Tag Archives: state

The Making of Homo Financius and Neoliberal Morality

“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

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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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Are Entrepreneurs Dangerous to the Market Economy more than Marxists?

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

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Central Banks, Technocratic Power, and the Fear of Democracy

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

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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

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Marketcraft as the New Statecraft

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

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

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

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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Political Economy of Labor Repression in the United States

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

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Zygmunt Bauman on Liberalism and Neoliberalism

Zygmunt Bauman, one of the greatest thinkers of the post-Second World War period, a distinguished sociologist and influential public intellectual, has passed away. He has departed to “liquid eternity”, his family told. This is a sad news and an enormous loss. During … Continue reading

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Back to the Future: Authoritarian Neoliberal Regime versus Democratic Social State

The destiny of the 20th century, especially after the WWII, has been determined and shaped by the multifaceted confrontation between capitalism and ‘communism’, the ‘West’ vis-a-vis the ‘East’. But history did not end in 1991, as some have tried to convince … Continue reading

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Ethnographies of austerity

Austerity is not about numbers, economic data or amorphous macro-scale policies; Austerity is about people. Middle and working-class people, they are the ones who bear the brunt of oppressive neoliberalism and carry the depressing burdens of austerity in their everyday life: increasing unemployment, … Continue reading

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Financialization as a state project

Financialization is a key feature of neoliberalism. It refers to the capturing impact of financial markets, institutions, actors, instruments and logics on the real economy, labor, households and daily life. Essentially it has significant implications for the broader patterns and functioning of an … Continue reading

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Listen to the Athenian Solon: “Our virtue sticks with us and makes us strong, but money changes owners all day long”

Solon (c. 638 – c. 558 BC) was an Athenian statesman, lawmaker and poet, particularly known for ending exclusive aristocratic control of the government and his efforts to legislate against political, economic, and moral decline in archaic Athens, whose elite was obsessed with wealth, power, and prestige. His first … Continue reading

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The political economy of pharmaceutical industry and healthcare in developing countries

Do economic development and growth more or less automatically bring with them better medical care to the population of a country? Well, it is generally presumed they do. This assumption is also a core part of a neoliberal globalism fairy … Continue reading

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