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

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  • 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
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    References listed on IDEAS

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    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, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
    3. 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.
    4. Veblen, Thorstein, 1998. "Why Is Economics Not an Evolutionary Science?," Cambridge Journal of Economics, Oxford University Press, vol. 22(4), pages 403-414, July.
    5. 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.
    6. Blyth, Mark, 2013. "Austerity: The History of a Dangerous Idea," OUP Catalogue, Oxford University Press, number 9780199828302, Decembrie.
    7. Richard E. Wagner, 2007. "Fiscal Sociology and the Theory of Public Finance," Books, Edward Elgar Publishing, number 12713.
    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.
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    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

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