Tag Archives: policy

The Paradigm Shift in Political Economy and the Failure of the Mont Pelerin ideas

Posted on March 26, 2021 by Oleg Komlik

by Vadym Syrota* The current period of socio-economic development across the globe is featured by the paradigm shift in dominant economic theory similar to the one that took place in 1970-80s. The appearance of Friedrich Hayek’s The Road to Serfdom (1944) … Continue reading →

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‘American Bonds’ by Sarah Quinn — The Best Book in Economic Sociology and Political Economy for 2020

Posted on December 26, 2020 by Oleg Komlik

The ES/PE global academic community is pleased to announce the granting of the Best Book in Economic Sociology and Political Economy Award for 2020 to Sarah Quinn‘s superb, enlightening, thoroughly researched and engagingly written American Bonds: How Credit Markets Shaped a … Continue reading →

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“Herd Immunity” is Epidemiological Neoliberalism

Posted on April 24, 2020 by Oleg Komlik

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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Keeping Business Alive: The Government as a Payer of Last Resort

Posted on March 22, 2020 by Oleg Komlik

by Emmanuel Saez & Gabriel Zucman* The coronavirus threatens the world’s economic life. The most important message that needs to come from heads of state immediately, even before any new law or complete implementation details are provided, is: “Do not … Continue reading →

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Markets for Collective Concerns, Market Failures, and Policy-making

Posted on February 11, 2020 by Oleg Komlik

by Christian Frankel, José Ossandón and Trine Pallesen* As Foucault (2008) pointed out 40 years ago, the economic thinking of the Ordoliberals in Germany, the Chicago School in the United States, and Austrian economists such as Hayek, represented an important … Continue reading →

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The 2019 Zelizer Award for Best Book in Economic Sociology goes to ‘Starving the Beast’ by Monica Prasad

Posted on July 23, 2019 by Oleg Komlik

Northwestern University scholar Monica Prasad is the winner of the 2019 Zelizer Book Award given by the American Sociological Association’s Economic Sociology section for an outstanding book in the field. Prasad will receive the Award for her superb book Starving … Continue reading →

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Did Neoliberalism and Austerity Cause Brexit? Yes.

Posted on August 14, 2018 by Oleg Komlik

While the Brexit process is underway and UK politicians are tearing themselves apart over this overwhelmingly and multidimensionally complicated  issue, an economics professor from Warwick University Thiemo Fetzer provides ample and comprehensive evidence that the austerity-induced withdrawal of the welfare state brought about by the Conservative-led … Continue reading →

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The Sociology of Quantification: Seeing like Numbers

Posted on July 29, 2018 by Oleg Komlik

Elizabeth Popp Berman and Dan Hirschman have recently published in Contemporary Sociology a worth reading review essay called “The Sociology of Quantification: Where Are We Now?” In this article, which is definitely more than a ‘regular’ review, they do not … Continue reading →

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The IMF’s Reconstruction of Economic Orthodoxy since the Crash

Posted on June 29, 2018 by Oleg Komlik

by Ben Clift* Analysing how the International Monetary Fund (IMF) contributes to prevailing understandings of sound economic policy reveals how economic orthodoxy is historically contingent, and throws into relief the malleability of economic policy credibility. These indirect IMF attempts to … Continue reading →

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Foucault: Neoliberalism is not laissez-faire, but permanent vigilance, activity, and intervention

Posted on January 29, 2018 by Oleg Komlik

The following Michel Foucault’s sharp insights on neoliberalism were presented during his lecture series “The Birth of Biopolitics” at the Collège de France in 1979 — a few months before Thatcher and Reagan took power, but several decades after Walter Lippmann, … Continue reading →

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World Inequality Report 2018: Great Data, Bright Analysis, Perturbing Reality

Posted on December 16, 2017 by Oleg Komlik

The World Inequality Lab led by Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Facundo Alvaredo and Lucas Chancel released today the first of its kind World Inequality Report 2018. The Report aims to become the comprehensive reference report on income and wealth inequality around … Continue reading →

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The Washington Consensus: Sociology of Economics and History of Ideas

Posted on September 19, 2017 by Oleg Komlik

In 1989, John Williamson, a fellow at the Institute for International Economics in Washington, DC which previously advised the World Bank and the International Monetary Fund, presented a background paper to a conference aimed to explore how extensive were the policy reforms that were then … Continue reading →

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Joan Robinson: Solutions offered by economists are no less delusory than those of the theologians

Posted on May 1, 2017 by Oleg Komlik

The brilliant Joan Robinson concludes her insightful book Economic Philosophy: “The neo-classical heritage still has a great influence, not only on the teaching of economics but in forming public opinion generally, or at least in providing public opinion with its … Continue reading →

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How 19th century finance and housing associations shaped 20th century housing regimes in Germany and the United States

Posted on April 8, 2017 by Oleg Komlik

Why has Germany become a country of tenants with a housing policy directed at private and public rental construction? On the other hand, why has the United States turned into a homeownership country? In an interesting article, Sebastian Kohl (University … Continue reading →

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Why is there no labor party in the United States? Look at Canada to find out

Posted on June 2, 2016 by Oleg Komlik

In 1906, a German distinguished (somewhat neglected) economist and sociologist Werner Sombart published Why is there no Socialism in the United States? – a book which will become a famous work on American exceptionalism to this day (along with a pioneering and penetrative  Democracy in America, by Alexis de … Continue reading →

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