated history and practice of economic anthropology. The authors- Chris Hann and Keith Hart- show that anthropologists have contributed to understanding the three great questions of modern economic history: development, socialism and capitalism. … Continue reading
Posted in Books
Tagged capitalism, development, economic anthropology, Karl Polanyi, socialism
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Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century
In this remarkably rigorous, original, and enlightening book Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century Mark Blyth (Brown University) argues that economic ideas are powerful tools as used by actors and groups to effect change since whoever defines what … Continue reading
Posted in Books
Tagged capitalism, ideas, institutional change, interest groups, Karl Polanyi, New institutionalism
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