Tag Archives: neoliberalism

Foucault: Neoliberalism Redefined Homo Economicus

Michel Foucault, a lecture at the Collège de France, March 1979: “The characteristic feature of the classical conception of homo economicus is the partner of exchange and the theory of utility based on a problematic of needs. In neo-liberalism — … Continue reading

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Polanyi’s Prescience: Covid-19, Market Utopianism, and the Reality of Society

by Margaret Somers and Fred Block * One of Karl Polanyi’s fundamental concepts is ‘the reality of society’, a term he uses in The Great Transformation (TGT) (Polanyi 1944/2001) to contest the idealised model of the autonomous self-regulating market. Modern … Continue reading

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Political Economy After Neoliberalism: A Manifesto for New Thinking

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

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The Future of Work

“I can’t remember — do I work at home or do I live at work?“ See below insightful books on various aspects of the phenomenon reflected in the cartoon. The point is, although they were written in the pre-COVID-19 world, … Continue reading

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The Long Divorce Between the Economy and Financial Markets

by Ken-Hou Lin and Megan Tobias Neely* As the coronavirus spread around the world, the global economy entered a recession unprecedented in scale. The World Bank predicts a 5.2 percent economic contraction by the end of this year—the largest downturn … Continue reading

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How Did Corporations Spread CSR from the US to the Rest of the World?

by Rami Kaplan & Daniel Kinderman* Why do firms adopt Corporate Social Responsibility (CSR) practices? How does CSR spread across the globe? Our paper “The Business-Led Globalization of CSR” provides surprising answers to these most fundamental questions, based on the … Continue reading

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“Herd Immunity” is Epidemiological Neoliberalism

by Isabel Frey* While most European countries are imposing lockdowns to stop the spread of the coronavirus, a few countries are opting for a different strategy: herd immunity. Instead of testing as many people as possible and implementing measures to … Continue reading

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The Probable Implications of the Coronavirus Crisis — Costas Lapavitsas, Katharina Pistor, David Runciman

> Costas Lapavitsas: “This Crisis has exposed the absurdities of Neoliberalism. That doesn’t mean it’ll destroy it… The nation-state has always been at the heart of neoliberal capitalism, guaranteeing the class rule of the dominant corporate and financial bloc through … Continue reading

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The Probable Implications of the Coronavirus Crisis — David Harvey, William Davies, Ivan Krastev

> David Harvey: “Forty years of neoliberalism… had left the public totally exposed and ill-prepared to face a public health crisis of this sort… In many parts of the supposed “civilized” world, local governments and state authorities, which invariably form … Continue reading

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The Probable Implications of the Coronavirus Crisis — Adam Tooze, Judith Butler, Radhika Desai

> Radhika Desai: “The present pandemic is certain to be different not because it is more lethal than previous ones (it is not), nor because it is causing havoc in financial markets (as most crises of neoliberal era have), but … Continue reading

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Neoliberalism, Varieties of Capitalism, and Coronavirus

Since Neoliberalism shaped and fortified the notion that ‘the economy’ precedes ‘society’, now that Coronavirus crisis requires to put society first — this is perceived by many as simply illogical and capricious. Looking at the crisis around the world demonstrates … Continue reading

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Jacques Chirac: Tony Blair is New Labour, which means he’s several steps to the right of conservatives

“[Jacques Chirac] was a conservative. He was intrigued by New Labour. Sometimes he used to say “Tony Blair is New Labour, which means he’s several steps to the right of me”.” (Tony Blair, September 26, 2019) These excellent books elaborate … Continue reading

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Is the United States the Champion of Global Finance or its Victim? A New Look at the Fed’s Low-inflation Policy

By Arie Krampf* My article “Monetary Power Reconsidered: The Struggle between the Bundesbank and the Fed over Monetary Leadership”, recently published in International Studies Quarterly, contributes to the burgeoning literature that challenges the US-hegemony hypothesis in the global financial sub-order. It … Continue reading

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Manufacturing Personal Happiness

by Edgar Cabanas‏* Happiness is one of the most pervasive, fast-spreading, and controvertible phenomena of the twentieth century. Grown into an obsessive pursuit, a lucrative industry, and a flawed albeit very popular science, the pursuit of happiness has woven itself … Continue reading

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Neoliberalism. A critical reader.

got banned from the library for moving all the books on trickle down economics to the mythology section (@Nasharchy, May 11, 2017) *** Join Economic Sociology and Political Economy community via Facebook / Twitter / LinkedIn / Instagram / Tumblr / Reddit / Telegram

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