Henry Farrell

“Social Institutions among Economists in the Wake of the Financial Crisis,” in Economy and Society in Europe: A Relationship in Crisis – eds. Luigi Burroni, Maarten Keune and Gugliemo Mardi

While an economy is always ‘embedded’ in society, the relationship between the two is undergoing profound changes in Europe, resulting in widespread instability which is emphasised by the current crisis. This book analyses these changes, and in particular pressures of intensifying international competition, globalization and financialization within Europe.

Henry Farrell, “Social Institutions among Economists in the Wake of the Financial Crisis,” in Economy and Society in Europe: A Relationship in Crisis eds. Luigi Burroni, Maarten Keune and Gugliemo Mardi (Edward Elgar: 2012).

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Other Writing:

Essay

AI’s Big Rift is Like a Religious Schism

December 12, 2023 The Economist
TWO CENTURIES ago Henri de Saint-Simon, a French utopian, proposed a new religion, worshipping the godlike force of progress, with Isaac Newton as its chief saint. He believed that humanity’s sole uniting interest, “the progress of the sciences”, should be directed by the “elect of humanity”, a 21-member “Council of Newton”. Friedrich Hayek, a 20th-century ...
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Chapter in an Edited Volume

Privatization as State Transformation

December 11, 2018 Nomos 60
Privatization is an ambiguous term covering many loosely related phenomena. In this essay, I focus on one specific aspect of privatization-the privatization of governance. This sidesteps arguments about the presumed efficiency gains of, e.g., turning state-owned entities into for-profit corporations, and highlights the political consequences of privatization-how it takes decisions which had once been within ...
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