Showing posts with label economic sociology. Show all posts
Showing posts with label economic sociology. Show all posts

Sunday, February 2, 2020

On socially influenced preferences — Chris Dillow


So much for rational agency based on autonomous preferences as viable assumption for a realistic economics. The world in which we live is socially constructed, which is hardly surprising since humans are social animals (homo socialis) more than economic animals (homo economicus). Most are crowd-followers behaving endogenously within the social system they inhabit rather than exogenous agents acting independently of the social system.

Stumbling and Mumbling
On socially influenced preferences
Chris Dillow, Investors Chronicle

See also

Statistical Modeling, Causal Inference, and Social Science
The fallacy of the excluded rationality
Andrew Gelman | Professor of Statistics and Political Science and Director of the Applied Statistics Center, Columbia University

ABC News (AU)
Could the science of kindness make the world a better place?
David Sloan Wilson | SUNY Distinguished Professor of Biology and Anthropology at Binghamton University and Arne Næss Chair in Global Justice and the Environment at the University of Oslo

Tuesday, December 31, 2019

Top 10 Most-read Economic Sociology and Political Economy Posts of 2019 — Oleg Komlik

As 2019 (already) comes to an end, I rounded up the top 10 most-read posts of the year on the Economic Sociology and Political Economy community blog. You are welcome to (re)read and share them. And, let’s try something new, this list are followed by the 10 least-read posts of the year which are surely worth reading.... 
Economic Sociology and Political Economy
Top 10 Most-read Economic Sociology and Political Economy Posts of 2019
Oleg Komlik | founder and editor-in-chief of the ES/PE, Chairman of the Junior Sociologists Network at the International Sociological Association, a PhD Candidate in Economic Sociology in the Department of Sociology and Anthropology at Ben-Gurion University, and a Lecturer in the School of Behavioral Sciences at the College of Management Academic Studies

Wednesday, November 6, 2019

Shoring up capitalism — Chris Dillow


This is a good analysis of the political economy of capitalism in general and as it applies specifically to the UK now. The links are important in developing the nuance.

Stumbling and Mumbling
Shoring up capitalism
Chris Dillow | Investors Chronicle

Friday, July 19, 2019

System Capture 2020: The Role of the Upper-Class in Shaping Democratic Primary Politics — Anthony DiMaggio

The Democratic primary season is upon us, and the party’s candidate list is a useful starting point for assessing the impact of affluence on American politics. Classic works by sociologists of decades past, including C. Wright Mills and G. William Domhoff, posited that U.S. political institutions were captured by elite economic actors, who seek to enhance their own material positions at the expense of the many....
"Class" is a technical term in sociology. It is synonymous with "social class" and "socio-economic class, and it denotes the social stratification of a group, usually a society based on cultural and institutional arrangements that are generally a combination of formal and informal. Characteristic of each class as a set of individuals is a level of status, power and wealth.

It is useful to think of a society in terms of a system of networks and their relations. The "upper class" especially is usually identified by certain characteristics that are relevant to status, power, and wealth, such as family background, educational background and career. The top tier is a much more closely knit network that lower classes and the top tier lives in a completely different environment from the lower tiers. In some cases the structure is rigid with little social mobility, such as the aristocratic and caste system based on birth. There is much more social mobility in liberal societies than in traditional ones.

Why is network a good way to consider the concept of class? "Network" emphasizes connections and inter-communication. Class is often thought of more in terms of aggregates. While it is true that a the lower rungs of society, class does exhibit the characteristics of aggregates, where connects are few and scattered, the top tier is "well-connected," and it is these connections that giver the upper class its social, political and economic power and influence.

The common characteristic of the "upper class" is that it constitutes a ruling elite, if not directly providing the bulk of the leadership, at least choosing it and to some extent controlling it. This constitutes the political organization called "oligarchy," literally the rule of the few. In liberal societies the characteristic of oligarchies is plutonomy, literally governance based wealth.

Anthony DiMaggio asserts that this is due to state capture. I would not disagree with in my view it is not so much a matter of "capture" in a concerted and intentional sense, since it is the historical norm. New members come, old members go. The structure remains mostly the same, although it changes appearance owing to historical and geographical conditions that affect culture and institutions. If there was capture, and there seems to have been historically based on comparison with the more egalitarian social structure of so-called primitive societies, it happened ages ago through what Marx called primitive accumulation, e.g., of taking control of land. Historians, sociologists, political theorists and philosophers have investigated this and speculated about. While primitive accumulation continues to some degree, the patterns were established during the transition from hunter-gather societies to agricultural ones.

