Tag Archives: state

‘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 →

Posted in Book Awards, Books | Tagged ‪securitisation‬, credit, developmental state, Economic Sociology, embeddedness, finance, policy, Political economy, politics, state | Leave a comment

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

Posted on December 15, 2020 by Oleg Komlik

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 →

Posted in Community members posts, Papers | Tagged China, Economic Sociology, financial system, financialization, institutions, markets, Political economy, state, varieties of capitalism | Leave a comment

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

Posted on October 16, 2020 by Oleg Komlik

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 →

Posted in Community members posts | Tagged ‎market‬ ‪‎fundamentalism, COVID-19, healthcare, Karl Polanyi, neoliberalism, state, United States | 2 Comments

Political Economy After Neoliberalism: A Manifesto for New Thinking

Posted on October 8, 2020 by Oleg Komlik

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 →

Posted in Community members posts | Tagged comparative political economy, corporate governance, COVID-19, Economic Sociology, embeddedness, markets, neoliberalism, Political economy, power, shareholder value, state, varieties of capitalism | 5 Comments

The Return of the State

Posted on August 6, 2020 by Oleg Komlik

“Stop! Wait! Government’s no longer the problem — it’s the solution.” For in-depth discussions on various angles of the ‘State (in the Economy)’ topic: — Bourdieu, Pierre. 2015. On the State: Lectures at the Collège de … Continue reading →

Posted in Books | Tagged state, theory | Leave a comment

The Virtues of the Market: Wilhelm Röpke as a Cultural Economist

Posted on August 24, 2019 by Oleg Komlik

by Erwin Dekker* Neoliberalism is often associated with an excessive focus on the market at the expense of both the state and society. A new book Wilhelm Röpke (1899–1966): A Liberal Political Economist and Conservative Social Philosopher, edited by Patricia Commun … Continue reading →

Posted in Books, Community members posts | Tagged ‪culture, economics, ethics, ordoliberalism, state | Leave a comment

The Making of Homo Financius and Neoliberal Morality

Posted on August 11, 2019 by Oleg Komlik

“There is [a] set of qualities ascribed to the actions and conduct of mankind, distinct from their propriety or impropriety, their decency or ungracefulness, and which are the objects of a distinct species of approbation and disapprobation. These are Merit … Continue reading →

Posted in Papers | Tagged discourse, financial literacy, financialization, marketization, morality, neoliberalism, state | Leave a comment

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 →

Posted in Book Awards, Books | Tagged economic history, fiscal sociology, institutions, neoliberalism, policy, Political economy, state, taxation, varieties of capitalism | Leave a comment

Are Entrepreneurs Dangerous to the Market Economy more than Marxists?

Posted on July 11, 2019 by Oleg Komlik

Yes — asserts regarding the odd question in the title one of the founders of Ordoliberalism Professor Franz Böhm: “The entrepreneurs […] in contrast with their emphatic declarations in favour of the market economy, are more inclined, at least, to … Continue reading →

Posted in Books, Oleg Komlik | Tagged entrepreneurship, Germany, law, markets, Marxism, neoliberalism, socialism, state | 2 Comments

Central Banks, Technocratic Power, and the Fear of Democracy

Posted on September 12, 2018 by Oleg Komlik

Jacqueline Best has an interesting new article that starts with catchy and provocative analogy and then presents thought-provoking discussion and arguments: “What do border guards and central bankers have in common? Both operate, on a day-to-day basis, in political spaces exempt … Continue reading →

Posted in Papers | Tagged central banking, democracy, economics, neoliberalism, state | Leave a comment

Gramsci on the State, the Proprietorial Class, and the Sovereign Laws of Capitalism

Posted on May 22, 2018 by Oleg Komlik

“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 →

Posted in Oleg Komlik | Tagged Antonio Gramsci, capitalism, class, power, state | 2 Comments

Marketcraft as the New Statecraft

Posted on March 11, 2018 by Oleg Komlik

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 →

Posted in Books, Community members posts | Tagged deregulation, embeddedness, institutional change, institutions, liberalization, markets, Political economy, Regulatory State, state | 1 Comment

A Critique of the Critique of Finance: Critics of neoliberal capitalism rarely recognize the productive power of speculation

Posted on February 23, 2018 by Oleg Komlik

by Martijn Konings* If there is one theme that unites the various critiques of contemporary finance, it is the emphasis on its speculative character. Financial growth is said to be driven not by the logic of efficient markets, but rather … Continue reading →

Posted in Books, Community members posts | Tagged financial crisis, financial markets, financialization, Hyman Minsky, neoliberalism, speculation, state | Leave a comment

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 →

Posted in Books | Tagged economics, Michel Foucault, neoliberalism, policy, state | 4 Comments

Political Economy of Labor Repression in the United States

Posted on September 12, 2017 by Oleg Komlik

by Andrew Kolin* The task at hand is to place the political economy of repression within the contours of U.S. history and sketch in broad terms how, over time, repression is the product of dynamic and fixed relations between capital and … Continue reading →