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ES/PE on Social Media
Tag Archives: power
Thorstein Veblen on Business Interests in Education and Media
Thorstein Veblen’s The Theory of Business Enterprise (1904) is a superb political economy book in which this original economist, talented sociologist and influential intellectual analyzed the growing corporate domination of culture, society and the economy in the US at the dawn … Continue reading
Posted in Books, Oleg Komlik
Tagged capitalism, education, interest groups, media, power, Thorstein Veblen
1 Comment
Corporate Bodies Have No Soul
William Hazlitt (1778 – 1830) was an English essayist, writer, and social commentator. He is considered one of the greatest masters of the English language, but despite his very high standing among historians of literature and art, his work is … Continue reading
Capitalism: A Journal of History and Economics
As we are living in the present when tragedy and farce mix and make the past look oracular, a new history of Capitalism must be introduced for the sake of the future. The new year brought with it a much-needed … Continue reading
Posted in Papers
Tagged capitalism, economics, finance, history, power, slavery, taxation
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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
Posted in Community members posts, Papers
Tagged Bundesbank, central banking, Fed, Germany, globalization, inflation, monetary policy, neoliberalism, power, United States
7 Comments
Democratizing Finance: Reducing Inequalities of Income, Wealth and Power
Politics & Society has just published a thought-provoking special issue titled “Democratizing Finance”. This very interesting collection of papers resulted from a workshop organized in July 2018 by the late Erik Olin Wright as part of his inspiring Real Utopias Project. … Continue reading
Posted in Papers
Tagged central banking, democracy, Erik Olin Wright, finance, inequality, money, power, wealth
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Gramsci on the State, the Proprietorial Class, and the Sovereign Laws of Capitalism
“In the sphere of general capitalist activity, even the worker operates on the plane of free competition, is a citizen-individual. But the starting conditions of the struggle are not equal for all, at the same time: the existence of private … Continue reading
The Role of Money in Social Life: Morality and Power in the World of the Poor
by Ariel Wilkis* “Perhaps behind the coin is God.” — Jorge Luis Borges, The Zahir (1949) My book The Moral Power of Money: Morality and Economy in the Life of the Poor (Stanford University Press, 2017) offers a new focus for … Continue reading
Posted in Books, Community members posts
Tagged Argentina, community, ethnography, money, morality, politics, poverty, power, social networks, sociology of money, welfare
1 Comment
Framing Value of Things and Making Things Valuable
My experiences at Asian floating markets have included constant conversations between me and merchants, and thereafter between me and myself, such as: “How much is it?” — “How much do you want to give me?”, he replies. “How much was … Continue reading
What is Money?
“Money is not a “mere voucher for unspecified utilities”, which could be altered at will without any fundamental effect on the character of the price system as a struggle of man against man. “Money” is, rather, primarily a weapon in … Continue reading
Posted in Oleg Komlik
Tagged class, Max Weber, money, power, price determination, sociology of money
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The Burden of Nations: Debt and Compound Interest
The disappointing outcome of the G8 Okinawa summit regarding the initiative for debt relief for impoverished and indebted countries of the Global South, led President of Nigeria Olusegun Obasanjo to proclaim in August 2000: “All that we had borrowed up to 1985 or … Continue reading
Global Political Economy and Its Discontents: Power, Politics and Investment Treaties in Developing Countries
There is a widely accepted opinion among a general public, policy makers and economists that investment treaties between the West and developing countries greatly benefit the latter. But is this view correct? Well, for sure the story is far more complex than it seems. An interesting … Continue reading
Posted in Books
Tagged global governance, global political economy, Global south, globalization, investment treaties, law, power
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The European corporate elite on trial: the foundation of the Eurozone and the navigation of its crisis
“Europe’s industrial bosses oscillate between fear, anger and disbelief…. Company bosses long to yell “You’re fired!” at any number of European politicians… But a majority of Europe’s businesspeople definitely wants politicians to do more to hold the euro zone together.” (The … Continue reading
Posted in Papers
Tagged corporations, elites, European integration, European Union, Eurozone crisis, fiscal policy, interest groups, monetary policy, power
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Capital as power and class struggle explained by… Adam Smith?!
In any given society, there is no freedom of contract between capitalist and worker, whose interests are essentially opposite. The power of a landlord, a manufacturer, a merchant resides in his wealth, explaining the inherent subjection of laborers, which lack almost any … Continue reading
Remember the Golden Rule! Whoever has the gold, makes the rules!
Remember the Golden Rule! Whoever has the gold, makes the rules!! *** This sharp cartoon is from The Wizard of Id – a classic daily newspaper comic strip created by Brant Parker and Johnny Hart in 1964 to satirize modern American culture … Continue reading
