Tag Archives: markets

Market is deceitful, and beauty is vain

“The rise of consumerism led the body image industries to develop a sure-fire formula for success: promote a thin ideal of beauty that the majority of women can never attain and thereby create virtually infinite demand among consumers. The irony … Continue reading

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Market‬ vs. Civilization

True story (The photo taken in Gatineau, Quebec, Canada on the road to the Museum of Civilization) *** Join the Economic Sociology and Political Economy community through Facebook / Twitter / LinkedIn / Google+ / Instagram / Reddit / Tumblr

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Markets, policy and sociology of economic immorality

In a highly influential book Situating the Self: Gender, Community and Postmodernism in Contemporary Ethics, a distinguished philosopher Seyla Benhabib (Yale University) argued that: “Moral judgment is what we ‘always already’ exercise in virtue of being immersed in a network of human relationships … Continue reading

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Baudrillard on money, speculation and the self-destabilization of markets

Jean Baudrillard: “There is something much more shattering than inflation, however, and that is the mass of floating money whirling about the Earth in an orbital rondo. Money is now the only genuine artificial satellite. A pure artifact, it enjoys … Continue reading

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Believe it or not — the Nobel Prize in Economic Sciences committee’s reasoning for awarding Milton Friedman. You better believe it! He believed…

Apparently, it’s all about belief… “A large part of Friedman’s conclusions about the possibilities of economic policy is based on his liberal belief in the positive, built-in properties of a functioning market economy.” (“The Prize in Economics 1976 – Presentation … Continue reading

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The political economy of pharmaceutical industries and healthcare in developing countries

Do economic development  and growth more or less automatically bring with them better medical care and health to the population of a country? Well, it is generally presumed that they do. This assumption is also a core part of a … Continue reading

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What is Economic Sociology?

What is Economic Sociology? What is embeddedness? How are markets made and where do markets come from? How do politics, networks and culture matter? What are the institutions of political economy? and How does capitalism differ among countries? Well, our community is built to tackle these fundamental and … Continue reading

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Religion, “free trade” and faithful globalization: producing a sacred vision of the economy

Religious groups are nor just active on economic issues. Religious leaders and groups can play a crucial role in economic and political life through their discourse; such discourse is a central way that they produce the sacred in the economic … Continue reading

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How slavery shaped the market economy and abolitionism gave rise to ideals of human rights?

For over three centuries enslavement promoted the rise of capitalism in the Atlantic world, but study of slavery as a pivotal force in western ascendancy and dominance is still mostly neglected. In The American Crucible: Slavery, Emancipation and Human Rights, … Continue reading

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Why the East India Company became the most powerful business‬ in history? Because it granted its employees the right to pursue their own commercial interests

Exploring trade network dynamics, decision-making processes and organizational context, in an extraordinary Between Monopoly and Free Trade: The English East India Company, 1600–1757 Emily Erikson (Yale University) demonstrates why the English East India Company was a dominant force in the … Continue reading

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