Finance, Class, and the Birth of Neoclassical Economics: The Marginalist...
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...
View ArticleThe Making of Homo Financius and Neoliberal Morality
“There is [a] set of qualities ascribed to the actions and conduct of mankind, distinct from their propriety or impropriety, their decency or ungracefulness, and which are the objects of a distinct...
View ArticlePolitical Economy: Origins, Meanings, Changes
“Political economy should be a human science.” … Continue reading →
View ArticleDemocratizing Finance: Reducing Inequalities of Income, Wealth and Power
Politics & Society has just published a thought-provoking special issue titled “Democratizing Finance”. This interesting collection of papers resulted from a workshop organized in July 2018 by the...
View ArticleIs the United States the Champion of Global Finance or its Victim? A New Look...
By Arie Krampf* My article “Monetary Power Reconsidered: The Struggle between the Bundesbank and the Fed over Monetary Leadership”, recently published in International Studies Quarterly, contributes to...
View ArticleCapitalism: A Journal of History and Economics
As we are living in the present when tragedy and farce mix and make the past look oracular, a new history of Capitalism must be introduced for the sake of the future. The new year brought with it a...
View ArticleMarkets for Collective Concerns, Market Failures, and Policy-making
by Christian Frankel, José Ossandón and Trine Pallesen* As Foucault (2008) pointed out 40 years ago, the economic thinking of the Ordoliberals in Germany, the Chicago School in the United States, and...
View ArticleThe Great Transformation — 75 Years Later
Karl Polanyi’s masterpiece The Great Transformation was written during the Second World War and published in 1944, but the relevance and importance of this preeminent book has continued to grow. 75...
View ArticleHow Did Corporations Spread CSR from the US to the Rest of the World?
by Rami Kaplan & Daniel Kinderman* Why do firms adopt Corporate Social Responsibility (CSR) practices? How does CSR spread across the globe? Our paper “The Business-Led Globalization of CSR”...
View ArticleAmerican Sociology’s Emergence and Separation from Political Economy
Rereading Philippe Steiner’s excellent, thorough and highly recommended Durkheim and the Birth of Economic Sociology (2011) — in which Steiner argues that there were two stages in Durkheim’s approach...
View ArticleFinance under state capitalism: Re-conceptualising capital markets through...
by Johannes Petry* When one thinks of China, burgeoning capital markets – the epitomisation of free market capitalism – are certainly not the first thing that spring to mind. By 1989, capital markets...
View ArticleWhy is Northern Europe so Indebted? The Impact of Welfare on Household Debt
by Martino Comelli* You might think the U.S. would be world champion of household debt, yet the highest private indebtment has always been in the Nordic countries. Debt, however, takes different forms....
View ArticleReframing Financialization: Bringing Class Struggle Back In
by Yair Kaldor* The growing size and importance of financial markets, institutions, and activities—often labeled as “financialization”—is one of the key economic developments of recent decades. The...
View ArticleWhere Do Unicorns Come From? Reflexive Expectations in Innovation Financing
by Kean Birch* Unicorns are private companies valued at over US$1 billion. The term was first used by venture capitalist Aileen Lee in 2013 and has since become a cultural trope of its own. According...
View ArticleThe Construction of the Magical World of Santa — Performing a Myth to Make a...
If you believe in Santa, do not read the following paper — sympathetically warn us Teea Palo, Katy Mason and Philip Roscoe at the beginning of “Performing a Myth to Make a Market: The Construction of...
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