Schedule

I. Introduction to economic sociology and European capitalism

The module starts off with a general introduction to economic sociology. Economic sociology will be discussed in terms of its historical development and key problématiques and concepts, main theoretical approaches/traditions, the nature, and philosophical assumptions of economic sociology. European capitalism will be discussed in terms of the processes of industrialization and modernization.

Readings (undergraduate and MA)

Smelser, Neil and Richard Swedberg (2005), ‘Introducing Economic Sociology’, in: Handbook of Economic Sociology, Princeton University Press.

The second reading will be assigned to students individually. Each group of students will read a different chapter from The Handbook of Economic Sociology. We will summarize these readings in the in-class discussion.

II.: Capitalism Defined and the Crisis of European Capitalism

This session will introduce students to the main institutions of capitalism: markets, property, labor, households etc. It will target both the more visible institutions of the marketplace as well as less visible background institutions such as polities, care work and the environment.

In the second part of the session we will talk about the recent crisis of European capitalism. This will include talking about the financial crisis, the Euro crisis and recent anti-austerity movements.

Readings (undergraduate and MA)

Nancy Fraser (2014): Behind Marx’s Hidden Abode. Towards an Expanded Notion of Capitalism. In: New Left Review 86.

Donatella della Porta (2017): Late Neoliberalism and its Discontents. An Introduction. In: Late Neoliberalism and its Discontents in the European Crisis, edited by della Porta et al. Palgrave Macmillan.

III.: Digital Capitalism

These two sessions introduce students to one of the main fields of recent economic research: digitalization. Students will learn about the academic study of changing technological and work relations, including concepts such as platform capitalism and automation. Concretely, we will discuss the commercial internet and emergence of large economic platforms such as Amazon, Google and Facebook. These cases will relate to broader questions about how digitalization is transforming the economy at large.

Readings (undergraduate and MA)

Nick Srnicek (2017): Platform Capitalism. Cambridge: Polity Press. Chapters 1-3.

IV.: The Future of Work and the Future of Capitalism

Having talked current digital transformations of (European) capitalism, we will move on to debates of automation and the future of work. Fears of (and sometimes hope for) human labor being replaced by machines are increasing; we will look at the literature to find if such hopes and fears are based on solid data and analysis.

The second part of the session will discuss the future of global capitalism. This will include transformations of labor, finance, technology, spatial divisions and business organization.

Readings (undergraduate and MA)

David Spencer (2018): Fear and hope in an age of mass automation. Debating the future of work. In: New technology, work and employment 33(1).

Beverly Silver (2013): Theorizing the working class in 21^st century global capitalism. In: Workers and labor in a globalized capitalism, edited by Maurizio Atzeni. Palgrave Macmillan.

V. Introduction to Theories of Neoliberalism

Neoliberalism has become a dominant concept in theorizing the organization of contemporary capitalism, and its impact on both society and individuals. Ranging across various social sciences, neoliberalism has become a contested concept. The class will discuss the historical emergence of neoliberalism and summarize the contemporary debates by exploring the key assumptions of various ways neoliberalism is theorized. The session will specifically scrutinize the micro-level impact of neoliberalism on contemporary societies while asking to which extent should we assume a critical perspective towards neoliberal changes.

Readings (undergraduate and MA)

Harvey, D. (2007). A brief history of neoliberalism. Oxford University Press, USA.

Hilgers, M. (2011). The three anthropological approaches to neoliberalism. International Social Science Journal, 61(202), 351-364.

VI. Contemporary Challenges in European Integration

Following up on our previous debates regarding European political and economic crises, the emergence of anti-austerity movements, the final session will explore the recent phenomenon of European populism. The boom of populist movements has been, by some observers, deemed the most important political development in the past decade while the scientific reflection has undoubtedly undergone a revival of the interest in the subject matter. The class will introduce dominant approaches to populism and discuss its roots & effects while theorizing the links to the crisis of neoliberal capitalism and backlash against globalization.

Readings (undergraduate and MA)

Mudde, C. (2018). How populism became the concept that defines our age. The Guardian, 22.

Rodrik, D. (2018). Populism and the Economics of Globalization. Journal of International Business Policy, 1(1-2), 12-33.

Further and recommended resources

“Economic Discourses and Economic Dispositives”, issue of economic sociology, the european electronic newsletter, 14:2, available at: http://econsoc.mpifg.de/archive/econ_soc_14-2.pdf.

Boltanski, Luc and Ève Chiapello (2005 [1999]) The New Spirit of Capitalism, trans. Gregory Elliott, London: Verso.

Diaz-Bone, Rainer. "Economics of convention." KOLNER ZEITSCHRIFT FUR SOZIOLOGIE UND SOZIALPSYCHOLOGIE (2009): 176-+.

Du Gay, Paul, and Glenn Morgan (2014) (eds.), New Spirits of Capitalism?: Crises, Justifications, and Dynamics. Oxford University Press.

Fligstein, Neil (2001), The architecture of markets: An economic sociology of twenty-first-century capitalist societies, Princeton University Press.

Smelser, Neil J., and Richard Swedberg (eds) (2010), The handbook of economic sociology, Princeton university press.

Streeck, Wolfgang (2013), "The crisis in context: Democratic capitalism and its contradictions." Politics in the Age of Austerity. Cambridge: Polity, pp. 262-286.

Streeck, Wolfgang (2014), Buying time: The delayed crisis of democratic capitalism. Verso Books.