Mehmet Kerem Coban

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    Book Review: Imagined Futures: Fictional Expectations and Capitalist Dynamics by Jens Beckert

Book Review: Imagined Futures: Fictional Expectations and Capitalist Dynamics by Jens Beckert

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In Imagined Futures: Fictional Expectations and Capitalist Dynamics, Jens Beckert explores how individual and collective expectations shape the functioning of capitalist systems, challenging mainstream economic models based around efficient markets, rational expectations and general equilibrium. This is a welcome account rich with examples that contributes to understanding the structuring role played by shared fictions, writes Mehmet Kerem Coban. 

Imagined Futures: Fictional Expectations […]

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    Book Review: Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment by Claire A. Hill and Richard W. Painter

Book Review: Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment by Claire A. Hill and Richard W. Painter

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In Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment, Claire A. Hill and Richard W. Painter provide an account of the changes to banking that encouraged the risk-taking that became a factor in the global financial crisis, and propose a solution: ‘covenant banking’. The authors’ suggestion of binding bankers to contracts that encourage accountability to stakeholders and increase […]

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