Tag Archives: Political economy

Race, Class and Identity Politics

by Kaveh Yazdani* Of late, numerous liberal, right-wing and even some leftist journalists, academics and politicians have readily embraced the prism of “leftist identity politics”. More often than not, they have done so under the cloak of liberal universalism by … Continue reading

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How Capitalism Survives: Social Theory and Structural Change

by Francesco Boldizzoni* For as long as neoliberalism – the face that capitalism has assumed since the 1980s – has been showing signs of aging, there has been a tendency to view every crisis as a harbinger of impending epochal … Continue reading

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

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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Finance under state capitalism: Re-conceptualising capital markets through China’s financial transformation

by Johannes Petry* When one thinks of China, burgeoning capital markets – the epitomisation of free market capitalism – are certainly not the first thing that spring to mind. By 1989, capital markets did not even exist in China. But … 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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Rethinking Central Bank Independence

by Vadym Syrota* Nowadays global economy faces a slightly controversial type of crisis: despite looming economic recession, states, business and households find themselves in the environment of, what The Economist called, “free money”. Central banks are to be credited for … Continue reading

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American Sociology’s Emergence and Separation from Political Economy

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

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

“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

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?

“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

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.

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

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

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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