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Our “Scheidel Moment”?

We are all familiar with what a “Minsky Moment” is.  Or we should be given the disaster of the Great Recession.  Whilst it’s true that economics has bumbled along pretty much unaltered since this dark years of just over a decade ago, and, yes, I am aware of the rumblings around the discipline’s edges, others have taken […]

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Political Economy?

“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 […]

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A Quick Note: Utopian or Real?

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 […]

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