Tag Archives: markets

Finance under state capitalism: Re-conceptualising capital markets through China’s financial transformation

Posted on December 15, 2020 by Oleg Komlik

by Johannes Petry* When one thinks of China, burgeoning capital markets – the epitomisation of free market capitalism – are certainly not the first thing that spring to mind. By 1989, capital markets did not even exist in China. But … Continue reading →

Posted in Community members posts, Papers | Tagged China, Economic Sociology, financial system, financialization, institutions, markets, Political economy, state, varieties of capitalism | Leave a comment

Political Economy After Neoliberalism: A Manifesto for New Thinking

Posted on October 8, 2020 by Oleg Komlik

by Neil Fligstein and Steven Vogel* If anything could have dislodged the neoliberal doctrine of freeing the market from the government, you might have expected the coronavirus pandemic to do the trick. Of course, the same was said about the global financial … Continue reading →

Posted in Community members posts | Tagged comparative political economy, corporate governance, COVID-19, Economic Sociology, embeddedness, markets, neoliberalism, Political economy, power, shareholder value, state, varieties of capitalism | 5 Comments

Markets for Collective Concerns, Market Failures, and Policy-making

Posted on February 11, 2020 by Oleg Komlik

by Christian Frankel, José Ossandón and Trine Pallesen* As Foucault (2008) pointed out 40 years ago, the economic thinking of the Ordoliberals in Germany, the Chicago School in the United States, and Austrian economists such as Hayek, represented an important … Continue reading →

Posted in Community members posts, Papers | Tagged Economic Sociology, markets, policy, Political economy | Leave a comment

Are Entrepreneurs Dangerous to the Market Economy more than Marxists?

Posted on July 11, 2019 by Oleg Komlik

Yes — asserts regarding the odd question in the title one of the founders of Ordoliberalism Professor Franz Böhm: “The entrepreneurs […] in contrast with their emphatic declarations in favour of the market economy, are more inclined, at least, to … Continue reading →

Posted in Books, Oleg Komlik | Tagged entrepreneurship, Germany, law, markets, Marxism, neoliberalism, socialism, state | 2 Comments

Economic Sociology, Homo Economicus, and Performativity of Economics

Posted on July 7, 2018 by Oleg Komlik

It is never too late, nor too early, to reread and contemplate a good theory. For example, to mull over Michel Callon’s programmatic statement about the performativity of economics, presented two decades ago in the introduction to The Laws of the Markets: … Continue reading →

Posted in Books, Oleg Komlik | Tagged Economic Sociology, economics, markets, performativity | 2 Comments

Market Forecasting: A Sensitive Practice at the Heart of Neoliberal Capitalism

Posted on March 24, 2018 by Oleg Komlik

by Stefan Leins* Since the emergence of modern financial markets, financial analysts have played a critical role in producing visions of “the economy” and its future development. As experts, they analyze market developments and predict future scenarios that enable other financial … Continue reading →

Posted in Books, Community members posts | Tagged Economic Sociology, economics, ethnography, forecasting, markets, neoliberalism, social studies of finance | 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

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

Market Bubbles: Finance, Art, and the Golden Calf

Posted on June 23, 2017 by Oleg Komlik

Two overwhelming events occurred on September 15 and 16, 2008. The first is known to all, the second – to few — but a thread passes between them, showing the fabric of the current socio-economic and cultural system. On September 15 Lehman … Continue reading →

Posted in Art, Books, Oleg Komlik | Tagged Art, conspicuous consumption, financial crisis, financialization, markets | Leave a comment

Market is deceitful, and beauty is vain

Posted on August 10, 2016 by Oleg Komlik

“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 →

Posted in Books | Tagged ‪culture, consumerism, marketing, markets | 1 Comment

Market‬ vs. Civilization

Posted on May 18, 2016 by Oleg Komlik

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

Posted in Oleg Komlik | Tagged markets | 2 Comments

Markets, policy and sociology of economic immorality

Posted on January 16, 2016 by Oleg Komlik

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

Posted in Books, Papers | Tagged Economic Sociology, financial crisis, markets, morality, policy | Leave a comment

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

Posted on December 20, 2015 by Oleg Komlik

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 →

Posted in Books | Tagged financialization, markets, money | Leave a comment

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

Posted on October 12, 2015 by Oleg Komlik

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 →

Posted in Books, Oleg Komlik | Tagged economics, history of economic thought, ideas, markets, neoliberalism | Leave a comment

The political economy of pharmaceutical industry and healthcare in developing countries

Posted on September 19, 2015 by Oleg Komlik

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