The top tier assumes and asserts that there was really no capture "back then," and there is no capture now; it is the natural state for the stronger and more  competent to rule since they can use resources more efficiently and effectively. Recall John Locke's just-so tale of private property arising from mixing land with use. So what may look like "capture" was really just a natural concentration of "human capital" based on initiative and ability. Lower tiers are either convinced by this line of reasoning — or not. At any rate, pretty much the same process repeats under different cultural garb geographically and across time, in spite of the occasional revolution, since revolutionary change is soon co-opted by a newly emergent elite.

This post is a summary of studies and polls about the contemporary US, which the author then relates to the contemporary Democratic Party. The GOP has already decided on renominating a sitting president that is a billionaire whose record is one of favoring the upper class based on "trickle down." The GOP base seems to buy this.

His conclusion:
Early polling data suggests that Democratic partisans have continued to elevate neoliberal “electable” Dems when it comes to the highest office in the land, although progressive candidates are gaining ground. Pollingfrom mid-July of this year reveals that Joe Biden leads all candidates, with 32 percent support. Bernie Sanders and Elizabeth Warren are not far behind, each polling at 19 and 14 percent respectively, while Kamala Harris stands at 13 percent support. These results suggest that there is a real struggle among Democratic partisans to determine the future direction of the party, with the top four candidates as of mid-2019 split between establishment neoliberals on the one hand, and New Dealer-style liberal-progressive reformers on the other. Whoever prevails in the primaries, one thing appears clear. Should a neoliberal candidate win the 2020 nomination, there is little reason to expect a reverse in the status quo-elitism of the Democratic Party.
Counterpunch
System Capture 2020: The Role of the Upper-Class in Shaping Democratic Primary Politics
Anthony DiMaggio | Assistant Professor of Political Science, Lehigh University, and author of The Politics of Persuasion: Economic Policy and Media Bias in the Modern Era, and Selling War, Selling Hope: Presidential Rhetoric, the News Media, and U.S. Foreign Policy After 9/11

Monday, June 24, 2019

Jason Smith — A Workers' History of the United States 1948-2020

After seven years of economic research and developing forecasting models that have outperformed the experts, author, blogger, and physicist Dr. Jason Smith offers his controversial insights about the major driving factors behind the economy derived from the data and it's not economics — it's social changes. These social changes are behind the questions of who gets to work, how those workers organize, and how workers identify politically — and it is through labor markets that these social changes manifest in economic effects. What would otherwise be a disjoint and nonsensical postwar economic history of the United States is made into a cohesive workers' history driven by women entering the workforce and the backlash to the Civil Rights movement — plainly: sexism and racism. This new understanding of historical economic data offers lessons for understanding the political economy of today and insights for policies that might actually work.…
Information Transfer Economics
A Workers' History of the United States 1948-2020
Jason Smith

Tuesday, January 29, 2019

Bill Mitchell — The conflicting concepts of cosmopolitan within Europe – Part 1

In the past week, the UK Guardian readers were confronted with the on-going scandal of wealthy British politicians and ‘peers’ receiving massive European Union subsidies under the Common Agricultural Policy (CAP). The article (January 27, 2019) – Peers and MPs receiving millions in EU farm subsidies – recounted the familiar tale –“Dozens of MPs and peers, including some with vast inherited wealth, own or manage farms that collectively have received millions of pounds in European Union subsidies”.
The story is not new and this scandal is just a reflection of the way in which the development of the European Union has contradicted the idealism that the Europhile Left associate with ‘Europe’.
As an aside, it would be telling, one imagines to map the EU payments (and well-paid job holdings) with Brexit support – one would conjecture a strong negative correlation.
This is a two-or-three part mini-series on the evolution of concepts of ‘cosmopolitanism’ in the European context. It is part of work I am doing for the next book Thomas Fazi and I hope to publish by the end of the year.
In this blog post, I introduce the conflict that is inherent in the European Union, and the way the Europhile Left has been seduced by a concept of cosmopolitanism that bears not relevance in the reality of modern Europe....
Bill branches out widely from MMT to encompass political economy, economic sociology, , economic geography, political theory, the EU and EU politics, the Left (such as it is) and more, exhibiting an awesome command of the material.

