Tag Archives: money

The Melodramatic Side of Political Economy

Miss Prism: “Cecily, you will read your Political Economy in my absence. The chapter on the fall of the Rupee you may omit. It is somewhat too sensational. Even these metallic problems have their melodramatic side.” Cecily [Picks up books and throws … Continue reading

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Galore

Galore Money fills our body to the brim, creates our shape, our taste, the so-called self-esteem. The shiny teeth earmark our polished fame, the slickness crystallized since money rinsed our shame into a sewer of repressed self-blame.         … Continue reading

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Being the 1%, or What It Means to Be Entitled

by Rachel Sherman*  Most contemporary research on economic inequality focuses on the causes, contours, and consequences of unequal distributions of resources. But how they do such distributions become legitimate? Why do people accept them, and even take them for granted? Why … Continue reading

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The Role of Money in Social Life: Morality and Power in the World of the Poor

by Ariel Wilkis* “Perhaps behind the coin is God.” — Jorge Luis Borges, The Zahir (1949)  My book The Moral Power of Money: Morality and Economy in the Life of the Poor (Stanford University Press, 2017) offers a new focus for … Continue reading

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The Hardship of Accounting

Never ask of money spent Where the spender thinks it went. Nobody was ever meant To remember or invent What he did with every cent. — “The Hardship of Accounting“ by Robert Frost,        A Further Range, 1936 *** … Continue reading

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Yes We Got Money

That money talks, I’ll not deny, I heard it once: It said, ‘Goodbye’. (Richard Armour) “Yes We Got Money” by Klaus Langer *** Join the Economic Sociology and Political Economy community via Facebook / Twitter / LinkedIn / Google+ / Instagram / Tumblr

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What is Money?

“Money is not a “mere voucher for unspecified utilities”, which could be altered at will without any fundamental effect on the character of the price system as a struggle of man against man. “Money” is, rather, primarily a weapon in … Continue reading

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Fictionalizing the Economy and Reviewing Imagined Futures of Capitalism

by Lars Crusefalk* In the book Imagined Futures – Fictional Expectations and Capitalist Dynamics, a leading economic sociologist Jens Beckert argues that social scientists need to put more emphasis on how actors in modern capitalistic societies handle uncertainty in relation to … Continue reading

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“I listen to money singing… It is intensely sad.”

  “Money”, by  Philip Larkin  Quarterly, is it, money reproaches me: ‘Why do you let me lie here wastefully? I am all you never had of goods and sex. You could get them still by writing a few cheques.’ So … Continue reading

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Value and its enigmas: from stained cloths to matrimonial alliances

by André Vereta Nahoum Since the days economics was basically a British endeavour, the production of value (and price formation) has been one of the most fiercely debated topics of the discipline. Such is the centrality of the issue at stake … Continue reading

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Songs of Society and Market

We are very glad to roll out a new section on the Economic Sociology and Political Economy community blog: Songs of Society and Market. Given the centrality of economic transactions to our lives, it is no surprise that they constitute a common motive … 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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The Alienated Consciousness, Homo Economicus and Capitalism

Norman O. Brown, a brilliant American scholar and social philosopher: “The alienated consciousness is correlative with a money economy. Its root is the compulsion to work. This compulsion to work subordinates man to things, producing at the same time confusion in the valuation of … Continue reading

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Thomas Piketty: “Take a serious interest in money… Those who have a lot of it never fail to defend their interests.”

These are Thomas Piketty’s  last words in his ground-shaking Capital in the Twenty-First Century. The Economic Sociology and Political Economy global community proudly realizes their prescriptive meaning: “All social scientists, all journalists and commentators, all activists in the unions and in politics of … Continue reading

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Money is a mode of governance in a material world of capitalism

Money travels the modern world in disguise. It looks like a convention of human exchange – a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution … Continue reading

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