Book Review: Sociology of the Financial Crisis

In the latest issue of Administrative Science Quarterly, Peer C. Fiss of the University of Southern California published a book review of "Markets on Trial: The Economic Sociology of the U.S. Financial Crisis," edited by Michael Lounsbury and Paul M. Hirsch: As the most recent in a long line of market crashes, the devastating financial … Continue reading Book Review: Sociology of the Financial Crisis

How Did 9/11, Financial Crisis Affect Hotel Performance?

Editor's note: We are pleased to welcome Dr. Renáta Kosová and Dr. Cathy A. Enz, both of Cornell University, who published "The Terrorist Attacks of 9/11 and the Financial Crisis of 2008: The Impact of External Shocks on U.S. Hotel Performance" on September 20, 2012 in Cornell Hospitality Quarterly. *** The U.S. hotel industry faced … Continue reading How Did 9/11, Financial Crisis Affect Hotel Performance?

Falling Profits as Cause of Recession

As earnings season opens this week, corporate profits are expected to be lower than originally anticipated, according to The Wall Street Journal and other news sources. Today, we look to the Review of Radical Political Economics (RRPE) for related analysis. José A. Tapia Granados of The University of Michigan published "Statistical Evidence of Falling Profits … Continue reading Falling Profits as Cause of Recession

Risky Business: Does ERM Increase Firm Value?

As JPMorgan CEO Jamie Dimon came under fire for the bank’s $2 billion trading loss, the critical issue of risk management again came to the forefront of business dialogue. Against the backdrop of the global financial crisis, a study in the Journal of Accounting, Auditing & Finance (JAAF) looks at enterprise risk management (ERM), a … Continue reading Risky Business: Does ERM Increase Firm Value?

What Can We Do About the Economy?

In a time of ongoing crisis, with millions in the U.S. facing unemployment or underemployment, it's time to get radical. A new podcast from the Review of Radical Political Economics (RRPE) looks at the crucial need to create well-being in our society and asks: Can economists move us in the right direction? Click here to … Continue reading What Can We Do About the Economy?

JMK Special Issue on Vietnam

The Journal of Macromarketing (JMK) has released its first country-specific special issue, featuring articles and commentaries about Vietnam that tie in to various macromarketing themes. Guest editor Clifford J. Shultz, II, of Loyola University Chicago, authored the introductory essay, “Vietnam: Political Economy, Marketing System.” To access all articles in this special issue, please click here. The abstract: … Continue reading JMK Special Issue on Vietnam

Soft Budget Constraints and Predatory States

Mehrdad Vahabi, University of Paris 8, published "Soft Budget Constraints and Predatory States" on February 3rd, 2012 in the Review of Radical Political Economics. To view other OnlineFirst articles, please click here. The abstract: The concept of the soft budget constraint (SBC) was initially formulated by economist Janos Kornai in the context of socialist economies. I … Continue reading Soft Budget Constraints and Predatory States

Impacts of Economic Crisis on Tourism

“Impacts of the World Recession and Economic Crisis on Tourism: North America”, by J.R. Brent Ritchie of the University of Calgary, Alberta, Canada, Carlos Mario Amaya Molinar of the Universidad de Colima, Colima, Mexico, and Douglas C. Frechtling of the Department of Tourism and Hospitality Management, Washington D.C., was one of the most frequently read articles in the … Continue reading Impacts of Economic Crisis on Tourism

Financial and Economic Crisis of 2008

 In 2009 "The Financial and Economic Crisis of 2008-A Systemic Crisis of Neoliberal Capitalism" by David Kotz was published in the Review of Radical Political Economics.  It quickly became one of the top downloaded articles of the year for the journal, so the author has provided a follow up with additional information about the popular article … Continue reading Financial and Economic Crisis of 2008