Blog Archives

The Political Economy of impression management / Impression Management of the political economy :-)

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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)

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Karl Polanyi: “The market mechanism moreover created the delusion of economic determinism as a general law for all human society.. “

Karl Polanyi: “The market mechanism moreover created the delusion of economic determinism as a general law for all human society.. To attempt to apply economic determinism to all human societies is little short of fantastic. Nothing is more obvious to … Continue reading

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Constructing Markets for Credit Cards in Postcommunist Countries and demolishing myths about markets, money and globalization

In countries without a history of economic stability, how can banks decide who should be given a credit card? How do markets convince people to use cards, make their transactions visible to authorities, assume the potential risk of fraud, and … Continue reading

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Let the academic conferences season begin! ;-)

We’d now like to open the floor to shorter speeches disguised as questions. 🙂 See here and here more memories of these unique intellectual fetes! 😉  *** Join the Economic Sociology and Political Economy community via Facebook / Twitter / LinkedIn / Google+ / Instagram / Tumblr

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Free Press?.. or “Free Market”?

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Joseph Stiglitz: ‘Free markets’ as a religious belief

Joseph Stiglitz: “The advocates of free markets in all their versions say that crises are rare events, though they have been happening with increasing frequency as we change the rules to reflect beliefs in perfect markets. I would argue that … Continue reading

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Pikettymania

After Financial Times’ botched and bungled attack on Piketty’s Capital in the Twenty–First Century fainted, in order to escape from dealing with the essence Bloomberg BusinessWeek chose a different tactic which is a) kind of funny, b) pathetic.

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Theory in Pictures: Consumption / Demand in Economics

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‘Capital’ in the University of Chicago bookstore.. Too bad it’s by the wrong author ;-)

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The Power of ‎Market‬ ‪‎Fundamentalism‬: Karl ‪Polanyi‬’s Critique — a must-read for every economic ‪sociologist‬ and political economist

As the eminent social scientist Karl Polanyi has stultified and debunked the erroneous ideas of economic determinism and market fundamentalism, Fred Block and Margaret Somers greatly contributed to the intellectual endeavor to manifest the ontological embeddedness of State-Economy-Society in their important … Continue reading

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Adam Smith: “Consumption is the sole end and purpose of all production.”

Adam Smith: “Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer.” Smith, Adam. 1776. … Continue reading

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John Urry on social and political dangers of offshoring

Updated: Very sad news from Lancaster– John Urry, a brilliant, groundbreaking & influential scholar died on March 18, 2016.  The concealment of ‪‎wealth‬ and ‪‎profits‬ in ‪‎Tax Havens‬ has brought the topic of ‪‎offshoring‬ into public debate, but as a distinguished sociologist John … Continue reading

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Berger and Luckmann: “The social world was made by men — and, therefore, can be remade by them”

Berger, Peter and Thomas Luckmann. 1966. The Social Construction of Reality: A Treatise in the Sociology of Knowledge. Doubleday: Garden City, NY. (p. 89)

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What ‪Money‬ Wants: An ‪Economy‬ of Desire

What in everyday life is an obvious truth, namely, that in some sense or another, people want money— is basically unthinkable in economic terms. Herein lies the starting point for the main argument of What ‪Money‬ Wants: An ‪Economy‬ of … Continue reading

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