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Erik Olin Wright, an eminent #sociologist and one of the great public intellectuals of our time, has died at 72. Wright, a brilliant scholar and Marxist thinker, has not just taught us so much about #class, exploitation and power, he has also envisioned way to democratic and egalitarian alternatives to #capitalism. Erik Olin Wright was passionately and equally earnest about intellectual rigour and political relevance. Read his final words: https://economicsociology.org/2019/01/23/erik-olin-wright-has-contributed-to-making-utopias-real/ #sociology #marxism #politicaleconomyAs 2018 comes to an end, I rounded up the top 10 most-read posts of the year on the Economic Sociology and Political Economy community blog. You are welcome to (re)read and share them. I would like to use this opportunity and thank everyone for being here, liking and sharing - for making this community what it really is! Oleg Komlik https://economicsociology.org/2018/12/22/top-10-most-read-economic-sociology-and-political-economy-posts-of-2018/Tags
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Tag Archives: valuation
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
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
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, dehumanized human nature 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
Debt is a Product of Power Relations
Debt is a product of power relations which inherently exhibits capturing and dominating mechanisms of subordination, appropriation and exploitation in various societal, political and economic fields. Debt is a degrading institutional tool which not merely controls and masters labor in advance, it also self- … 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, companies, 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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