Do Economists Make Markets? On the Performativity of Economics. Around the globe, economists affect markets by saying what markets are doing, what they should do, and what they will do. Increasingly, experimental economists are even designing real-world markets. But, despite these facts, economists are still largely thought of as scientists who merely observe markets from the outside, like astronomers look at the stars.
Donald MacKenzie | Sociology | Staff Profiles Office hours Mondays, 2.30pm to 4.30pm in Induction Week and teaching weeks. Research Interests
An Engine, Not a Camera
Models. Behaving. Badly.: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life
"A risk-management maven who's been on Wall Street for decades…Bookstaber's book shows us some complex strategies that very smart people followed to seemingly reduce risk—but that led to huge losses." A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation
Following quick on the heels of publication of Russell Jacoby's review of Erik Olin Wright's Envisioning Real Utopias in Dissent, Michael Burawoy has written a detailed reply stressing the importance of Wright's project and rescuing it from the tangle of Jacoby's at times ad hominem attack, an excerpt of which reads: Wright seems to know nothing about the history of utopian thought, communities, or cooperatives. Erik Olin Wright
Explaining Institutional Change This book contributes to emerging debates in political science and sociology on institutional change. Its introductory essay proposes a new framework for analyzing incremental change that is grounded in a power-distributional view of institutions and that emphasizes ongoing struggles within but also over prevailing institutional arrangements. Five empirical essays then bring the general theory to life by evaluating its causal propositions in the context of sustained analyses of specific instances of incremental change. These essays range widely across substantive topics and across times and places, including cases from the United States, Africa, Latin America, and Asia. The book closes with a chapter reflecting on the possibilities for productive exchange in the analysis of change among scholars associated with different theoretical approaches to institutions.
James Blaut, a geographer at the University of Illinois at Chicago, is particularly known for his excellent refutations and polemics against Eurocentrism in economic history. This book, "The Colonizer's Model of the World", is the pinnacle of that oeuvre, together with its companion work "Eight Eurocentric Historians" (Eight Eurocentric Historians). The Colonizer's Model of the World: Geographical Diffusionism and Eurocentric History
Human Rights and Empire: The Political Philosophy of Cosmopolitanism
First of all, a book on economics that gets thumbs up from both The Nation & The Wall Street Journal should get a wide readership. In the field of economics, where neoclassical and neoliberal dogmatism is dominant to the point of being stifling, it is important to open the windows to let fresh air in. The Economics of Global Turbulence: Amazon.co.uk: Robert Brenner
Marital Status: Married. Citizenship: U.S.A. Education: Benjamin Jerry Cohen, Professor, Dept. of Political Science, UCSB