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In 1951 John Kenneth Galbraith wrote Milton Friedman to thank him for giving a lecture at #Harvard #economics department. This very short letter is not only a typical example for #Galbraith’s eloquence and sardonic phrasing, but underlines his ability to combine conceptual open-mindedness with a sincere standpoint of his own. Read, and more: https://economicsociology.org/2018/11/23/galbraith-vs-friedman-the-emancipation-of-belief-is-the-most-formidable-of-the-tasks-of-reform-the-one-on-which-all-else-depends/B&B: Tech companies love #dogs not unions // How US #conservative #elite persists // Male-dominated central banks // #India’s #demonetisation // The making of Tourist #Capitalism See the articles: https://economicsociology.org/2018/11/15/bb-tech-companies-love-dogs-not-unions-how-us-conservative-elite-persists-male-dominated-central-banks-indias-demonetisation-the-making-of-tourist-capitalism/Tags
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Recent Posts
- Great academic opportunities: 11 calls for papers, 4 jobs, 2 postdocs, visiting grant, PhD stipend, summer school
- Galbraith vs. Friedman — “The emancipation of belief is the most formidable of the tasks of reform, the one on which all else depends”
- B&B: Tech companies love dogs not unions // How US conservative elite persists // Male-dominated central banks // India’s demonetisation // The making of Tourist Capitalism
- Elite Men and Inequality in the Hedge Fund Industry
- Great academic opportunities: 10 calls for papers, 4 jobs, 3 postdoc and visiting positions, 2 PhD stipends
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Tag Archives: state
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
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
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
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
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
Posted in Books, community members posts
Tagged capitalism, economic history, labor, state, United States
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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
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
Posted in Books
Tagged capitalism, democracy, institutional change, Marxism, neoliberalism, politics, social movements, state
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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
Posted in Books
Tagged austerity, culture, class, debt, ethnography, globalization, neoliberalism, policy, state
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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
Posted in Papers
Tagged finance, financialization, neoliberalism, policy, Political economy, state, United Kingdom
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