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A fresh #NobelPrize winner Paul Romer: "For more than three decades, #macroeconomics has gone backwards", "Mathiness lets [economics’] academic politics masquerade as science". Read and share Romer's astute reflections on the state of #economics profession. https://economicsociology.org/2018/10/08/nobel-winner-paul-romer-economists-use-math-to-mislead/James March, a distinguished social scientist and great master of #management studies, organisational and institutional #theory, has passed away. But only a few know that beside his tremendous academic career, March was also an accomplished poet. Poetry, he wrote, "is an exploration of ambivalence and paradox, of the possibility of feeling simultaneous sentiments that seem contradictory, of living in multiple worlds and experiencing multiple feelings, and of recognizing the role of ugliness in the creation of beauty.” R.I.P. https://economicsociology.org/2018/09/28/r-i-p-james-march-success/ #sociology #socialscience #strategyTags
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Tag Archives: wealth
Being the 1%, or What It Means to Be Entitled
by Rachel Sherman* Most contemporary research on economic inequality focuses on the causes, contours, and consequences of unequal distributions of resources. But how they do such distributions become legitimate? Why do people accept them, and even take them for granted? Why … Continue reading
Posted in Books, community members posts
Tagged class, consumption, elites, inequality, money, morality, privilege, wealth
1 Comment
World Inequality Report 2018: Great Data, Bright Analysis, Perturbing Reality
The World Inequality Lab led by Thomas Piketty, Emmanuel Saez, Gabriel Zucman, Facundo Alvaredo and Lucas Chancel released today the first of its kind World Inequality Report 2018. The Report aims to become the comprehensive reference report on income and wealth inequality around … Continue reading
Posted in Books, Oleg Komlik
Tagged economic history, inequality, neoliberalism, policy, Political economy, wealth
6 Comments
Nietzsche on Danger in Wealth and Pretense
Friedrich Nietzsche: “Danger in riches. — Only he who has spirit ought to have possessions: otherwise possessions are a public danger. For the possessor who does not know how to make use of the free time which his possessions could purchase him will … Continue reading
Alexis de Tocqueville on democracy, materialism and political economy
Alexis de Tocqueville (1805 – 1859) was a notable French political scientist and historian, best known for Democracy in America, a perceptive and groundbreaking analysis of the social, political and economic system of the United States. This four-volume book is brimming with … Continue reading
Posted in Books
Tagged Alexis de Tocqueville, democracy, economic history, Economic Sociology, Political economy, United States, wealth
3 Comments
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
Posted in Oleg Komlik
Tagged credit, debt, Greece, oligarchy, slavery, state, wealth
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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
Thomas Piketty: “Take a serious interest in money… Those who have a lot of it never fail to defend their interests.”
These are Thomas Piketty’s last words in his ground-shaking Capital in the Twenty-First Century. The Economic Sociology and Political Economy global academic community proudly realizes their prescriptive meaning: “All social scientists, all journalists and commentators, all activists in the unions and in politics of … Continue reading
Posted in Oleg Komlik
Tagged academia, democracy, media, money, public sociology, Thomas Piketty, wealth
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18 focused interpretative digests of each chapter from Piketty’s “Capital in the 21st Century”
Read this impressive interpretative review of Thomas Piketty’s Capital in the Twenty-First Century – 18 focused posts devoted to each chapter from the book, carefully wrote by Adam David Morton (University of Sydney). Professor Morton clearly summarises each chapter in just a few … Continue reading
Posted in Books
Tagged capital, capitalism, economic history, growth, inequality, Political economy, state, taxation, Thomas Pikkety, wealth
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Paul Krugman: “Inequality is a Drag… Goodbye, trickle-down; hello, trickle-up.”
Paul Krugman: “If you look systematically at the international evidence on inequality, redistribution, and growth — which is what researchers at the IMF did — you find that lower levels of inequality are associated with faster, not slower, growth. Furthermore, … Continue reading
Jean-Jacques Rousseau: “The rich holds the law in his purse..” // “Le riche tient la loi dans sa bourse..”
Rousseau, Jean-Jacques. 1764. “La 9e Lettre écrite de la montagne.” Paris: Gallimard. (p. 287)
