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"got banned from the #library for moving all the #books on trickle down #economics to the #mythology section" https://economicsociology.org/2019/09/20/neoliberalism-a-critical-reader/ #neoliberalismThe definition of Political Economy — as a scholarly discipline, a research topic, a sphere of society, or the realm of polity — has gone through many incarnations over the years. A new interesting and instructive paper by Renate Mayntz proficiently addresses the disputed aspects, changing facets and some conventions of #politicaleconomy, and then shows how they are expressed in #research. >> As the new academic year begins, I would like to use this opportunity to Thank You for being here. Invite your colleagues, students & friends to join our common cause https://economicsociology.org/2019/09/14/political-economy-origins-meanings-changes/ #economicsociology #economics #economichistory #sociology #capitalismTags
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Tag Archives: valuation
Finance, Class, and the Birth of Neoclassical Economics: The Marginalist Revolution Revisited
by Yair Kaldor* In economic textbooks, the concept of “value” is regarded as nothing more than the prevailing market price. This definition might seem self-evident, but it stands in sharp contrast to the classical theories of Adam Smith and David … Continue reading
Posted in Community members posts, Papers
Tagged Culture, economics, history of economic thought, ideas, sociology of knowledge, valuation
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The Pricing of Progress and the Origins of GDP
by Eli Cook* In the past few years, roughly half a dozen books have come out examining the meteoric rise and profound impact of Gross Domestic Product (GDP). An economic indicator that measures the money-making capacities of a nation by … Continue reading
Posted in Books, Community members posts
Tagged capitalism, economic history, economics, GDP, valuation
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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
Value and its enigmas: from stained cloths to matrimonial alliances
by André Vereta Nahoum Since the days economics was basically a British endeavour, the production of value (and price formation) has been one of the most fiercely debated topics of the discipline. Such is the centrality of the issue at stake … Continue reading
The Alienated Consciousness, Homo Economicus and Capitalism
Norman O. Brown, a brilliant American scholar and social philosopher: “The alienated consciousness is correlative with a money economy. Its root is the compulsion to work. This compulsion to work subordinates man to things, producing at the same time confusion in the valuation of … Continue reading
Posted in Art, Oleg Komlik
Tagged capitalism, consumerism, money, valuation, wealth, work
2 Comments
Debt to Society: Accounting for Life under Capitalism
Miranda Joseph‘s important and interesting book Debt to Society: Accounting for Life under Capitalism is a timely scholarly endeavour to understand, what I once termed Neoliberal Pauperism. Joseph’s research focuses on one of the key practices related to debt’ control – accounting and quantification. It studies modes … Continue reading
Posted in Books
Tagged accounting, credit, debt, Economic Sociology, finance, gender, neoliberalism, valuation
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What is money? Can we understand the current state of the economy as a crisis of money itself?
The latest economic collapse has incited substantial conversation about debt, financialization, and the commodification of everyday life. But what exactly is money? Making Money: The Philosophy of Crisis Capitalism turns the questions raised in the title into a matter of … Continue reading
The Value of Nothing and Market Society
In The Value of Nothing: How to Reshape Market Society and Redefine Democracy, an award-winning academic and activist Raj Patel (University of Texas) reveals the hidden ecological and social costs of a hamburger (as much as $200), and asks how we … Continue reading
Posted in Books
Tagged civil society, democracy, economics, environment, policy, politics, prices, sustainability, valuation
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“Crisis, Value & Hope: Rethinking the Economy” — Current Anthropology special issue
“Crisis, value, and hope are three concepts whose intersection and mutual constitution open the door for a rethinking of the nature of economic life away from abstract models divorced from the everyday realities of ordinary people, the inadequacies of which … Continue reading
Posted in Papers
Tagged anthropology, credit, crisis, debt, financialization, money, valuation
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The Sense of Dissonance: Accounts of Worth in Economic Life
David Stark argues, firms would often be better off, especially in managing change, if they allowed multiple logics of worth and did not necessarily discourage uncertainty. In fact, in many cases multiple orders of worth are unavoidable, so organizations and firms … Continue reading
Posted in Books
Tagged banking, Economic Sociology, ethnography, heterarchy, Hungary, investment, organization theory, start-up, valuation
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The Worth of Goods: Valuation and Pricing in the Economy
This valuable volume The Worth of Goods: Valuation and Pricing in the Economy, edited by Jens Beckert and Patrik Aspers revisits established theories of value and takes a sociological approach to the perennial but timely question of what makes a product valuable. Leading … Continue reading
Posted in Books
Tagged Economic Sociology, ethics, financial markets, markets, valuation, values
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