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Pierre #Bourdieu: "Economism is a form of ethnocentrism". #EconomicSociology of Bourdieu is very rich and brilliantly enlightening, as well as non-univocal, and theoretically and intellectually multifaceted. Read the following excerpt in which he insightfully elaborates on the concept of Economism and its meanings https://economicsociology.org/2017/07/19/pierre-bourdieu-economism-is-a-form-of-ethnocentrism/A thoughtful and interesting overview of German New #EconomicSociology with a focus on the intellectual contribution of the Max Planck Institute for the Study of Societies in Cologne - by John Wilkinson https://economicsociology.org/2019/03/01/german-new-economic-sociology-and-the-max-planck-institute-for-the-study-of-societies #sociology #politicaleconomy #financializationTags
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Tag Archives: models
Who is in Control of Markets: Humans or Financial Models?
by Ekaterina Svetlova* The recent stock market correction raised again the question of who is in control of markets: humans or technology. Nasdaq CEO Adena Friedman said on CNBC that „humans are definitely in charge of the decisions in the market” … Continue reading
Should We Trust Economists? Are they charlatans, to be scorned as medieval cranks? – deliberates professor of finance Noah Smith
“To start, we need to talk briefly about what it is economic theorists do. Essentially, they make models, which are mathematical tools that are supposed to describe how the economy functions. The problem is that economists haven’t really built a … Continue reading
