Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which economies are utilizing advances in technology. However, this measure is problematic on several different dimensions. First, the idea that it is possible to separate out the relative...

Back in 1978, when economic sociology was still in an embryonic state, the British sociologist John Goldthorpe published an important paper, "The Current Inflation: Towards a Sociological Account" (Goldthorpe 1978). Goldthorpe rejected the conventional arguments that inflation was the...

This article seeks to reconnect to scholarship from the 1970s and 1980s that emphasized significant discontinuities in the development of the US economy. Drawing on a unique data set of prize-winning innovations between 1971 and 2006, we document three key changes in the US economy. The first is...

This essay reviews three recent books on the global economy against the backdrop of the Bush Administration's adoption of a militarized and unilateralist foreign policy that led to the US war against Saddam Hussein's regime in Iraq. The argument is that the shift in US foreign policy is a...

Hannes Lacher's article misrepresents and then denounces both the substance and the spirit of our book, The Power of Market Fundamentalism: Karl Polanyi's Critique. Lacher claims his interpretation of Polanyi to be the only acceptable one, and vociferously alerts readers to beware the dangerous...