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“What do border guards and central bankers have in common? Both operate, on a day-to-day basis, in political spaces exempt from many of the norms of liberal democratic politics and yet have the power to define and constrain them." Jacqueline Best presents thought-provoking discussion and arguments on the #power of technocratic exceptionalism https://economicsociology.org/2018/09/12/central-banks-technocratic-power-and-the-fear-of-democracy/ #politicaleconomy #Foucault #centralbank #neoliberalism #economicsB&B: Herbert #Marcuse // The Adjunct Crisis // Against #Capitalist Orthodoxy // #Gender and #finance // History of #taxing the #rich // (Im)mobility in the rural America // Inventing #Thanksgiving This time, especially worth reading and sharing articles: https://economicsociology.org/2018/09/07/bb-herbert-marcuse-the-adjunct-crisis-against-capitalist-orthodoxy-gender-and-finance-history-of-taxing-the-rich-immobility-in-the-rural-america-inventing-thanksgiving/ #economicsociologyTags
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Tag Archives: markets
Economic Sociology, Homo Economicus, and Performativity of Economics
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
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Market Forecasting: A Sensitive Practice at the Heart of Neoliberal Capitalism
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
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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Market Bubbles: Finance, Art, and the Golden Calf
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
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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
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
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
Posted in Books, Papers
Tagged Economic Sociology, financial crisis, markets, morality, policy
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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
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
