Chris Sims at the Graduate Center!

April 14, 2015 Jin Chung

Capitalism unchained
Krishnan Nayar makes three key points in his recently published Liberal Capitalist Democracy: The God that Failed. First, he argues that bourgeois revolutions frequently failed to lead to democracy, a view strongly embedded in the Anglo-American Whiggish history and in simplified Marxism. Rather they provoked aristocratic reaction and the authoritarian economic developments which in many […]
The chronicle of the revolutions foretold?
For almost two decades, Peter Turchin has been involved, with many colleagues and co-authors, in an epochal project: to figure out, using quantifiable evidence, what are the forces that lead to the rise, and more importantly, to the decline of nations, political turbulence and decay, and revolutions. This has resulted in the creation of an […]
On charisma and greyness under communism
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Capitalists, the state and globalization
“The tendency to create the world market is directly given in a concept of capital itself. Every limit appears as a barrier to be overcome…In accord with this tendency, capital drives beyond national barriers and prejudices as much as beyond nature worship, as well as all traditional, confined, complacent…reproductions of old ways […]
The comprador intelligentsia
In “Orientalism”, Edward Said spoke of an orientalist as an interpreter of local custom and knowledge to the foreign intellectual. A common term in neo-Marxist literature of the 1960-80, for the absence of articulation between the domestic areas that interacted with the rest of the world, and the hinterland that was cut off from it, […]
Statistics as a philosophy and art
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Why I think that Argentina 1985 is not a very good movie
Now when the passions have receded a bit after I got an incredible number of critiques and insulting emails because I did but think that Argentina 1985 is a very good movie I would like to explain my reasons. First, let me say that the critique of a film or a book is totally separate […]
The Madoff enigma
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Distinguishing incomes from capital and labor
When I recently received my copy-edited chapter dealing with Adam Smith (from my forthcoming book "Visions of Inequality"), I noticed that in several instances the editor changed my “the rate of profit on capital” to the “rate of profit on investment” or “profits on invested capital”. I changed it back to the original, but […]
Not a new Xi
In today’s Financial Times Ruchir Sharma has a very nice article about the recent readjustments in China’s policies: discontinuation of zero-covid restrictions, stronger support for globalization, and a nod toward the private sector. As the title (“The Xi nobody saw coming”) says, Sharma sees them as a sudden and […]

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Graduate Center Economics Student Blog

Daily Archives: April 14, 2015

Chris Sims at the Graduate Center!

A blog for Econ students, by Econ students.