Tag Archives: Political economy

American Sociology’s Emergence and Separation from Political Economy

Posted on July 25, 2020 by

Rereading Philippe Steiner’s excellent, thorough and highly recommended Durkheim and the Birth of Economic Sociology (2011) — in which Steiner argues that there were two stages in Durkheim’s approach to the economy: a sociological critique of political economy and a sociology … Continue reading →

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

Posted on February 11, 2020 by

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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Political Economy: Origins, Meanings, Changes

Posted on September 14, 2019 by

“Political economy should be a human science.”                                                                    … 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

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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Neither Market Nor State?

Posted on July 19, 2019 by

“And what if the choice had never been between Market and State organizations, between liberals and socialists, but instead between those who believe in the miracles of a pre-established harmony and those who refuse to ‘believe in miracles’? Could we … Continue reading →

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German New Economic Sociology and the Max Planck Institute for the Study of Societies

Posted on March 1, 2019 by

The new much-anticipated discussion paper by John Wilkinson (Federal Rural University of Rio de Janeiro) provides a thoughtful and comprehensive survey of German new economic sociology with a special focus on the contributions of the Max Planck Institute for the Study … Continue reading →

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Did Neoliberalism and Austerity Cause Brexit? Yes.

Posted on August 14, 2018 by

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 IMF’s Reconstruction of Economic Orthodoxy since the Crash

Posted on June 29, 2018 by

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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Was Karl Polanyi wrong? Land, labor, and private authority in the global economy

Posted on May 26, 2018 by

by Tim Bartley* Karl Polanyi famously argued that land, labor, and money are “fictitious commodities.” They cannot be fully subjected to the dictates of the market without spurring backlashes that seek to re-embed them in society.  It is easy to … Continue reading →

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Marketcraft as the New Statecraft

Posted on March 11, 2018 by

by Steven K. Vogel* What if we thought of marketcraft (market governance) as a core government function comparable to statecraft? And what if we sought to optimize market governance rather than to minimize government intervention? I submit that this simple … Continue reading →

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

Posted on December 16, 2017 by

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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What is’t to us if taxes rise or fall? Thanks to our fortune, we pay none at all

Posted on September 14, 2017 by

The 18th-century English poet and satirist Charles Churchill wrote the following witty and sharp words, jeering and criticizing the aristocracy and the establishment of his time. The cit, a common-councilman by place, Ten thousand mighty nothings in his face, By situation … Continue reading →

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Theodor Adorno on the division between economics and sociology

Posted on June 4, 2017 by

In May-July 1968, Theodor W. Adorno, an eminent philosopher, sociologist and one of the founders of the Frankfurt School of Critical Theory, gave his last lecture series which were published in 2000 as Introduction to Sociology. In these accessible and lucid … Continue reading →

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David Ricardo: What is the Key Problem in Political Economy?

Posted on April 21, 2017 by

David Ricardo (1772 – 1823) was a prominent classical economist who gave systematized form to the rising discipline of ‘economics’, rightly termed then as ‘political economy’. The opening paragraph of his book On The Principles of Political Economy and Taxation (1817) contributes to … Continue reading →

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The Political Economy and Economic Sociology of Brexit

Posted on February 18, 2017 by

In the beginning, it is said, was Brexit. “Brexit is a revolution”, it is said from the right and by the left. Revolution, though, is a Janus-faced concept that “evokes dialectically linked oppositions: light and darkness; rupture and continuity; liberation and oppression; … Continue reading →

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