by Frank Jacob* What is Immanuel Wallerstein’s legacy for the 21st century? Following the closure of the Fernand Braudel Center for the Study of Economies, Historical Systems, and Civilizations that Wallerstein directed at SUNY Binghampton and the discontinuation in 2016 of Review, the journal he founded in 1976, this is an important question. World-systems theory […]
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by Aaron Major* I was first introduced to Richard Lachmann’s work as a graduate student and then had the privilege of calling him a colleague when I joined the faculty at the University at Albany in 2008. His sudden passing two years ago, on 19th September 2021, was a great personal loss to me and […]
by Jean-Louis Laville* Two major lessons emerge from the 19th and 20th centuries. Firstly, the promotion of a market society underpinned by a concern for individual freedom has increased inequality; secondly, the subjugation of the economy to political will under the pretext of equality has led to the suppression of freedoms. These two solutions have […]
by Jongchul Kim* In a given era, social scientists often share a common philosophical perspective, whether overtly or implicitly, despite studying different subjects. So what if the prevailing perspective among mainstream economists proves problematic, preventing them from providing a comprehensive understanding of the capitalist financial system?In modern Western philosophy, conventional economics is built upon two […]
by Ben Clift* Political economy has long taken a keen interest in the politics of economic ideas, but considerably less attention has been paid to the politics of economic method. Method gets neglected as the technical realm within which, it is assumed economic ideas, once established, are implemented in straightforward fashion. In fact, economic method […]
by Oleksandr Svitych* We are living in the times of the populist nationalist challenge to the liberal order. This challenge comes in many forms, including reactionary and progressive ones – from Marine Le Pen’s Front National in France to Jobbik in Hungary, to Manuel López Obrador’s MORENA in Mexico and Pauline Hanson’s One Nation in […]
by Merve Sancak* Skills have been shown as an answer to ongoing socio-economic problems such as unemployment, economic inequality, or lack of economic growth both in the Global North and Global South. The issue has been particularly prominent in the debates about the ‘lack of’ economic development in the Global South countries. It has been […]
by Fred Block* John Vail has written a remarkable book about Karl Polanyi’s concept of the double movement. It is a careful exegesis of Polanyi’s argument that also puts that analysis into dialogue with subsequent scholarship in history, politics, and sociology. Vail is appreciative of Polanyi’s insights, but he is certainly not uncritical. He points […]
by Julien Etienne* It is startling to see that regulation scholarship continues projecting a business-as-usual picture, when current trends and scientific insights into the foreseeable future all point to radical change. Indeed, scientists have been documenting the extremely rapid decline in biodiversity and acceleration of climate change. They project that these trends will continue to […]
by Omer Tekdemir* These days we are witnessing a growing interest in Karl Polanyi’s framework to explain the organic crisis of neoliberalism, including the populist reaction; while Antonio Gramsci has always been popular within a wide range of movement studies from different disciplines.My recently published monograph Constituting the Political Economy of the Kurds: Social Embeddedness, Hegemony, […]