I have added some paragraphing.

Bill Mitchell – billy blog
The conflicting concepts of cosmopolitan within Europe – Part 1
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Friday, May 11, 2018

Irfan Habib — Karl Marx And His Conception Of History


Good summary of the basic Marxist world view, which Marx got essentially correct in my view. It's what we now call economic sociology/anthropology. In my view also, economic sociologists and economic anthropologists are much closer to getting it right than theoretical economists, most of whom have lost the big picture by overly limiting the scope and scale of their inquiry.

NewsClick (India)
Karl Marx And His Conception Of History
Irfan Habib

(Irfan means wisdom, gnosis in Arabic. Habib means the Beloved.)

Thursday, July 20, 2017

Vladimir Popov and Jomo Kwame Sundaram — Early Death in Russia


Sociological effects of economic change. Economic contraction results in social dysfunction that manifests negatively in individual lives.
The transition to market economy and democracy in the Russian Federation in the early 1990s dramatically increased mortality and shortened life expectancy. The steep upsurge in mortality and the decline in life expectancy in Russia are the largest ever recorded anywhere in peacetime in the absence of catastrophes such as war, plague or famine.
During 1987-1994, the Russian mortality rate increased by 60%, from 1.0% to 1.6%, while life expectancy went down from 70 to 64 years. Although life expectancy declined from 1987, when Mikhail Gorbachev was still in charge, its fall was sharpest during 1991-1994, i.e., during Boris Yeltsin’s early years.
In fact, mortality increased to levels never observed during the 1950s to the 1980s, i.e., for at least four decades. Even in the last years of Stalin’s rule (1950-1953), mortality rates were nearly half what they were in the first half of the 1990s.
Economic output fell by 45% during 1989-1998, while negative social indicators, such as the crime rate, murder rate, suicide rate and income inequalities, rose sharply as well, but even these alone cannot adequately explain the unprecedented mortality spike.
Yet, the Yeltsin period is represented as the "golden years" of Russia in the US, and the US elite is doing its best to return "the good old days" to Russia when "cowboy capitalism" ruled under the tutelage of the Harvard boyz, whose guiding principle was, "Let the market sort it out."

Vladimir Putin reversed the precipitous slide into system collapse and now the US elite thinks that his astronomical approval rating is the result of his control of Russian media, which he is running as a propaganda machine like Pravada was for the UUSR elite.
Meanwhile, the same syndrome begins to grip the US.
TripleCrisis
Early Death in Russia
Vladimir Popov and Jomo Kwame Sundaram

Wednesday, July 19, 2017

Oleg Komlik — Pierre Bourdieu: Economism is a form of ethnocentrism


Economic liberalism, typified by "economism," is not only an ideology based on restrictive assumptions that are normative and prescriptive in addition to positive. It is also ethnocentric, being based on Western culturally dominant concepts and values, and in particular Anglo-American concepts and values that have been dominant post-WWII, and which economic liberals have insisted upon universalizing as "natural."

Economic Sociology and Political Economy
Pierre Bourdieu: Economism is a form of ethnocentrism
Oleg Komlik | founder and editor-in-chief of the ES/PE, Chairman of the Junior Sociologists Network at the International Sociological Association, a PhD Candidate in Economic Sociology in the Department of Sociology and Anthropology at Ben-Gurion University, and a Lecturer in the School of Behavioral Sciences at the College of Management Academic Studie

see also

Fast Company
Are You Ready To Consider That Capitalism Is The Real Problem?
Jason Hickel And Martin Kirk



Monday, July 17, 2017

BIEN — History of UBI: From Hunter-Gatherers to the 21st Century


Backgrounder. Links to an Investopedia paper.

Seems to reinforce the conclusion that sharing requires a more advanced level of collective consciousness or necessity for social cooperation to survive than exists in most places today.

