Social Foundations of Contemporary Economics


Book Description

Readers of economic and political theory as well as students of economic planning will appreciate this classic, now available for the first time in English. Written eighty years ago, when Sorel became disillusioned with the official socialism of the German and French Marxist parties, this new translation presents Sorel's analysis of the rise and fall of the two great modern ideologies: socialism and liberal capitalism. At present, when the fate of both of these ideologies seems in doubt, Sorel's analysis remains particularly insightful and fresh. Sorel explains why they seem to have fallen into disrepute just as they succeeded in an almost total monopoly of power in the advanced industrial countries of the world. Sorel notes a striking parallel in the historical evolution of both bodies of thought: productivity was the foremost ideal when both movements were at their most dynamic and socially effective stage. On the other hand, they were at their most decadent state when they no longer separated themselves from politics and embraced the ideals of social unity. This work is an attack on the time-honored notion of community solidarity whose Platonic and Aristotelian versions find their contemporary counterparts in notions of natural sociability and political obligation. This work anticipates much of the thinking that lies behind Sorel's famous "Reflections on Violence "and clearly expresses the moral basis of that work, as well as present tendencies in normative and empirical political thought.




Social Foundations of Contemporary Economics


Book Description

"Readers of economic and political theory as well as students of economic planning will appreciate this classic, now available for the first time in English. Written eighty years ago, when Sorel became disillusioned with the official socialism of the German and French Marxist parties, this new translation presents Sorel's analysis of the rise and fall of the two great modern ideologies: socialism and liberal capitalism. At present, when the fate of both of these ideologies seems in doubt, Sorel's analysis remains particularly insightful and fresh. Sorel explains why they seem to have fallen into disrepute just as they succeeded in an almost total monopoly of power in the advanced industrial countries of the world.Sorel notes a striking parallel in the historical evolution of both bodies of thought: productivity was the foremost ideal when both movements were at their most dynamic and socially effective stage. On the other hand, they were at their most decadent state when they no longer separated themselves from politics and embraced the ideals of social unity. This work is an attack on the time-honored notion of community solidarity whose Platonic and Aristotelian versions find their contemporary counterparts in notions of natural sociability and political obligation. This work anticipates much of the thinking that lies behind Sorel's famous Reflections on Violence and clearly expresses the moral basis of that work, as well as present tendencies in normative and empirical political thought."




Beyond the Market


Book Description

Beyond the Market launches a sociological investigation into economic efficiency. Prevailing economic theory, which explains efficiency using formalized rational choice models, often simplifies human behavior to the point of distortion. Jens Beckert finds such theory to be particularly weak in explaining such crucial forms of economic behavior as cooperation, innovation, and action under conditions of uncertainty--phenomena he identifies as the proper starting point for a sociology of economic action. Beckert levels an enlightened critique at neoclassical economics, arguing that understanding efficiency requires looking well beyond the market to the social, cultural, political, and cognitive factors that influence the coordination of economic action. Beckert searches social theory for the components of an alternative theory of action, one that accounts for the social embedding of economic behavior. In Durkheim and Parsons he finds especially useful approaches to cooperation; in Luhmann, a way to understand how people act under highly contingent conditions; and in Giddens, an understanding of creative action and innovation. Together, these provide building blocks for a research program that will yield a theoretically sophisticated understanding of how economic processes are coordinated and the ways that markets are embedded in social, cultural, and cognitive structures. Containing one of the most fully informed critiques of the neoclassical analysis of economic efficiency--as well as one of the most thoughtful blueprints for economic sociology--this book reclaims for sociology the study of one of the most important arenas of human action.




Beyond the Market


Book Description

Beyond the Market launches a sociological investigation into economic efficiency. Prevailing economic theory, which explains efficiency using formalized rational choice models, often simplifies human behavior to the point of distortion. Jens Beckert finds.




Foundations of Social Capital


Book Description

The selected articles embed the concept in core theoretical work in economics, political science, sociology, development theory, and philosophy. Topics include: contemporary conceptual and philosophical foundations; forms of social capital; and the relation of social capital to both development and democracy.




French Revolutionary Syndicalism and the Public Sphere


Book Description

Combines social (Habermas) and cultural theory with history of major union in early twentieth-century France.




Social Foundations of Markets, Money and Credit


Book Description

Where does the power of money come from? Why is trust so important in financial operations? How does the swapping of gifts differ from the exchange of commodities? Where does self-interest stop and communal solidarity start in capitalist economies?These issues and many more are discussed in a rigorous, yet readable, manner in Social Foundations of




Foundations of Real-World Economics


Book Description

The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP.




Handbook of Economic Sociology for the 21st Century


Book Description

This handbook provides an overview on major developments that occurred in the field of economic sociology after its rebirth since the 1980s in the US. It offers new insights on the uniqueness of European economic sociology compared to US economic sociology which emerged at the end of the 20th century. The handbook presents economic sociology as a developing field which started with certain foundations as new economic sociology, widening the perspective by introducing social factors thereby focusing more on general belief systems, social forms of coordination and the relationships between society and the economy. It offers an outstanding portrait of the research field helping to identify major foundations and trajectories as well as new research perspectives for a globalized economic sociology. This makes the handbook appeal to specialized researchers of the field, researchers from other disciplines interested in economic phenomena, as well as graduate and postgraduate students.




Essays in Contemporary Economics


Book Description

This book is a collection of original essays grouped into four parts under the headings “Greece and European integration,” “Issues in the Methodology of Economics,” “Institutions and the Free Market Economy,” and “Insights for Today from Ancient Greece.” The essays appeal to both researchers in the corresponding fields of knowledge and also to policy makers who are looking for ideas and approaches to confront present day challenges. In particular, given the present state of turmoil in the European Union, the international economy, and democracies in general, most of the essays offer new insights for economic and social policies.