IDEAS home Printed from https://ideas.repec.org/a/sos/sosjrn/200117.html
   My bibliography  Save this article

Fiscal Sociology and Veblen’s Critique of Capitalism: Insights for Social Economics and the 2008 Crisis

Author

Listed:
  • Ceyhun GÜRKAN

Abstract

The purpose of this paper is to review fiscal sociology and Veblen’s critique of capitalism with an eye to developing new insights for social economics and the 2008 crisis. The paper adopts an interdisciplinary approach that blends history, political economy, politics, sociology, social philosophy, and ethics. The article demonstrates how old and new strands of fiscal sociology and Veblen’s economic sociology can be employed to develop a comprehensive understanding of history, present conditions and future of neoliberalism as well as its current crisis. The paper concludes that fiscal sociology and Veblen’s sociological and critical institutional economics have the great potential to develop new insights into critical social economics and the fiscal crisis of the state.

Suggested Citation

  • Ceyhun GÜRKAN, 2020. "Fiscal Sociology and Veblen’s Critique of Capitalism: Insights for Social Economics and the 2008 Crisis," Sosyoekonomi Journal, Sosyoekonomi Society, issue 28(43).
    • Handle: RePEc:sos:sosjrn:200117
    as

    Download full text from publisher

    File URL: http://dergipark.gov.tr/download/article-file/941162
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rudolf Goldscheid, 1958. "A Sociological Approach to Problems of Public Finance," International Economic Association Series, in: Richard A. Musgrave & Alan T. Peacock (ed.), Classics in the Theory of Public Finance, pages 202-213, Palgrave Macmillan.
    2. Veblen, Thorstein, 1921. "The Engineers and the Price System," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1921.
    3. Blyth, Mark, 2013. "Austerity: The History of a Dangerous Idea," OUP Catalogue, Oxford University Press, number 9780199828302.
    4. Richard E. Wagner, 2007. "Fiscal Sociology and the Theory of Public Finance," Books, Edward Elgar Publishing, number 12713.
    5. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
    6. Musgrave, R A, 1992. "Schumpeter's Crisis of the Tax State: An Essay in Fiscal Sociology," Journal of Evolutionary Economics, Springer, vol. 2(2), pages 89-113, August.
    7. Veblen, Thorstein, 1998. "Why Is Economics Not an Evolutionary Science?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(4), pages 403-414, July.
    8. Veblen, Thorstein, 1919. "The Vested Interests and the Common Man," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1919.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jo, Tae-Hee, 2011. "Heterodox Critiques of Corporate Social Responsibility," MPRA Paper 35367, University Library of Munich, Germany.
    2. Jo, Tae-Hee, 2013. "Uncertainty, Instability, and the Control of Markets," MPRA Paper 47936, University Library of Munich, Germany.
    3. Zdravka Todorova, 2015. "A Veblenian articulation of the monetary theory of production," Working Papers PKWP1501, Post Keynesian Economics Society (PKES).
    4. Clare Virginia Eby, 1998. "Veblen’s Assault on Time," Journal of Economic Issues, Taylor & Francis Journals, vol. 32(3), pages 689-707, September.
    5. Terutomo Ozawa, 2004. "Veblen’s Theories of “Latecomer Advantage” and “The Machine Process”: Relevancy for Flexible Production," Journal of Economic Issues, Taylor & Francis Journals, vol. 38(2), pages 379-388, June.
    6. J. Patrick Raines & Charles G. Leathers, 1992. "Financial Innovations and Veblen’s Theory of Financial Markets," Journal of Economic Issues, Taylor & Francis Journals, vol. 26(2), pages 433-440, June.
    7. Tae-Hee Jo, 2013. "Saving Private Business Enterprises," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(2), pages 447-467, April.
    8. Valentinov, Vladislav, 2023. "Stakeholder theory: Toward a classical institutional economics perspective," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 188(1), pages 75-88.
    9. Anastassios D. Karayiannis & Allan E. Young, 2003. "Entrepreneurial Activities in a Veblenian Type Transition Economy," The American Economist, Sage Publications, vol. 47(2), pages 40-51, October.
    10. Zdravka Todorova, 2013. "Connecting social provisioning and functional finance in a post-Keynesian–Institutional analysis of the public sector," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 61-75.
    11. Davanzati, Guglielmo Forges, 2018. "Structural change driven by institutions: Thorstein veblen revised," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 105-110.
    12. Hugh Whittaker, 2017. "Premature financialization: a conceptual exploration," Working Papers halshs-01680406, HAL.
    13. Zdravka Todorova, 2013. "Conspicuous Consumption as Routine Expenditure and its Place in the Social Provisioning Process," American Journal of Economics and Sociology, Wiley Blackwell, vol. 72(5), pages 1183-1204, November.
    14. Tae-Hee Jo, 2011. "A Heterodox Microfoundation of Business Cycles," Chapters, in: Joëlle Leclaire & Tae-Hee Jo & Jane Knodell (ed.), Heterodox Analysis of Financial Crisis and Reform, chapter 9, Edward Elgar Publishing.
    15. Tae-Hee Jo, 2021. "Veblen’s evolutionary methodology and its implications for heterodox economics in the calculable future," Review of Evolutionary Political Economy, Springer, vol. 2(2), pages 277-295, July.
    16. Helge Peukert, 2001. "On the Origins of Modern Evolutionary Economics: The Veblen Legend after 100 Years," Journal of Economic Issues, Taylor & Francis Journals, vol. 35(3), pages 543-555, September.
    17. Marc Goergen & Christine A. Mallin & Eve Mitleton-Kelly & Ahmed Al-Hawamdeh & Iris H-Y Chiu, 2010. "Corporate Governance and Complexity Theory," Books, Edward Elgar Publishing, number 13927.
    18. James V. Cornehls, 2004. "Veblen’s Theory of Finance Capitalism and Contemporary Corporate America," Journal of Economic Issues, Taylor & Francis Journals, vol. 38(1), pages 29-58, March.
    19. William M. Dugger, 2005. "Dugger’s Theorem: The Free Market Is Impossible," Journal of Economic Issues, Taylor & Francis Journals, vol. 39(2), pages 309-324, June.
    20. Vladislav Valentinov, 2023. "Stakeholder Theory: Toward a Classical Institutional Economics Perspective," Journal of Business Ethics, Springer, vol. 188(1), pages 75-88, November.

    More about this item

    Keywords

    Fiscal Sociology; Veblen; 2008 Crisis; Capitalism; Neoliberalism.;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • H00 - Public Economics - - General - - - General
    • Z1 - Other Special Topics - - Cultural Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sos:sosjrn:200117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aysen Sivrikaya (email available below). General contact details of provider: http://www.sosyoekonomijournal.org/home.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.