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ES/PE on Social Media
Tag Archives: money
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
Posted in Oleg Komlik
Tagged academia, democracy, media, money, public sociology, Thomas Piketty, wealth
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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
Posted in Books
Tagged capitalism, credit, debt, economic history, monetary system, money, state, United Kingdom
1 Comment
What is money? Can we grasp the current state of the economy as a crisis of money itself?
The latest crisis has incited substantial conversation about debt, banking, financialization, and the commodification of everyday life. All these issues are inherently related to money. But what exactly is money? Where does it come from? Who does make our money … Continue reading
Posted in Books
Tagged banking, capitalism, credit, crisis, debt, Economic Sociology, economics, money, valuation
2 Comments
“Debt: Ethics, the Environment and the Economy”: the concept of indebtedness in its various senses and perspectives
From personal finance and consumer spending to ballooning national expenditures on warfare and social welfare, debt is fundamental to the dynamics of global capitalism. This timely and broad volume, adited by Peter Y. Paik and Merry Wiesner-Hanks (University of Wisconsin-Milwaukee), … Continue reading
Posted in Books
Tagged capitalism, debt, Economic Sociology, environment, ethics, finance, money
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The history of money and its “divine” metamorphosis in the 20th century
A noted cultural anthropologist Professor Jack Weatherford observed in his fascinating The History of Money: “In the 20th century, we saw money turn rapidly from paper into plastic and then into mere electronic blips generated in computers, transferred over telephone … Continue reading
Posted in Books
Tagged banking, credit, economic anthropology, economic history, finance, money, policy
4 Comments
“Crisis, Value & Hope: Rethinking the Economy” — Current Anthropology special issue
“Crisis, value, and hope are three concepts whose intersection and mutual constitution open the door for a rethinking of the nature of economic life away from abstract models divorced from the everyday realities of ordinary people, the inadequacies of which … Continue reading
Posted in Papers
Tagged anthropology, credit, crisis, debt, financialization, money, valuation
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Constructing Markets for Credit Cards in Postcommunist Countries and demolishing myths about markets, money and globalization
In countries without a history of economic stability, how can banks decide who should be given a credit card? How do markets convince people to use cards, make their transactions visible to authorities, assume the potential risk of fraud, and … Continue reading
Posted in Books
Tagged consumption, credit cards, globalization, market evolution, money, Post-communist countries
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The Bank of England’s “Money Creation in the Modern Economy” erodes the mainstream economics and finance theory
Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits. … Continue reading
Posted in Papers
Tagged banking system, central banking, credit, economics, monetary system, money
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What Money Wants: An Economy of Desire
What in everyday life is an obvious truth, namely, that in some sense or another, people want money— is basically unthinkable in economic terms. Herein lies the starting point for the main argument of What Money Wants: An Economy of … Continue reading
Posted in Books
Tagged consumption, economics, Georg Simmel, Karl Marx, Max Weber, money, sociology of money, Thorstein Veblen
1 Comment
The Ascent of Money: A Financial History of The World
“The Ascent of Money: A Financial History of the World” is Harvard professor Niall Ferguson’s an (4 hours) television documentary, based on his famous book. Ferguson follows the money to tell the human story behind the evolution of finance, from … Continue reading
DEBT: The First 5,000 Years
Recently, we got used to see David Graeber on TV, as one of the unofficial leaders of the Occupy movement; so what could be a better occasion to feature his unique book Debt: The First 5,000 Years. Graeber, LSE professor … Continue reading
Economic Lives: How Culture Shapes the Economy
Over the past decades, economic sociology has been revealing how culture shapes economic life, turning a fascinating research field into a flourishing and increasingly influential discipline. Among the few who have played the key role in this development was Viviana Zelizer, … Continue reading
Posted in Books
Tagged capitalism, consumption, Culture, Economic Sociology, insurance, money
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