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    Economics, Politics / democracy, economic policy, economic theory /

    Political Economy?

    January 21, 2020

    “American economics harbors fierce political debates over theory, methodology, and policy.  In practice and in comparative perspective, however, the main trend over the course of the twentieth century has been the standardization of training as well as a homogenization of evaluation criteria that has marginalized nonorthodox approaches.  After institutionalism was dethroned by the rise of […]

    Economics / democracy, economic theory, Karl Polanyi, plutocracy, power /

    A Quick Note: Utopian or Real?

    April 30, 2019

    Just a brief follow-on to my recent comments on the role of economics and its relationship with power and/or politics. I pulled out my old copy of Polanyi’s “The Great Transformation” to refresh my memory of his position on the topic.  Recall that he talked about the way in which economic activity is embedded within […]

    Economics, Politics / capitalism, democracy, inequality, plutocracy, power, Scheidel /

    Inequality Conundrums

    April 30, 2019

    What am I supposed to make of the Scheidel book? Having waded through it I emerge with a grim pessimism — certainly more than when I started. The basic thesis, as I mentioned a couple of weeks ago, is that periods of relatively greater equality are rare in history and that they ebb away soon after […]

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