scholarly journals The paradox of economism

2015 ◽  
Vol 1 (2) ◽  
pp. 27-29
Author(s):  
Martijn Konings

For some decades now, progressively minded social scientists have argued that markets are too important to leave to economists — indeed, entire new subfields have formed in response to this concern. But this engagement with economic life has often been somewhat half-hearted. Particularly telling in this respect is the fact that these new fields have organized themselves centrally around the rejection of ‘economism’ — the idea that markets have self-regulatory properties. Scholars in fields such as political economy and economic sociology have devoted a great deal of energy to normative critiques of the market, but they have displayed much less interest in rethinking the core categories and principles of economic life itself. What the books considered here have in common, and what sets them apart from established ways of thinking, is a willingness to tarry with the paradoxes of money.

2011 ◽  
Vol 5 (1) ◽  
pp. 18-34 ◽  
Author(s):  
Rick Dolphijn

Starting with Antonin Artaud's radio play To Have Done With The Judgement Of God, this article analyses the ways in which Artaud's idea of the body without organs links up with various of his writings on the body and bodily theatre and with Deleuze and Guattari's later development of his ideas. Using Klossowski (or Klossowski's Nietzsche) to explain how the dominance of dialogue equals the dominance of God, I go on to examine how the Son (the facialised body), the Father (Language) and the Holy Spirit (Subjectification), need to be warded off in order to revitalize the body, reuniting it with ‘the earth’ it has been separated from. Artaud's writings on Balinese dancing and the Tarahumaran people pave the way for the new body to appear. Reconstructing the body through bodily practices, through religion and above all through art, as Deleuze and Guattari suggest, we are introduced not only to new ways of thinking theatre and performance art, but to life itself.


Moreana ◽  
2018 ◽  
Vol 55 (Number 209) (1) ◽  
pp. 24-60
Author(s):  
Russ Leo

Nicolas Gueudeville's 1715 French translation of Utopia is often dismissed as a “belle infidèle,” an elegant but unfaithful work of translation. Gueudeville does indeed expand the text to nearly twice its original length. But he presents Utopia as a contribution to emergent debates on tolerance, natural religion, and political anthropology, directly addressing the concerns of many early advocates of the ideas we associate with Enlightenment. In this sense, it is not as much an “unfaithful” presentation of More's project as it is an attempt to introduce Utopia to eighteenth-century francophone audiences—readers for whom theses on political economy and natural religion were much more salient than More's own preoccupations with rhetoric and English law. This paper introduces Gueudeville and his oeuvre, paying particular attention to his revisions to Louis-Armand de Lom d'Arce, Baron de Lahontan's 1703 Nouveaux Voyages dans l'Amérique Septentrionale. Published in 1705, Gueudeville's “revised, corrected, & augmented” version of Lahontan's Voyages foregrounds the rational and natural religion of the Huron as well as their constitutive aversion to property, to concepts of “mine” and “yours.” Gueudeville's revised version of Lahontan's Voyages purports to be an anthropological investigation as well as a study of New World political economy; it looks forward, moreover, to his edition of Utopia, framing More's work as a comparable study of political economy and anthropology. Gueudeville, in other words, renders More's Utopia legible to Enlightenment audiences, depicting Utopia not in terms of impossibility and irony but rather as a study of natural religion and attendant forms of political, devotional, and economic life. Gueudeville's edition of Utopia even proved controversial due, in part, to his insistence on the rationality as well as the possibility of Utopia.


2019 ◽  
Vol 6 (2) ◽  
Author(s):  
Christian Gerlach

Abstract This paper focuses on the diffusion of 無為/ wu-wei (an ancient Chinese concept of political economy) throughout Europe, between 1648 and 1848. It argues that at the core of this diffusion process were three significant developments; first, the importation and active transmission of wu-wei by the Low Countries during the seventeenth century. It is revealed that the details of Chinese expertise entered Europe via the textual diffusion of Jesuit texts and the visual diffusion of millions of so-called minben-images during the ceramic boom of the seventeenth and eighteenth centuries. Thus, the hypothesis is advanced that the diffusion of wu-wei, co-evolved with the inner-European laissez-faire principle, the Libaniusian model. In the second part, it is shown that the intellectual foundation of Europe’s first economic school, Physiocracy, is a direct replica of the imported Chinese economic, agrarian craftsmanship of wu-wei; subsequently, it is denied that the indigenous European Libaniusian ideology can be considered the intellectual master-model of Physiocracy and his founder Quesnay. Finally, we argue that Switzerland can be identified as the first European paradigm state of wu-wei. The crystallization process of wu-wei inside Europe ultimately ended with the economic-political reorganization of the newly formed Eidgenossenschaft in 1848. The Swiss succeeded in institutionally transforming traditional Chinese agrarian wu-wei into the modern version of European “commercial wu-wei”. In due course, this alpine paradigm enabled the endogenous Libaniusian model to verify and reflect upon its theory of commercial society. Additionally, this third focus also demonstrates that the later development of Europe’s laissez-faire doctrine has to be seen as a Eurasian co-production – without importing China’s wu-wei, Europe’s pro-commercial ideology might never have matured.