BIEN
History of UBI: From Hunter-Gatherers to the 21st Century

Saturday, June 3, 2017

Oleg Komlik — Theodor Adorno on the division between economics and sociology

My thesis is quite simply that the strict division between economics and sociology, the consequence of which is unquestionably to dismiss the Marxian theory ante portas, causes the decisive social interests of both disciplines to disappear; and that precisely through this separation they both fail to assert their real interests, what really matters in them. […]
The economic relationships between people, though ostensibly of a purely economic, calculable nature, are in reality nothing but congealed interpersonal relationships. Sociology, on the other hand, in concerning itself only with relationships between people without paying too much attention to their objectified economic form, acts as if everything really depended on these interpersonal relationships or even on the opportunities open to social actions, and not on those mechanisms. What is lost in the gap between them—and this gap is to be understood not topologically, but as something really missing from the thought of both disciplines—is exactly that which was once referred to by the term ‘political economy’.” — Theodore Adorno,  Introduction to Sociology, edited by Christoph Godde and translated by Edmund Jephcott. Stanford, CA: Stanford University Press, 2000, 141-142.
Economic Sociology and Political Economy
Theodor Adorno on the division between economics and sociologyOleg Komlik | founder and editor-in-chief of the ES/PE, Chairman of the Junior Sociologists Network at the International Sociological Association, a PhD Candidate in Economic Sociology in the Department of Sociology and Anthropology at Ben-Gurion University, and a Lecturer in the School of Behavioral Sciences at the College of Management Academic Studies

Friday, September 23, 2016

Mariana Mazzucato — New Times: Mariana Mazzucato on why it's time for progressives to rethink capitalism

Some separate economic from societal problems, stating that we must address the former before we can tackle the latter. But the future for progressives lies in advancing the two together.…
The time is ripe for progressives to make their case with confidence and to rethink capitalism. Narratives about wealth creation must become more collective, as should the distribution of the rewards which result. The public realm matters to wealth creation, just as it matters to building a stronger and more just society.
New Statesman
New Times: Mariana Mazzucato on why it's time for progressives to rethink capitalism
Mariana Mazzucato | RM Phillips chair in the Economics of Innovation at SPRU in the University of Sussex

See also

Prospect
A real industrial revolution
Mariana Mazzucato

Thursday, May 28, 2015

Oleg Komlik — Emile Durkheim’s definition of Economic Sociology


Institutional analysis.

Economic Sociology and Political Economy
Emile Durkheim’s definition of Economic Sociology
Oleg Komlik | founder and editor-in-chief of the ES/PE, Chairman of the Junior Sociologists Network at the International Sociological Association, a PhD Candidate in Economic Sociology in the Department of Sociology and Anthropology at Ben-Gurion University, and a Lecturer in the School of Behavioral Sciences at the College of Management Academic Studies

Monday, April 20, 2015

Daniel Little — History of sociology

Sociology is a discipline with a short history and a very dense and complex tree of topics and methods. So writing its history — even limited to the past century and a half — is extremely challenging. And the idea that the discipline has worked itself out as the methodical development of ideas advanced by the "founders" -- e.g. Marx, Durkheim, Tarde, Weber, and Simmel -- is really a non-starter. Each of these thinkers brought important ideas into the mix; but sociology is more than simply an elaboration of their nineteenth-century and early twentieth-century ideas. Rather, sociologists have taken a meandering path as they have reacted to new social problems, innovations in theory and method, and shifting priorities in universities and funding sources.…
Economics is an aspect of sociology, and a branch of sociology, economic sociology, is dedicated to it. Unfortunately, there is no sociological economics is conventional economics. Marxist, Marxian and Institutional economics can be viewed as sociological economics. Conventional economics rejects sociological approaches in favor of formal methods.

Understanding Society
History of sociology
Daniel Little | Chancellor of the University of Michigan-Dearborn, Professor of Philosophy at UM-Dearborn and Professor of Sociology at UM-Ann Arbor

Thursday, February 12, 2015

Oleg Komlik — What is Economic Sociology?

What is Economic Sociology? What is embeddedness? How are markets made and where do markets come from? How do politics, networks and culture matter? What are the institutions of political economy? and How does capitalism differ among countries?…. 
This concise and informing article by Ilan Talmud reviews contemporary trends in economic sociology, detailing how the emergence of the social embeddedness metaphor [as opposed to methodological individualism characteristic of conventional economics] has led to various sub-disciplines in the field. Economic sociology depicts the market as a socially constructed feature, (a) structured by networks of social actors who compete, imitate, exploit, and cooperate with one another, (b) enabled and reproduced by social and political institutions according to (c) the basic rules of capitalist political economy, and (d) perceived and enacted by cognitive procedures and normative regimes entailing ideal types, professional language games, myths, and ritualistic processes.
Most of which conventional economics either ignores or denies in generating micro-founded models based on the assumption of methodological individualism that overlook social embodies and complex adaptive social systems.

Economic Sociology and Political Economy
Oleg Komlik | Lecturer, The College of Management Academic Studies, Behavioral Studies, and a PhD Candidate in Economic Sociology in the Department of Sociology and Anthropology

Sunday, January 4, 2015

Oleg Komlik — Ulrich Beck has died. His powerful concept of ‘Risk society’ is relevant as never was before

His 1986 book Risk Society: Towards a New Modernity is a scholarly (and political) bestseller which was translated into 35 languages, with about 24,000 academic citations. While firm in criticising those who claim Western societies are “postmodern”, Beck also offers an immanent critique of modernity’s failed promises. Due to its own successes, modern society now faces failure: while in the past experiments were conducted in a lab, now the whole world is a test bed. Whether nuclear plants, genetically modified organisms, nanotechnology – if any of these experiments went wrong, the consequences would have a global impact and would be irreversible.… 
Risk society is ‘an inescapable structural condition of advanced industrialization”. Modern society has become a risk society in the sense that it is increasingly occupied with debating, preventing and managing risks that it itself has produced. The changing nature of society’s relation to production and distribution is related to the environmental impact as a totalizing, globalizing economy based on scientific and technical knowledge becomes more central to social organization and social conflict. Whereas in earlier class-based societies only the proletariat was victimized, in the emerging worldwide risk society all groups – even the rich – are threatened.… 
“After all, the ecological issue, considered politically and sociologically, focuses at heart on a systematic, legalized violation of fundamental civil rights – the citizen’s right to life and freedom from bodily harm… In the ecological crisis we are dealing with a breach of fundamental rights that is cushioned and disguised during prosperity but that has socially destabilizing long-term effects that can scarcely be overestimated.” (quoted from: Beck, Ulrich. 1995. Ecological Enlightenment: Essays on the Politics of the Risk Society. Humanities Press. P. 8)
Economic Sociology and Political Economy
Ulrich Beck has died. His powerful concept of ‘Risk society’ is relevant as never was before
Oleg Komlik

Wednesday, December 10, 2014

Oleg Komlik — In economic policymaking, ideas matter.

John Maynard Keynes famously said: “The ideas of economists and political philosophers, both when they are right and when they are wrong are more powerful than is commonly understood.” In politics, policymaking and in the economy, ideas matter indeed.

Yet until now, little attention has been paid to how ideas are produced and disseminated, and how this process varies between countries. The National Origins of Policy is a pathbreaking book by two leading social scientists John L. Campbell & Ove K. Pedersen (Copenhagen Business School) that provides the first comparative analysis of how “knowledge regimes”—communities of policy research organizations like think tanks, political party foundations, ad hoc commissions, and state research offices, and the institutions that govern them—generate ideas and communicate them to policymakers. (Free access to the first chapter)
 
The authors examine how knowledge regimes are organized, operate, and have changed over the last thirty years in the United States, France, Germany, and Denmark. They skillfully show how there are persistent national differences in how policy ideas are produced. Some countries do so in contentious, politically partisan ways, while others are cooperative and consensus oriented. They find that while knowledge regimes have adopted some common practices since the 1970s, tendencies toward convergence have been limited and outcomes have been heavily shaped by national and local contexts. 
Drawing on extensive interviews with top officials at leading policy research organizations, this book demonstrates why knowledge regimes are as important to capitalism as the state and the firm, and sheds new light on debates about the effects of globalization, the rise of neoliberalism, and the orientation of comparative political economy in political science and sociology.…
Economic Sociology and Political Economy

Monday, December 8, 2014

Peter Dorman — Economics and Ideology, Terribly Muddled

With great resolve and all the best intentions, I began reading “Political Language in Economics” by Zubin Jelveh, Bruce Kogut, and Suresh Naidu. This is the research version of the journalism version published by 538, both referenced by Tyler Cowen. 
But I stopped at p. 8, wondering how it is possible for three obviously intelligent people to jointly pen such an arbitrary, implausible and internally inconsistent theory of the role of ideology in economic research.
Maybe economists should leave the sociology to sociologists. In fact, socioeconomics and economic sociology are existing disciplines. Sociologists have developed the terminology and methods for dealing with issues like ideology. Economists apparently need to acquaint themselves more with this work, which goes back to Marx, Weber, and Durkheim. See, for example, Frank Dobbin, Economic Sociology.

Econospeak
Peter Dorman, Professor of Political Economy, The Evergreen State College