SAGE Open ◽  
2016 ◽  
Vol 6 (4) ◽  
pp. 215824401667137 ◽  
Author(s):  
Daud A. Mustafa ◽  
Hashir A. Abdulsalam ◽  
Jibrail B. Yusuf

Islamic economics, as part of the Islamic body of knowledge, has emerged as a new social science discipline that has gained currency and recognition in various institutions of higher learning in the contemporary Muslim world. Different sources of Islamic knowledge have significantly contributed to shape its evolution and development. The Islamic legal maxims, however, do not seem to have received much attention in terms of their contextualization in the present economic thinking. Using the content analysis approach, this article examines the relevance of qawā‘id al-fiqhiyyah, placing emphasis on the five normative maxims and some of their variants, to the understanding of Islamic economics. The aim is to assess their relevance to Islamic economic life and their contextualization within time and space. It was found that qawā‘id al-fiqhiyyah significantly contributes to the understanding of Islamic economics as a discipline in the Islamic tertiary educational pursuits. They help to understand certain economic theories from the Islamic ethical perspective. Therefore, it is concluded that if Muslim social scientists, especially, Muslim economists, embrace and pursue this branch of fiqh with an utmost concern and commitment, it would facilitate a better appreciation of economic theories from the Islamic perspective.


Author(s):  
Stefano Solari

The work of Leopold Kohr has attracted attention from social scientists in the field of international political studies, but few political economists have studied his theoretical argument in detail. Few students have tried to unite economic and polit-ical arguments to understand his contribution in a more analytical way. We will argue that Kohr's principal theory (diseconomies of scale) was inherently econom-ic, an attempt to elaborate on the concept of scale in a broader perspective and in a more complex way, including the idea of quality and, in particular, power rela-tions. In this paper, we try to make sense of Kohr's idea of decentralisation by studying his contributions from a political economy perspective. Moreover, con-clusions will be drawn that relate Kohr's view to present-day governance problems in the European Monetary Union, in which actual governance reflects all dangers that this scholar feared.


2013 ◽  
Vol 21 (4) ◽  
pp. 201-234 ◽  
Author(s):  
Gavin Walker

AbstractThe debate around labour power, and particularly regarding its status as the ‘most peculiar’ of commodities, has been widely revisited in contemporary Marxist thought and critical theory. This concept, which has often resurfaced in works by Negri, Spivak, Virno and numerous other contemporary thinkers, has a long prehistory in the work of Marx and subsequent Marxist theorists, perhaps most importantly in the work of Uno Kōzō, arguably the most influential and widely known Marxist thinker in modern Japan. Uno’s work, and particularly his major theoretical works of the 1950s, developed an entirelogicalanalysis of the peculiar position of the labour-power commodity within capital’s drive, noting that this site marks the place wherein capital’slogical interiorand itshistorical exteriorinterpenetrate each other, generating a volatile force of excess at the core of capital’s supposedly smooth and pure circuit-process. By developing around this point an extensive theoretical discussion of its dynamics ofimpossibilityorirrationality, centred on a term –muri– that he raises to the level of a concept, Uno formulates a series of original theses in methodology, on the concept of population, and particularly around the figures of thelogicaland thehistoricalin the critical analysis of capitalism. Focusing in particular on this ‘impossibility’ ormurithat is nevertheless constantly ‘passing through’ the capital-relation, this essay investigates the entire range of Uno’s analysis, revealing not only a crucial thread of theoretical inquiry that remains contemporary for us today, but also another set of possibilities linking the critique of political economy to the renewal of revolutionary politics.


2018 ◽  
Vol 35 (7-8) ◽  
pp. 331-337
Author(s):  
Ben Turner

How should we conceptualise the turn to attention as a means of producing surplus value? Claudio Celis Bueno answers this question through a consideration of the attention economy in the context of a rethinking of Marxist political economy. Bueno accounts for the development of the economisation of attention through the concepts of value, labour and time, but also investigates how the shift to attention requires us to rethink the basis of these terms. Using the attention economy as an example, he develops a method of immanent critique which rejects a-historical understandings of labour, in order to show how the core concepts of Marxist political economy transform across different economic systems. Despite the clarity of this argument, Bueno opens an interesting but unanswered question as to how one transitions from this insight to a positive political project that may not be compatible with immanent critique.


2009 ◽  
pp. 26-34
Author(s):  
Carlo Trigilia

- Economic sociology and economics have encouraged, since their intellectual origins, a different relationship with public economic policies and this diversity is still very much alive in today's debate. This is particularly true in the last decades, when economic sociology has developed strongly and when it get involved in public policy related issues. The paper argues that, with regard to public economic policies, the economic science has a stronger "influence" than economic sociology, despite the scant soundness of economic analysis would not justify it. At the same time, the paper goes on, today's influence of economic sociology on public economic policy has grown rapidly, especially because of the social and relational embeddeness of economic life. These opportunities will be exploited by economic sociology if few conditions will be realized: first, a closer attention to development and innovation issues is needed and, second, a stronger relationship with research centres and think tanks should be supported.Key words: economics and economic sociology, rethoric of economics, economic sociology and public policies, innovation, local development, embeddeness


Author(s):  
John Kenneth Galbraith

This book examines what it calls the political economy of contentment. It argues that the fortunate and the favored do not contemplate and respond to their own longer-run well-being. Rather, they respond to immediate comfort and contentment. In the so-called capitalist countries, the controlling contentment and resulting belief is now that of the many, not just of the few. It operates under the guise of democracy, albeit a democracy not of all citizens but of those who, in defense of their social and economic advantage, actually go to the polls. This chapter discusses how economic life undergoes a constant process of change, and, in consequence, the same action or event occurring at different times can lead to very different results. It considers some examples throughout history, such as the economic ideas of the Physiocrats in France, the fall of communism in Eastern Europe, and Franklin D. Roosevelt's New Deal.


Sign in / Sign up

Export Citation Format

Share Document